Compare Loans, Credit Cards, Insurance And Fixed Deposit Rates

About MyMoneySouq

MyMoneySouq is website for people in the United Arab Emirates to learn more about the various financial products that are available for their advantage. The site was designed to help people understand the various types of financial solutions that are available and how they might work for anyone’s particular needs.

You will certainly benefit from this site if you need assistance with figuring out what the best possible financial solutions are for your demands. The site will help you get the most out of your money no matter what kind of investment you plan on taking.

The goal is to help people make educated and smart decisions when finding various financial instruments that they can benefit from. Whether it entails a loan, an insurance policy or a credit or debit card MyMoneySouq will help you learn more about what’s available.

The MyMoneySouq website is clearly laid out in four sections dedicated to loans, insurance, cards and accounts. The information listed here will give you a clear idea of what to expect when finding such financial solutions and knowing what to find out of them all.

Available For Nationals and Expats

The information that you will find on MyMoneySouq is appropriate for all UAE residents. It is ideal for both nationals and expats in the country on working or study visas. You might be eligible for different solutions depending on your residency status so be sure to look carefully to get a clear idea to what to expect out of your policy.

Loans

A loan can be critical to helping you afford many assets in your life. MyMoneySouq will help you learn more about various loans in the UAE.

The site offers information on four different kinds of loans:

  • Personal loans that may be used for your individual expenses
  • Home loans to help you afford the home of your dreams
  • Car loans to help you get a new or used vehicle
  • Business loans designed to fund business expenses; these include emergency costs, startup capital and expansion expenses

The site provides information on each type of loan and how well each option works. This includes a look at the individual points that go into a loan, profiles of various banks that can provide you with a loan and so forth.

You can also compare some of the more popular loan options from many of the top UAE banks. Details on interest rates, tenures and the maximum amount you can loan out are included in each profile.

Insurance

Insurance is a real necessity in your life. You must have insurance in order to cover the sudden expenses that might come about in your life. Fortunately, MyMoneySouq will help you learn all about insurance.

There are five particular types of insurance policies that you can take advantage of. MyMoneySouq has information on all five of these options:

  • Car insurance is a necessary for all UAE licensed drivers who own their own private vehicles. This site covers information on all the individual types of insurance policies you can use.
  • Health insurance is used to cover many expenses relating to preventative health care, emergency services and hospitalization. This can help quite substantial in that there is no telling when you might experience an injury or illness.
  • Life insurance helps you protect your family in the event of your death or disability. Points on whole and term life insurance are covered on this site.
  • Travel insurance will cover expenses relating to cancellations, lost luggage and other unexpected costs that might come about on your vacation. You can learn through this site about both single and multi-trip policies.
  • Home insurance covers the expenses relating to repairing damages to your home. Some policies will also cover the contents inside your property.

This site offers information on each insurance policy as well as what to find in a policy and what exclusions are involved in such policies. Insurance is critical for your life as it can help you keep from losing untold amounts of money on expenses that you might not have planned for.

The site also has details on many popular insurance policies offered by various banks. These include points on the terms involved with these policies and how much money they are good for.

Cards

You might be amazed at the extensive variety of credit and debit cards that are available for you. These include cards that offer special rewards and ones that are good for particular business functions. You can also find some debit cards that may link to a particular bank account you hold.

No matter what kind of card you want to take in, you can always find some great deals on your option. MyMoneySouq has plenty of details available in terms of who offers different cards and what you can get out of each one. You will learn about the types of cards that are available as well as the assorted types of benefits that you can get out of each one.

These cards are also sorted based on many important points like the minimum salary you need to earn, the annual fee involved, the interest and balance transfer rates associated with your card and whether you can get cashback offers on your card. The details are always varied in terms of what you can get out of a card so be sure to look carefully when finding a great option. MyMoneySouq will certainly help you out with finding a choice that fits in perfectly with the demands you might hold for getting such a card.

Accounts

You can find a variety of appealing accounts with different banks all around the UAE. Nationals and expats alike will certainly benefit from what banks offer.

MyMoneySouq has full information on fixed deposits and what you can get out of them. These accounts are varied in terms of what you can get out of them and include such options as the following. You will learn more about these options throughout the entire MyMoneySouq website.

  • A savings account provides you with a space in which you can secure your money in. You can use the account to get interest on your card over time.
  • Current accounts are designed with businesses in mind and are made for those who take in multiple transactions coming in and out. This is especially made with contra transactions in mind.
  • Deposit accounts allow you to secure a particular amount of money into a high-interest account.
  • An Islamic account is made with Islamic banking rules in mind. This includes rules relating to having no interest on investments, reductions in fees and special agreements in terms of what may be used.
  • Premier accounts are made for those who have more money to invest. These accounts typically come with extra functions and benefits depending on where you go for your account.
  • Childrens’ accounts are made for children as they help kids learn more about how to save money. These are often monitored by parents or legal guardians associated with these children.
  • An SME account may be used to cover the banking needs of a smaller business.

MyMoneySouq will help you learn more about all of these accounts and how they are offered by a variety of different banks all around the country. Details on how to apply for these accounts are provided as well as various requirements needed for doing so.

Information on any rates and fees may be included are also covered in this section. This is to help you prepare for what to expect out of your financial investment needs in the country.

Loan Calculator

You can always take advantage of our loan calculator. You can use this by entering in the amount of money on your loan, the interest rate and number of years needed for paying it off. You can get a clear idea of what you will have to spend each month on your loan.

Don’t Forget Our Blog

MyMoneySouq also has a blog that offers up to date information on the latest trends in the world of money and managing your funds. You will learn about new developments and offers and even find assorted tips on what to do with your money. The information that will be available here will certainly be to your advantage.

Our Pledge To You

We at MyMoneySouq want you to understand that we care about your funds. We are always working to find ways to help people in the UAE out with finding the right financial solutions. Our goal is to give you a clear idea of what to expect out of your funds and what you can get from them.

Remember, your money is important and you need to manage it the right way. You can always get the most out of your money when used right. Take a look around MyMoneySouq and you will see that there are plenty of great solutions that will help you get the most out of what you are investing in.