Personal Loan Calculator

Calculate Your Personal Loan

Principal Amount:

AED

Interest Rate(Reducing):

%

Duration:

Year

What you need to know about Personal Loan

Everyone applies for a loan at least once in a lifetime. But before applying for a personal loan there are certain steps to be overlooked like, when a personal loan is important, calculating EMI, understanding interest rates, choosing the best personal loan, etc.

When you should not go for a personal loan ?

Personal loans are the loans provided on no collateral requirement that is the reason they are known as unsecured loans. Don’t apply for personal loans to

  • Buy a car.
  • Start a business.
  • Purchase a house.
  • For investments.
  • To lend someone else.

There are respective loans provided to buy a car, house or for a business and are provided on taking a collateral into consideration.

When a personal loan can be the best option?

As the name suggests a personal loan is for personal reasons. At most of the banks in UAE, stating the reason for the personal loan is not mandatory. It can be opted for
  • To pay credit card dues
  • To clear existing high interest loans
  • For a wedding
  • To go for a vacation
  • To get home renovated
  • To buy new furniture
  • Higher studies
  • To pay medical bills if the medical insurance doesn’t cover all the medical expenses

What to check before taking a personal loan?

Plan before applying for a personal loan. Proper planning is important before applying for a personal loan.
  • Check each and every detail like type of interest rates, processing fees, prepayment charges, etc.
  • Not all banks provide loans on the same charges.
  • Getting a personal loan for unnecessary expenses can have a bad impact on the credit score.
  • Check, Compare different loans, and Calculate the EMI before applying.

How calculator helps to plan your finances

Amongst the different important steps, calculating your Equated Monthly Installment(EMI) is vital. It helps the borrower to plan the finances in a better way.

  • Plan the expenses in prior rather than starting during payback.
  • Gives an approximate estimation of EMI.
  • It helps you comprehend the loan amount you can apply for.
  • Can understand and compare the interest rates of different banks.
  • Can understand how much he/she will be paying on the amount borrowed.
  • Existing personal loan holders to calculate the interest rate for a cross reference.

Minimum Salary

Interest Rate

Loan Amount

Reducing Rate

Select Bank

Min Salary

Interest/Profit Rate

Other Filters

CLEAR

ADIB Personal Finance for Expats

Flat Rate

3.85%

Minimum Salary

AED 8000

Reducing Rate

6.99%

Max Loan Amount

AED 1000000

Early Settlement Fee

1%

3.85%

Flat Rate

AED 8000

Minimum Salary

AED 6.99

Reducing Rate

AED 1000000

Max Loan Amount

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RAKBANK Personal Loan

Flat Rate

3.3%

Minimum Salary

AED 3000

Reducing Rate

5.99%

Max Loan Amount

AED 1250000

Early Settlement Fee

1%

3.3%

Flat Rate

AED 3000

Minimum Salary

AED 5.99

Reducing Rate

AED 1250000

Max Loan Amount

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FGB Personal Loan for Expats

Flat Rate

3.17%

Minimum Salary

AED 5000

Reducing Rate

5.75%

Max Loan Amount

AED 200000

Early Settlement Fee

1%

3.17%

Flat Rate

AED 5000

Minimum Salary

AED 5.75

Reducing Rate

AED 200000

Max Loan Amount

Hide Explore

ADIB Personal Finance for UAE Nationals

Flat Rate

3.72%

Minimum Salary

AED 8000

Reducing Rate

6.75%

Max Loan Amount

AED 3000000

Early Settlement Fee

1%

3.72%

Flat Rate

AED 8000

Minimum Salary

AED 6.75

Reducing Rate

AED 3000000

Max Loan Amount

Hide Explore

NBAD Personal Loan for UAE Nationals

Flat Rate

2.61%

Minimum Salary

AED 10000

Reducing Rate

4.74%

Max Loan Amount

AED 5000000

Early Settlement Fee

1%

2.61%

Flat Rate

AED 10000

Minimum Salary

AED 4.74

Reducing Rate

AED 5000000

Max Loan Amount

Hide Explore

NBAD Personal Loan for Expats

Flat Rate

2.61%

Minimum Salary

AED 10000

Reducing Rate

4.74%

Max Loan Amount

AED 2000000

Early Settlement Fee

1%

2.61%

Flat Rate

AED 10000

Minimum Salary

AED 4.74

Reducing Rate

AED 2000000

Max Loan Amount

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HSBC Personal Loan

Flat Rate

3.3%

Minimum Salary

AED 7500

Reducing Rate

5.99%

Max Loan Amount

AED 750000

Early Settlement Fee

1%

3.3%

Flat Rate

AED 7500

Minimum Salary

AED 5.99

Reducing Rate

AED 750000

Max Loan Amount

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Citi Personal Installment Loan

Flat Rate

7.71%

Minimum Salary

AED 8000

Reducing Rate

13.99%

Max Loan Amount

AED 175000

Early Settlement Fee

1%

7.71%

Flat Rate

AED 8000

Minimum Salary

AED 13.99

Reducing Rate

AED 175000

Max Loan Amount

Hide Explore

Emirates NBD Loans for Expatriates

Flat Rate

2.63%

Minimum Salary

AED 10000

Reducing Rate

5.99%

Max Loan Amount

AED 1000000

Early Settlement Fee

1%

2.63%

Flat Rate

AED 10000

Minimum Salary

AED 5.99

Reducing Rate

AED 1000000

Max Loan Amount

Hide Explore

FGB Personal Loans for UAE Nationals

Flat Rate

2.76%

Minimum Salary

AED 10000

Reducing Rate

5%

Max Loan Amount

AED 4500000

Early Settlement Fee

1%

2.76%

Flat Rate

AED 10000

Minimum Salary

AED 5

Reducing Rate

AED 4500000

Max Loan Amount

Hide Explore