{"id":1853,"date":"2017-11-06T11:17:57","date_gmt":"2017-11-06T11:17:57","guid":{"rendered":"http:\/\/139.59.38.172:8081\/?p=1853"},"modified":"2019-03-22T05:45:30","modified_gmt":"2019-03-22T05:45:30","slug":"getting-loan-bank-options-may-not-aware","status":"publish","type":"post","link":"https:\/\/www.mymoneysouq.com\/financial-blog\/getting-loan-bank-options-may-not-aware\/","title":{"rendered":"Getting a loan from bank – few options you may not be aware"},"content":{"rendered":"

We all are aware that personal loan come under the unsecured type of loan. This is because we don\u2019t pledge anything in order to get a personal loan. There are several banks in UAE<\/a> to provide personal loan without any security, But there are few banks which provide personal loan against few things.<\/p>\n

There are few options which you can consider in order to get a personal loan in UAE<\/a> like, shares, houses and deposits. All these options are considered as a security by the bank to provide a loan. Many of us are not aware of these possibilities.<\/span><\/p>\n

Maybe interested: Top 10 Credit Cards in UAE<\/a><\/p>\n

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Finance on house\/property:<\/h2>\n

The most preferred option for everyone is getting a personal loan against your own house\/property which in other words known as a Mortgage loan. Personal loan against the house is provided on the basis of few factors like your annual salary or annual turnover if you are self-employed, then the market value of your property. Everyone tends to think the loan amount solely depends on the value of the property, which is wrong. The gross annual income plays an important role. Banks take your annual income into consideration and provide 4-6 times more than that. The final finance provided would be up to 65% of the market value of the property. <\/span><\/p>\n

Here\u2019s a list of banks providing mortgage loan in UAE: <\/strong><\/p>\n