Check Eligibility for Arab
Personal Loan

You are eligible to apply for a Arab
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 7500 required to apply for a Arab Personal Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Arab Personal Loan Calculator

Arab Bank Personal Loans in UAE

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.

Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.

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Check Eligibility for Arab Personal Loan

You are eligible to apply for a Arab
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 7500 required to apply for a Arab Personal Loan .

Click here to check loans from other banks.

Arab Personal Loan Calculator

Arab Personal Loan Details
Minimum Salary AED 7500 per month
Profit Rates Flat rate: 3.2% | Reducing rate: 5.99%
Maximum Loan Amount AED 730,000
Early Settlement Fees 1% of the outstanding amount
Arrangement Fees 1% of the outstanding amount
Tenure 48 months
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)

Features of Arab Personal Loan

The personal loans offered by Arab Bank are flexible, easy to apply and offer a host of benefits like:

  • Quick approvals and simple documentation
  • Online application of loans allowed
  • Maximum loan amount of up to AED 730,000
  • Loan repayment tenures up to 4 years
  • Loan buy out facility available
  • The loans are granted at highly competitive rates of interest
  • It offers a flexible repayment option
  • Grace period of up to 90 days during which no payment has to be made
  • There is a dedicated sales and service team available at your convenience

Fees and Charges

  • Processing fees for new loans / top ups of existing loans : 1% of the loan amount availed (Min. AED 500 and Max. AED 2500)
  • Deferment of instalment : AED 100 per deferment
  • Early settlement of loan : 1% of the outstanding amount
  • Rescheduling of loan : AED 250
  • Cancellation of loan : AED 100

Documents Required of Arab Personal Loan

  • Valid national ID and valid passport with valid Resident visa (for residents)
  • Recent utility bill in the name of the client e.g. electricity, telephone or rental contract
  • Latest Salary/Income/Employment verification document
  • Salary transfer letter
  • Bank statement of 6 months

Arab Personal Loan Interest rates

Arab Bank

1 Arab Bank Personal Loans

Personal Loan

Minimum Salary

AED 7.5K

Flat Rate

3.3%

Reducing Rate

5.99%

Loan Amount

AED 730K

Early Settlement Fee

1%

Arrangement Fee

1%

minimum salary

AED 7.5K

Minimum Salary

flat rate

3.3%

Flat Rate

reducing rate

5.99%

Reducing Rate

loan amount

AED 730K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Features

  • Repayment period is up to 4 years
  • The reduction rate and the flat rate is 5.99% and 3.3%. This denotes that the computation done was a division of the reduction rate by 1.814
  • The loan is provided for a interest rate of 5.99%
Apply Now

Features

  • Repayment period is up to 4 years
  • The loan is provided for a interest rate of 5.99%
  • Minimum salary of AED 7,500 is required
  • The reduction rate and the flat rate is 5.99% and 3.3%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is not mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 730000
  • Early settlement fee is 1% of finance amount
  • Takaful fee is 0.5% of the finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Arab bank provides loan boy-out facility
  • About 45 days grace period is provided by the bank
  • Loan application processing is fast
  • A dedicated manager will assist you all throughout the process
Apply Now
View Details

View details on bank page

Frequently Asked Questions

Q. Is processing fees same for new loans and top up loans?

A. Yes. Processing fees is same for both and charged at 1% of the loan amount.

Q. Should I be a salaried employee to avail this loan?

A. Yes. The applicant should be earning income to avail this personal loan.

Q. What’s the loan rescheduling fees of Arab Bank?

A. Loan rescheduling fees is charged at AED 250.

Q. Is early settlement fees same for new loans and balance transfer?

A. Yes. Early settlement fees is same and is charged at 1% of the remaining balance.

Q. What benefits I can avail using Arab Bank personal loan?

A. You can avail loan buyout facility, fast processing of loan, 45 days grace period.

Q. Should my employment get verified for applying this loan?

A. Yes. You need to have a latest salary or income or employment verification document to get this loan.

Q. I am expat of age 67. Can I apply for this loan?

A. No. Age limit for expats is 21-60 and 65 for UAE Nationals.

Q. What're the fees for the cancellation of a personal loan?

A. The cancellation fees are usually AED 100.

About Arab

With over 600 branches across five continents, Arab Bank is the largest global bank in UAE. It is headquartered in Amman, Jordan. Arab Bank is also present in key financial markets and centers such as London, Dubai, Singapore, Geneva, Paris, Frankfurt, Sydney, and Bahrain. The bank operates on the following pillars of values:

  • Trust
  • Commitment
  • Corporate responsibility
  • Service Excellence
  • Customer Focus
  • Empowerment
  • Teamwork
  • Transparency.

   Get in touch with Arab Customer Care

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