Emirates Islamic Bank Personal Loan Eligibility

Minimum Salary

Interest Rate

Loan Amount

Reducing Rate

Emirates Islamic Bank

Emirates Islamic Bank follows Islamic banking principles. It provides personal loan for reasonable profit rates on quick and hassle-free documentation.

Eligibility criteria for Emirates Islamic Bank

  • Minimum salary of AED 5000 is required.
  • Both UAE Nationals and Expats are eligible.
  • Even self-employed individuals are eligible.

What influences Eligibility?

  • Credit history- Your previous or existing loans and credit cards can affect your current loan approval. Low credit score applications can be rejected.
  • Length of service- If no minimum 6 months of duration at work, the bank may reject your loan application.
  • Debt to Burden Ratio- DBR should be maintained low i.e below 50% is preferred by the banks to approve the loan.
  • Monthly income- If your monthly income is less than AED 5000 then the bank doesn’t approve your loan.
  • Age- Age limit of 21-65 yrs is mandatory. Minors below 21 yrs and senior citizens above 65 years (Expats above 60 years) are not eligible.
  • Documents- Documents like Salary certificate, Passport, Emirates ID, Trade license (If Self employed) are mandatory.
    1. Salary Certificate- Salary Certificate is a mandatory document for any kind of finance as it is a proof of your work and an employment in a company. Bank can ask for a salary certificate or salary certificate letter.
    2. Emirates ID- Emirates ID is a proof to confirm your identity. Without Emirates ID banks do not approve the loan.
    3. Trade License- For the self-employed individuals trade license is a mandatory document.

Tips to improve the chances of loan approval

  • Make sure you meet the age limit.
  • Pay your current loans or credit card bills on time so that it won’t disturb your credit score.
  • Maintain all the required mandatory documents.
  • Don’t take more than required finance.
  • It is preferable to go for maximum tenures.


Q. What is the minimum length of service required?

A. Minimum 1 month of duration at work or first-month salary transfer to the Emirates Islamic bank account is required.

Q. What are the additional benefits provided?

A. FreeEmirates Islamic Bank Credit Cardwill be provided.

Q. How many months bank statements are required?

A. Minimum 3 months bank statements are required.

Q. What is the annual fee charged on the credit card provided?

A. The annual fees on the credit card provided is zero for the first year.

Check the list of Emirates Islamic Bank Personal loans.