Personal Loan for Expats in UAE

Minimum Salary

Interest Rate

Loan Amount

Reducing Rate

Personal loan for Expats

Expats in UAE are eligible to get a personal loan from banks. Even though the features on the loan differ from Expats and UAE Nationals, there are several banks providing personal loans with no collateral requirement and on high benefits.


  • The maximum loan amount can be availed is AED 4500K
  • A minimum salary of AED 3000 is required(varies with banks)
  • The maximum loan amount that is approved depends on the applicant’s monthly income
  • The interest rate provided on the loan varies from 2.19% - 14%(varies with banks and loan type)
  • The maximum tenure provided on the loan is 4 years


  • The loan applicant must have a monthly minimum income of AED 3000 - AED 10000
  • Must be a UAE Resident
  • Expats must be of age 21-60 years
  • Should be a Salaried individual or Self employed
  • Service in work must be more than 6 months in UAE
  • At few banks salary transfer to their bank account is mandatory
  • Debt to Burden Ratio should be more than 50%
  • Good credit score

Documents Required

  • Resident Visa for validation
  • Passport for validation
  • Emirates ID
  • Address Proofs(Utility bills)
  • Salary Certificate(For salaried expats)
  • Trade Licence(For Self Employed expats)
  • 6 months bank statements(Where salary is transferred to)


Q. Is Emirates ID mandatory?

A. Yes, for a personal loan in UAE, Emirates ID is a mandatory document.

Q. I didn’t get my Emirates ID yet. Can I apply for a loan?

A. Few banks approve the Emirates ID application form. You may verify with the banks before filling the application form.

Q. I’m not a UAE resident. Am I eligible for a personal loan in UAE?

A. No, for a personal loan in UAE only UAE residents with valid documents are eligible.

Q. What are the benefits provided on the personal loan for expats?

A. The benefits provided on a personal loan are a free debit card, credit card, cheque book, insurance and much more which varies with each bank.

Q. How do I know my Debt to Burden ratio?

A. You can calculate your debt to burden ratio using ourDebt Burden Ratio Calculator

Q. Can I cancel my loan after approval?

A. Yes, you can cancel your loan after approval but cancellation charges are levied.

Q. How long will it take to approve the loan?

A. Loan processing time varies with each bank which may be around 1 - 7 days.

Q. Can I get a personal loan for travel?

A. Yes, you can get a personal loan for travel.

Q. Do I need to submit my original documents?

A. Original documents should be provided for validation and copy of original documents should be submitted along with the loan application form.

Q. Should I get a guarantor for the loan?

A. Most of the banks provide personal loan without any guarantor.