Personal Loans in UAE for UAE Nationals

Minimum Salary

AED 5000

Reducing Rate

3.99%

Max Loan Amount

AED 1500000

Early Settlement Fee

1%

minimum-salary

AED 5000

Minimum Salary

3.99%

Reducing Rate

loan-amount

AED 1500000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Free credit card on 0 annual fees
  • Free debit card & cheque book
  • Low minimum salary requirement

Overview

  • Provides finance on a low salary
  • Can top-up existing loan to original loan amount after one year of loan
  • Can defer one year installment for free on paying installments regularly for 6 months
Apply Now

Overview

  • Provides finance on a low salary
  • Can top-up existing loan to original loan amount after one year of loan
  • Can defer one year installment for free on paying installments regularly for 6 months
  • Free cheque book and debit card is provided
  • Can get free RAK bank credit card of 0 annual fees
  • Provide life insurance on nominal charges
  • Can avail debt consolidation facility
  • Salary transfer to RAK bank account is compulsory
Hide Explore

View details on bank page

Flat Rate

3%

Minimum Salary

AED 8000

Reducing Rate

5.44%

Max Loan Amount

AED 1000000

Early Settlement Fee

1%

flat-rate

3%

Flat Rate

minimum-salary

AED 8000

Minimum Salary

5.44%

Reducing Rate

loan-amount

AED 1000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Free rewards credit card
  • Overdraft facility on current account
  • Phone banking facility

Features

  • Repayment period is up to 4 years
  • The reduction rate and the flat rate is 5.44% and 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 5.44%
Apply Now

Features

  • Repayment period is up to 4 years
  • The loan is provided for a interest rate of 5.44%
  • Minimum salary of AED 8000 is required
  • The reduction rate and the flat rate is 5.44% and 3%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 1,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • High Finance amount is provided by the bank
  • Along with this loan free credit card is offered
  • Provides insurance coverage for permanent disability and death
Hide Explore

View details on bank page

Minimum Salary

AED 7500

Reducing Rate

5.99%

Max Loan Amount

AED 1000000

Early Settlement Fee

1%

minimum-salary

AED 7500

Minimum Salary

5.99%

Reducing Rate

loan-amount

AED 1000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Credit life insurance is not mandatory
  • Quick processing & approval
  • Flexible tenure

Benefits

  • Applicants can get up to AED 1,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme Finance buy-out facility is also provided with this loan
Apply Now

Benefits

  • Applicants can get up to AED 1,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme Finance buy-out facility is also provided with this loan
  • Determent facility available - maximum 2 times a year without additional profit
Hide Explore

View details on bank page

Flat Rate

3.72%

Minimum Salary

AED 10000

Reducing Rate

6.75%

Max Loan Amount

AED 3000000

Early Settlement Fee

1%

flat-rate

3.72%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

6.75%

Reducing Rate

loan-amount

AED 3000000

Max Loan Amount

arrangement-fee

0%

Arrangement Fee

Advantages

  • No processing fees
  • Free ADIB Booking.com Signature Card
  • Can postpone 2 installments per year

Overview

  • No processing fees are charged </li>
  • Can postpone loan installments without any charges getting levied
  • Should submit latest bank statements
Apply Now

Overview

  • No processing fees are charged
  • Can postpone loan installments without any charges getting levied
  • Should submit latest bank statements
  • Can get grace period before paying the first installment
  • High loan amount can be availed
  • Salary transfer is mandatory
  • Provides a free credit card with no annual fees in the first year
Hide Explore

View details on bank page

Minimum Salary

AED 5000

Reducing Rate

4.49%

Max Loan Amount

AED 1500000

Early Settlement Fee

1.05%

minimum-salary

AED 5000

Minimum Salary

4.49%

Reducing Rate

loan-amount

AED 1500000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Advantages

  • Free ADCB Credit Card
  • Free Credit life insurance
  • Salary overdraft up to 3 times

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The loan is provided for an interest rate of 4.49%
Apply Now

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The loan is provided for an interest rate of 4.49%
  • Minimum salary of AED 5000 is required
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 1500000
  • Early settlement fee is 1.05% of the finance amount
  • Takaful fee is 1.05% of the finance amount
  • Arrangement fee is 1.05% of loan amount

Benefits

  • For every AED 1000 of your insurance amount can earn ADCB TouchPoints
  • Documentation is simple
  • High finance amount is offered
  • Availability of consolidation of loans
  • Free ADCB Credit Card will be provided along with this scheme
  • Free Credit Life Insurance will be provided along with this scheme
Hide Explore

View details on bank page

Flat Rate

2.99%

Minimum Salary

AED 10000

Reducing Rate

5.5%

Max Loan Amount

AED 4000000

Early Settlement Fee

1%

flat-rate

2.99%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

5.5%

Reducing Rate

loan-amount

AED 4000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Free Credit Card
  • Only 1 month salary transfer is required

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The reduction rate and the flat rate is 5.5% and 2.99%.
Apply Now

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The loan is provided for a interest rate of 5.5%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 5.5% and 2.99%.
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 4,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Free Credit Card is provided along with this scheme
  • For the first year free of annual fee
  • Repayment period is long
  • Low minimum salary requirement is there for this scheme
Hide Explore

View details on bank page

Flat Rate

2.75%

Minimum Salary

AED 5000

Reducing Rate

4.99%

Max Loan Amount

AED 3000000

Early Settlement Fee

1%

flat-rate

2.75%

Flat Rate

minimum-salary

AED 5000

Minimum Salary

4.99%

Reducing Rate

loan-amount

AED 3000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Free takaful insurance
  • High loan amount

Features

  • You are provided with an option to buy-out your present personal finance
  • There are no hidden charges
  • The reduction rate and the flat rate is 4.99% and 2.75%. This denotes that the computation done was a division of the reduction rate by 1.814
Apply Now

Features

  • You are provided with an option to buy-out your present personal finance
  • There are no hidden charges
  • The loan is provided for a interest rate of 4.99%
  • Minimum salary of AED 5,000 is required
  • The reduction rate and the flat rate is 4.99% and 2.75%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary
  • Finance up to AED 3,000,000
  • Early settlement fee is 1% of the loan amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 3,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Provides free Takaful insurance along with this scheme
Hide Explore

View details on bank page

Minimum Salary

AED 10000

Reducing Rate

5%

Max Loan Amount

AED 4000000

Early Settlement Fee

1.05%

minimum-salary

AED 10000

Minimum Salary

5%

Reducing Rate

loan-amount

AED 4000000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The profit rate starts at 5%
Apply Now

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The profit rate starts at 5%
  • Minimum salary of AED 10,000 is required
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 4,000,000
  • Early settlement fee is 1.05% of the finance amount
  • Takaful fee is 1.05% of the finance amount
  • Arrangement fee is 1.05% of loan amount

Benefits

  • Get 300 touchpoints on every AED 1000 of the finance provided
  • Documentation is simple
  • High finance amount is offered
  • Takaful insurance coverage is provided
  • Free ADCB Islamic banking credit card is provided
  • Get 50% OFF on processing fee on applying for the account through ADCB Hayyak App. Also, avail 50,000 Touchpoints on the approval.
Hide Explore

View details on bank page

Flat Rate

3.3%

Minimum Salary

AED 10000

Reducing Rate

5.99%

Max Loan Amount

AED 3000000

Early Settlement Fee

1%

flat-rate

3.3%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

5.99%

Reducing Rate

loan-amount

AED 3000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • High loan amount
  • Simple documentation
  • Can avail top-up facility

Benefits

  • Applicants can get up to AED 3,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
Apply Now

Benefits

  • Applicants can get up to AED 3,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Availability of Islamic Finance option
Hide Explore

View details on bank page

Flat Rate

2.77%

Minimum Salary

AED 10000

Reducing Rate

5.24%

Max Loan Amount

AED 600000

Early Settlement Fee

1%

flat-rate

2.77%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

5.24%

Reducing Rate

loan-amount

AED 600000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • New to employment/UAE can apply
  • Can skip 2 consecutive installments
  • Free debit card

Features

  • Repayment period is up to 4 years
  • The reduction rate and the flat rate is 5.24% and 2.77%
  • The loan is provided for a interest rate of 5.24%
Apply Now

Features

  • Repayment period is up to 4 years
  • The loan is provided for a interest rate of 5.24%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 5.24% and 2.77%
  • Salary transfer is mandatory
  • Finance up to AED 600,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 600,000 loan amount
  • Around 560 ATMs of the Emirates NBD are there around the UAE
  • New Employees can also apply for this scheme
  • You can miss up to two non-consecutive installments per year
  • Free Debit Card and bank account is provided along with this scheme
  • Repayment period is long
  • Both Expats and UAE Nationals can apply for this scheme
  • Documentation is simple and easy
Hide Explore

View details on bank page

Personal Loans for UAE Nationals

Personal Loans are provided on competitive profit rates by several banks and financial institutes in the UAE region. The loan applicant has to meet the eligibility criteria and submit the required documents to get a personal loan in the UAE. The finance amount provided for UAE nationals is high and there is no collateral requirement being an unsecured type of loan. Several banks in the UAE provide personal loans for UAE. To find the best one that suits your preferred rates you need to compare personal loans and select the right one.


Top 10 Personal Loans for UAE nationals


Personal LoanMinimum SalaryLoan AmountInterest Rate(onwards)Benefits
ADIB Personal Finance for UAE NationalsAED 8000AED 3000K3.72%Free credit card and No processing fees
RAK Bank Personal LoanAED 3000AED 1500K2.75%Free Credit Card is provided
CBI Personal LoanAED 8000AED 1000K3%Free Rewards Credit Card is provided
ADCB Personal Loan for UAE Nationals AED 10,000AED 1500K2.89%Free Credit Card
Emirates NBD Personal Cash LoanAED 6000AED 800K4.86%Salary transfer is not required
Mashreq Personal Loan for UAE NationalsAED 10,000AED 3000K3.3%High finance is provided
National Bank of Fujairah Personal FinanceAED 10,000AED 3000K2.75%Free takaful coverage is provided
FAB Personal Loan for UAE NationalsAED 7000AED 5000K5.12%High finance amount
Dubai Islamic Bank Liability Settlement Finance for UAE NationalsAED 10,000AED 4000K6.06%High finance amount
Emirates Islamic Personal Finance for UAE NationalsAED 5000AED 4000K2.99%Free Credit Card


Eligibility of Personal loans for UAE Nationals

The basic eligibility criteria for nationals to get a personal loan in UAE are, 

  • Minimum salary: AED 3000 
  • Minimum age requirement: 21 years 
  • Maximum age: 65 years(at the end of the loan tenure)  
  • Salaried and Self-employed individuals are eligible 
  • Employment status: Length of service at the current employer must be 6 months or must have a confirm employment letter 
  • Salary transfer: Salary transfer criterion depends upon the bank and the applicant’s profile
  • Employment company must be listed with the bank

Documents Required for UAE Nationals

The basic documents required for UAE nationals for a personal loan are, 

  • Identity Proofs - Emirates ID 
  • Employment Proofs - Salary certificate, Salary transfer letter, 3-6 months bank statements 
  • Trade Licence for Self Employed individuals 

Banks request for more documents which vary with each applicant. 


Features of a Personal loan for Nationals in UAE

  • Maximum Loan Amount: Though the maximum loan UAE nationals can get depends upon the applicant’s monthly income, credit report, DBR, etc, AED 5000K is the maximum finance that is provided.  
  • Profit Rate: The profit rates charged starts from 1.62% (Flat rate) and 2.94% (reducing rate)
  • Processing Fees: The processing fees offered are 0% - 2% 
  • Early Settlement Fees: The Early settlement fees offered ranges between 0% - 2%
  • Islamic Finance: Most of the banks in the UAE offers both Islamic finance and conventional finance options
  • Tenure: The maximum tenure provided is 4 years. 

Benefits of a Personal loan for Nationals in UAE

Banks provide personal loans with some perks that are beneficial for the applicant. Like

  • No processing fees 
  • No early settlement fees 
  • Free credit card on the loan
  • Free Debit Card on the loan 
  • Can skip loan installments 
  • Free takaful coverage can be availed 

FAQs

⭐ What are the charges levied for takaful coverage on the personal loan?

A. The charges levied for takaful coverage on a personal loan is up to 2%. Some banks offer free takaful coverage on the loan as well.

⭐ Can I get my personal loan tenure extended?

A. Yes. If the bank agrees to extend your loan tenure which is called refinancing, you can get your personal loan tenure extended.

⭐ Is it mandatory to transfer the salary for the personal loan?

A. At most of the banks in the UAE, it is mandatory to transfer the salary to get a personal loan. However, there are banks that offer personal loans without salary transfer.

Ask questions and share your comments

We encourage our users to have discussion on questions they might have on financial products and help other users by sharing their insights. Kindly help us in making this site useful. We don't encourage any spam posts here. This is a public forum, so we request you to be safe by not disclosing personal information such as bank account or phone numbers etc. Please follow our posting guidelines.The comments will be reviewed and answered by MyMoneySouq.

Show/Post Comments