Personal Loan in UAE with Zero Processing Fees
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Advantages
- Finance is based on Sharia principles
- Quick processing
- High loan amount
Overview
- Can settle existing debts
- Only expats are eligible
- Salary transfer is mandatory
Overview
- Can settle existing debts
- Only expats are eligible
- Salary transfer is mandatory
- Can get finance based on sharia principles
- Interest rates are based on the applicant’s profile
Explore
Hide ExploreAdvantages
- Flexible tenure
- Quick processing
- High finance
Features
- Length of service should be minimum 6 months
- Need to provide salary transfer letter in Mashreq format
- Only Expats can apply for this scheme
Features
- Length of service should be minimum 6 months
- Need to provide salary transfer letter in Mashreq format
- Only Expats can apply for this scheme
- The loan is provided for a interest rate of 6.49%
- Minimum salary of AED 7,000 is required for an approved company. For non-listed companies, AED 10,000 is required.
- The reduction rate and the flat rate is 6.49% and 3.57%. 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 1.05% of finance amount
- Arrangement fee is 1.05% of loan amount
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
- Credit Card, Cheque book and debit card is provided free along with this scheme
- Applicants can get finance for non-listed companies in UAE too
Advantages
- Personal life insurance coverage is provided
- Quick approval
Benefits
- Comprehensive personal life insurance coverage
- You can achieve financial goals with FAB personal loan by enjoying the best interest rates which start at 5.34 percent per year
- Get the privilege of flexible repayment with 120 days first installment grace period.
Benefits
- Comprehensive personal life insurance coverage
- You can achieve financial goals with FAB personal loan by enjoying the best interest rates which start at 5.34 percent per year
- Get the privilege of flexible repayment with 120 days first installment grace period.
- Enjoy quick and easy approvals with hassle free documents.
- Get up to AED 7,500 FAB rewards when you transfer salary to FAB account holding FAB credit card
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 6.75% 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 6.75%
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 6.75%
- Minimum salary of AED 8000 is required
- The reduction rate and the flat rate is 6.75% 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
Advantages
- Free debit card
- Current account with no minimum balance
- Can avail top-up facility
Features
- Repayment period is up to 4 years
- The reduction rate and the flat rate is 5.5% and 3.03%. 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 5.5%
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 5.5%
- Minimum salary of AED 8,000 is required
- The reduction rate and the flat rate is 5.5% and 3.03%. 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 750,000
- Early settlement fee is 1% of finance amount
- Takaful fee is 0.82% of the finance amount
- Arrangement fee is 1% of loan amount
Benefits
- High Finance amount is provided by the bank
- Availability of buy-out facility
- Determent facility available - maximum 2 times a year without additional profit
- Free Debit Card is provided along with this scheme
- Free Current Account is provided along with this scheme with no minimum balance requirement
Advantages
- Credit life insurance is not mandatory
- Quick processing & approval
- Flexible tenure
Overview
- HSBC Bank provides personal loans which offer flexible repayment plans. A personalized interest rate which is best suited for your needs. There is no credit life insurance required and you can get a top up loan when you require it.
Overview
- HSBC Bank provides personal loans which offer flexible repayment plans. A personalized interest rate which is best suited for your needs. There is no credit life insurance required and you can get a top up loan when you require it.
Advantages
- Free Credit Card
- Low processing fees
- Only 1 month salary transfer is required
Features
- Repayment period is up to 4 years
- The flat rate and the reduction rate is 3.99% and 7.34%.
- The loan is provided for a interest rate of 7.34%
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 7.34%
- Minimum salary of AED 10,000 is required
- The flat rate and the reduction rate is 3.99% and 7.34%.
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 2,000,000
- Early settlement fee is 1.05% 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
Advantages
- Free 0 balance account
- Low interest rates
- High finance amount
Features
- Repayment period is up to 4 years
- The reduction rate and the flat rate is 5.69% and 3.03%.
- The loan is provided for competitive interest rates & starting from 5.69%
Features
- Repayment period is up to 4 years
- The loan is provided for competitive interest rates & starting from 5.69%
- Minimum salary of AED 5000 is required
- The reduction rate and the flat rate is 5.69% and 3.03%.
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 3,000,000
- Early settlement fee is 1.05% of finance amount
- Arrangement fee is 1.05% of loan amount
Benefits
- Expats can get up to AED 3,000,000 loan amount
- Get a zero-balance account
- Get a Free Miles or points credit card
- Around 560 ATMs of the Emirates NBD are there around the UAE
- New Employees can also apply for this scheme
- Initial payment postponement extends for a maximum of 60 days.
- You can miss up to two non-consecutive installments per year
- Free Debit Card and bank account is provided along with this scheme
- The repayment period is long
Advantages
- Finance for sharia-compliant services
- High finance
Overview
- Provides finance to fund services
- Services include: Rent in advance, wedding, education, travel finance, etc that are sharia approved
- Can get the high loan amount
Overview
- Provides finance to fund services
- Services include: Rent in advance, wedding, education, travel finance, etc that are sharia approved
- Can get the high loan amount
- Low salary requirement
- Longer tenure is provided
- Hassle-free documentation
- Expats are eligible
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 5.99% and 2.75%. This denotes that the computation done was a division of the reduction rate by 1.814
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 5.99%
- Minimum salary of AED 5,000 is required
- The reduction rate and the flat rate is 5.99% 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
Personal Loans in UAE
A personal loan is an unsecured type of loan. It is offered to UAE nationals and expats in the UAE.
Banks offer several benefits on a personal loan in UAE like free credit cards, debit cards, installment holidays, and much more. Amongst several benefits, the ZERO processing fee is also a key benefit provided on a personal loan.
Usually, when applied for a personal loan, 1% - 2% of the loan amount is charged as a processing fee or arrangement fee on the loan. Some banks offer personal loans for zero/ low processing fees.
General steps How to find a personal loan with Zero Processing Fee?
In the UAE, options for personal loans without processing fees are limited. While many providers impose a minimum processing fee, there are at least few institutions that offer personal loans without this charge. Below are a few things that you should consider on personal loans with zero processing fees.
Interest Rates:
The interest rate on your loan is largely determined by your creditworthiness. A strong credit score typically qualifies you for more favorable rates, while a lower score may result in higher interest charges.
Repayment Period:
Personal loan terms generally span from 1 to 5 years, but this can vary by lender. Some lenders offer flexible repayment options, allowing you to select a term that aligns with your financial situation.
Loan amount:
The loan amount you choose has a direct impact on your interest rate, the available loan terms (such as the duration), and any potential fees.
Therefore, it's important to determine exactly how much you need to borrow. Avoid borrowing more than necessary, as a larger loan amount could mean a longer repayment term is required to keep your monthly payments manageable.
Foreclosure charges
Foreclosure charges, or prepayment penalties, are fees lenders assess when a borrower repays a loan early. These fees compensate the lender for the anticipated interest income they would have received if the loan had been held for its entire term.
Hidden charges
Banks/financial institutions often include hidden costs within their loan agreements, which can unfortunately increase a borrower's EMI payments if there's a default or another issue. To avoid unexpected charges, it's crucial to carefully review all the fine print before signing any loan documents. These charges may be included in documentation, late fees, prepayment penalties, duplicate statements, ACH auto payments, cancellation charges and others.
Personal Loans in UAE with Zero Processing fees
ADIB Personal Loan in UAE
ADIB offers personal loans for NO processing/ arrangement charges on the loan.
| ADIB Personal Loan | Minimum Salary | Profit Rate (Onwards) | Maximum Finance Amount |
| ADIB Education Finance | AED 8000 | 7.25% | AED 2500K |
| ADIB Goods Murhaba | AED 8000 | 7.25% | AED 3000K |
| ADIB Travel Finance | AED 8000 | 7.25% | AED 250K |
| ADIB Boat Finance | AED 8000 | 7.25% | AED 3000K |
HSBC Personal Loan
A personal loan could be a great way to fund your upcoming home improvements or that dream vacation you’ve been planning. Apply today, and let's turn those "to-do’s" into "dont’s." Below is the representative example
Get an HSBC Personal Loan with zero processing fees if you apply by April 25, 2025!
| HSBC Personal Loan | Minimum Salary | Profit Rate (Onwards) | Maximum Finance Amount |
| HSBC Personal Loan | AED 7,500 | 7% | AED 150K |
FAQs
⭐ Are both expats and UAE nationals eligible for NO processing fees on ADIB finance?
A. Yes. Both expats and UAE nationals are eligible for NO processing fees.
⭐ What is the maximum tenure provided on the Zero processing fee ADIB loan?
A. The maximum tenure provided on the Zero processing fee personal loan is 4 years.
⭐ Can I get a pre-approval for the ADIB loan?
A. Yes. ADIB offers pre-approval facility for the loan.
⭐ What are the other benefits provided on ADIB personal finance?
A. ADIB offers a free credit card on Personal Finance. Check ADIB Personal Loans in UAE for more details.