Personal Loan in UAE with Zero Processing Fees

Flat Rate

6%

Minimum Salary

AED 3000

Reducing Rate

11%

Max Loan Amount

AED 2000000

Early Settlement Fee

1%

flat-rate

6%

Flat Rate

minimum-salary

AED 3000

Minimum Salary

11%

Reducing Rate

loan-amount

AED 2000000

Max Loan Amount

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
Hide Explore

View details on bank page

Minimum Salary

AED 5000

Reducing Rate

5.99%

Max Loan Amount

AED 1500000

Early Settlement Fee

1%

minimum-salary

AED 5000

Minimum Salary

5.99%

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

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
  • Special Offer for UAE Nationals: Personal loan Interest rate loan starts from 5.69% to 19.9% reducing rate per annum & Also Auto Loan avail at flat rate of 2.55% per annum. T&Cs apply
  • For First job holders the Interest rate loan starts from 5.80%. Minimum salary required is AED 10,000 for this offer
Hide Explore

View details on bank page

Flat Rate

3%

Minimum Salary

AED 8000

Reducing Rate

6.75%

Max Loan Amount

AED 1000000

Early Settlement Fee

1%

flat-rate

3%

Flat Rate

minimum-salary

AED 8000

Minimum Salary

6.75%

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 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
Hide Explore

View details on bank page

Flat Rate

3.03%

Minimum Salary

AED 8000

Reducing Rate

5.5%

Max Loan Amount

AED 750000

Early Settlement Fee

1%

flat-rate

3.03%

Flat Rate

minimum-salary

AED 8000

Minimum Salary

5.5%

Reducing Rate

loan-amount

AED 750000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

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
Hide Explore

View details on bank page

Minimum Salary

AED 7500

Reducing Rate

7.24%

Max Loan Amount

AED 1000000

Early Settlement Fee

1%

minimum-salary

AED 7500

Minimum Salary

7.24%

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

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

3.03%

Minimum Salary

AED 5000

Reducing Rate

5.69%

Max Loan Amount

AED 2000000

Early Settlement Fee

1%

flat-rate

3.03%

Flat Rate

minimum-salary

AED 5000

Minimum Salary

5.69%

Reducing Rate

loan-amount

AED 2000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

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 an interest rate of 5.69%

Features

  • Repayment period is up to 4 years
  • The loan is provided for an interest rate of 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 2,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Expats can get up to AED 2,000,000 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
  • The repayment period is long
Hide Explore

View details on bank page

Flat Rate

3.99%

Minimum Salary

AED 10000

Reducing Rate

7.34%

Max Loan Amount

AED 2000000

Early Settlement Fee

1%

flat-rate

3.99%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

7.34%

Reducing Rate

loan-amount

AED 2000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

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% 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

3.57%

Minimum Salary

AED 7000

Reducing Rate

6.49%

Max Loan Amount

AED 1000000

Early Settlement Fee

1%

flat-rate

3.57%

Flat Rate

minimum-salary

AED 7000

Minimum Salary

6.49%

Reducing Rate

loan-amount

AED 1000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • 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% of finance amount
  • Arrangement fee is 1% 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
Hide Explore

View details on bank page

Flat Rate

2.19%

Minimum Salary

AED 7000

Reducing Rate

6.95%

Max Loan Amount

AED 2000000

Early Settlement Fee

1.05%

flat-rate

2.19%

Flat Rate

minimum-salary

AED 7000

Minimum Salary

6.95%

Reducing Rate

loan-amount

AED 2000000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Advantages

  • Personal life insurance coverage is provided
  • Quick approval

Benefits

  • Quick approval
  • Hassle free documentation
  • Comprehensive personal life insurance coverage

Benefits

  • Quick approval
  • Hassle free documentation
  • Comprehensive personal life insurance coverage
Hide Explore

View details on bank page

Flat Rate

6%

Minimum Salary

AED 3000

Reducing Rate

11%

Max Loan Amount

AED 4000000

Early Settlement Fee

1%

flat-rate

6%

Flat Rate

minimum-salary

AED 3000

Minimum Salary

11%

Reducing Rate

loan-amount

AED 4000000

Max Loan Amount

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
  • Eligible for UAE nationals
Hide Explore

View details on bank page

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. 


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 LoanMinimum Salary

Profit Rate

(Onwards)

Maximum Finance Amount
ADIB Education FinanceAED 80007.25%AED 2500K
ADIB Goods MurhabaAED 80007.25%AED 3000K
ADIB Travel FinanceAED 80007.25%AED 250K
ADIB Boat FinanceAED 80007.25%AED 3000K

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.