No Salary Transfer Personal loan in UAE

Flat Rate

11.51%

Minimum Salary

AED 25000

Reducing Rate

19.99%

Max Loan Amount

AED 300000

Early Settlement Fee

1%

flat-rate

11.51%

Flat Rate

minimum-salary

AED 25000

Minimum Salary

19.99%

Reducing Rate

loan-amount

AED 300000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Features

  • Repayment period is up to 4 years
  • The reduction rate and the flat rate is 19.99% and 11.51%. 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 19.99%
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Features

  • Repayment period is up to 4 years
  • The loan is provided for a interest rate of 19.99%
  • Minimum salary of AED 25,000 is required
  • The reduction rate and the flat rate is 19.99% and 11.51%. This denotes that the computation done was a division of the reduction rate by 1.814
  • Salary transfer is not mandatory to apply for this scheme
  • Finance up to AED 300,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 300,000 loan amount
  • Around 560 ATMs of the Emirates NBD are there around the UAE
  • Repayment period is long
  • Both Expats and UAE Nationals can apply for this scheme
  • Documentation is simple and easy
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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
Apply Now

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
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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 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
Apply Now

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
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Flat Rate

7.9%

Minimum Salary

AED 10000

Reducing Rate

14.99%

Max Loan Amount

AED 500000

Early Settlement Fee

1%

flat-rate

7.9%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

14.99%

Reducing Rate

loan-amount

AED 500000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • No salary transfer
  • High Finance
  • Double Insurance coverage

Features

  • Repayment period is up to 4 years
  • The reduction rate and the flat rate is 14.99% and 7.9%. This denotes that the computation done was a division of the reduction rate by 1.87
  • The loan is provided for a interest rate of 14.99%
Apply Now

Features

  • Repayment period is up to 4 years
  • The loan is provided for a interest rate of 14.99%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 14.99% and 7.9%. This denotes that the computation done was a division of the reduction rate by 1.87
  • It is not mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 500,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Both Expats and UAE Nationals can get up to AED 500,000 loan amount
  • Around 560 ATMs of the Emirates NBD are there around the UAE
  • 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
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Flat Rate

7.8%

Minimum Salary

AED 8000

Reducing Rate

14%

Max Loan Amount

AED 175000

Early Settlement Fee

1%

flat-rate

7.8%

Flat Rate

minimum-salary

AED 8000

Minimum Salary

14%

Reducing Rate

loan-amount

AED 175000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Features

  • Loan repayment period is up to 48 months
  • The rate is calculated on a reducing basis and varies between 14% and 23% depending on customer income and loan amount
  • You require a minimum salary of AED 8,000 per month to be eligible
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Features

  • Loan repayment period is up to 48 months
  • The rate is calculated on a reducing basis and varies between 14% and 23% depending on customer income and loan amount
  • You require a minimum salary of AED 8,000 per month to be eligible
  • It is not a requirement to transfer your salary to apply
  • Maximum loan amount of AED 175,000
  • 1% of outstanding principal is charged as Early Settlement fee
  • Insurance is optional
  • 1% of loan amount [Min AED500; Max AED2500] is charged as arrangement fee

Benefits

  • No salary transfer required
  • High Loan amounts up to AED 175,000
  • Top up loan after 9 months
  • Fast approvals
  • Apply online from the comfort of your own home
  • In principle approval in 10 minutes and get a decision in 24 hours
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Flat Rate

3.14%

Minimum Salary

AED 5000

Reducing Rate

5.69%

Max Loan Amount

AED 2500000

Early Settlement Fee

1%

flat-rate

3.14%

Flat Rate

minimum-salary

AED 5000

Minimum Salary

5.69%

Reducing Rate

loan-amount

AED 2500000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply
  • The reduction rate and the flat rate is 5.69% and 3.14%. This denotes that the computation done was a division of the reduction rate by 1.814
Apply Now

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply
  • The loan is provided for an interest rate of 5.69%
  • Minimum salary of AED 5,000 is required
  • The reduction rate and the flat rate is 5.69% and 3.14%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is not mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 2,500,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Can get up to AED 2,500,000 loan amount
  • Repayment period is long
  • They provide finance against goods
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Flat Rate

4.13%

Minimum Salary

AED 8000

Reducing Rate

7.5%

Max Loan Amount

AED 3000000

Early Settlement Fee

1%

flat-rate

4.13%

Flat Rate

minimum-salary

AED 8000

Minimum Salary

7.5%

Reducing Rate

loan-amount

AED 3000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Features

  • Required to submit bank account details for last 3 months
  • Minimum age of 21 years is required
  • Length of service should be confirmed or should have worked 6 months before applying for this scheme
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Features

  • Required to submit bank account details for last 3 months
  • Minimum age of 21 years is required
  • Length of service should be confirmed or should have worked 6 months before applying for this scheme
  • Finance repayment period is upto 48 months
  • The rates applicable depend on salary ​​
  • Copy of passport is required (with residence visa)
  • The loan is provided for a interest rate of 7.5%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 7.5% and 4.13%. This denotes that the computation done was a division of the reduction rate by 1.815
  • It is not required to transfer your salary to apply
  • Finance upto AED 3000000
  • The early settlement fee is 1% of the outstanding amount to date
  • Arrangement fee is 1% of loan amount

Benefits

  • Quick processing
  • Simple documentation
  • Pre-approved credit card with lifestyle benefits
  • Repaying tenor of upto 4 years
  • Low minimum salary requirement
  • Takaful is offered free of cost
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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

  • Provides finance for sharia compliant goods
  • High loan amount
  • Low salary requirement

Overview

  • Provides finance to purchase goods
  • Can get finance to purchase electronics, furniture, boat, jet skies, etc. and also sharia-compliant goods will be funded
  • Maximum finance approved will be dependent on the applicant’s profile
Apply Now

Overview

  • Provides finance to purchase goods
  • Can get finance to purchase electronics, furniture, boat, jet skies, etc. and also sharia-compliant goods will be funded
  • Maximum finance approved will be dependent on the applicant’s profile
  • Provides finance for a low salary requirement
  • Expats are eligible
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Flat Rate

8%

Minimum Salary

AED 10000

Reducing Rate

14.64%

Max Loan Amount

AED 100000

Early Settlement Fee

AED 0

flat-rate

8%

Flat Rate

minimum-salary

AED 10000

Minimum Salary

14.64%

Reducing Rate

loan-amount

AED 100000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Features

  • Get finance amount within three working days
  • The reduction rate and the flat rate is 14.64% and 8%. This denotes that the computation done was a division of the reduction rate by 1.83
  • The loan is provided for a interest rate of 14.64%
Apply Now

Features

  • Get finance amount within three working days
  • The loan is provided for a interest rate of 14.64%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 14.64% and 8%. This denotes that the computation done was a division of the reduction rate by 1.83
  • It is not mandatory to transfer your salary
  • Finance up to AED 100,000
  • Early settlement fee is AED 0
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 100,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • There is no early settlement fee
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Minimum Salary

AED 5000

Reducing Rate

15.99%

Early Settlement Fee

1.05%

minimum-salary

AED 5000

Minimum Salary

15.99%

Reducing Rate

arrangement-fee

1%

Arrangement Fee

Features

  • Quick and hassle-free documentation
  • Can get pre-approval for the loan
  • The maximum tenure of 4 years is provided
Apply Now

Features

  • Quick and hassle-free documentation
  • Can get pre-approval for the loan
  • The maximum tenure of 4 years is provided
  • Interest rate starts from 15.99% to 34.99% per annum
  • A minimum salary of AED 5000 is required

Benefits

  • Salary transfer is not mandatory
  • Provides high loan amount
  • Affordable monthly installments
  • Quick processing of the loan
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Personal Loan in UAE

The eligibility criteria for a personal loan in UAE involves several things amongst which salary transfer is mandatory at most of the banks. As personal loans are provided on no collateral banks expect the loan applicants to transfer salary to their respective bank accounts. This is basically to reduce the risk in getting the owed funds back.

But there are several banks understanding the need of the customers and providing a personal loan in UAE without salary transfer. This kind of loans are approved on low limitations but the rates and charges involved can vary when compared to the borrower who is transferring his salary.


Eligibility

The basic eligibility criteria for a personal loan without salary transfer are, 

FeaturesEligibility for NO salary transfer loan 
Minimum Salary AED 5000
Age21 - 60 years
NationalityExpats & UAE Nationals 
Length of WorkMinimum 6 months to 1 year of service 


Documents Required

  • 3-6 months bank statements
  • Security cheques in the favor of the bank
  • Salary Certificate
  • ID Proofs like Emirates ID
  • Passport
  • Resident Visa
  • Address proofs(utility bills)

Additional documents may be requested by banks

FAQs

⭐ Are expats eligible for a personal loan without salary transfer?

A. Yes, expats are eligible to avail personal loan in UAE without salary transfer.

⭐ Is their minimum salary requirement on no salary transfer loan?

A. Yes, there is a minimum salary requirement on salary transfer loans and the minimum salary required varies with banks.

⭐ Can I cancel the loan after approval?

A. Yes, loan approved can be canceled on paying some cancellation fees.

⭐ Is insurance cover provided on non-salary transfer loans?

A. Yes, you can avail insurance on non-salary transfer loans.

⭐ Is salary certificate mandatory?

A. Yes, salary certificate is a mandatory document for personal loans in UAE.

⭐ Do banks check credit score for non-salary transfer personal loans?

A. Yes, banks check the credit score before approving the loan application.

⭐ Do banks check DBR for non-salary transfer personal loans?

A. Yes, banks do check DBR which should be below 50%, for any kind of loans in UAE. Calculate your DBR using our Debt Burden Ratio Calculator

⭐ Do my company needs to be listed on the bank’s list?

A. Company listed with the bank criterion vary from each bank.

⭐ Is there any minimum work service required?

A. For a non-salary transfer personal loan, a minimum work service of 6 months is required.

⭐ Is partial payment facility available in this type of loan?

A. Yes, partial payment facility is provided on some partial payments charges which varies from each bank.

⭐ What are the additional benefits provided on personal loan without salary transfer?

A. Some banks provide a free debit card, credit card, cheque books, etc., on personal loan without salary transfer.

⭐ How do I know the monthly installments to be paid on the loan?

A. The monthly installments vary with the interest rate, loan amount borrowed, tenure and other factors. Use our Personal Loan Calculatorto calculate your monthly installments on loan.

⭐ Do we need to provide any collateral on non-salary transfer personal loan?

A. There is no collateral required on non-salary transfer personal loan.

⭐ What is the maximum tenure provided on the loan?

A. The maximum tenure provided on the personal loan without salary transfer is 48 months.

⭐ For how much amount the security cheque should be given?

A. A security cheque of loan amount approved should be given to the bank.

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