Personal Loan for AED 2500 salary in UAE

Minimum Salary

AED 5000

Reducing Rate

4.99%

Max Loan Amount

AED 1500000

Early Settlement Fee

1%

minimum-salary

AED 5000

Minimum Salary

4.99%

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
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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

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

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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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

  • High finance is provided
  • Quick processing of loan
  • Low salary requirement

Overview

  • Quick processing of a loan
  • Provides loan on low salary requirement
  • Can avail payment holiday benefit

Overview

  • Quick processing of a loan
  • Provides loan on low salary requirement
  • Can avail payment holiday benefit
  • Applicant’s company must be listed with the bank
  • Salary transfer is mandatory
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View details on bank page

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

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
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

  • 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

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
  • Only UAE nationals are eligible
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View details on bank page

Personal Loan for AED 2500 salary in UAE

It is highly unlikely for banks in UAE to offer loans with salary less than AED 3000. Some of the options you can try are FAB Lifeline - Revolving Overdraft. But there are certain things obligations attached with it and your favorability of availing these loans depends on case to case. Such as for FAB, it is not a personal loan it is an overdraft facility provided on a minimum salary of AED 2000.

Documents required

This may vary from bank to bank or circumstances.

  • Loan application form – completed and duly signed.
  • Some identity documents like Passport, copy of the VISA, Emirates ID, etc.
  • For Expatriates – Valid Passport with a valid UAE residence Visa.
  • Salary certificate and/or salary transfer letter
  • Statement(s) of your bank account(s)
  • For self-employed individuals – Trade License

Eligibility

Like documents, this may vary too from bank to bank:

  • You must be at least 21 years of age.
  • You must be currently employed and working for around one-to-six months minimum (varies from bank to bank)
  • Minimum salary must be AED 3000 or more. For FAB Revolving Overdraft AED 2000 is the minimum salary required.
  • Usually, you are required to transfer your salary to the bank from which you are availing the Personal Loan.
  • You must pay back the loan before you turn 65 years (for expatriates) and 60 years (for UAE Nationals).

FAQs

I am an expat can I avail these loans?

A. Yes, you certainly can, provided you meet the eligibility requirements.

How likely are my chances to avail these loans?

A. If you have a good credit history then your chances of availing the loan gets increased.

Up to how much amount can I avail?

A. It depends on the monthly salary. FAB proivdes 2 times the monthly salary as maximum loan amount.

Are there any other options for salary less than AED 5000

What is a overdraft facility?

A. An overdraft facility is, the loan amount will be credited to the bank account and the loan holder needs to pay interest only on the amount used.

Does the company I work for needs to be listed on the banks approved list of companies?

A. Yes. For FAB Lifeline- revolving overdraft facility it is mandatory that your working company needs to be listed on the banks approved list of companies.

Do I need to give any collateral for these loans?

A. No, there is no requirement of collateral.

What are the other personal loan options available?

A. Check here for banks that offer personal loans in Dubai.