Personal Loan for AED 6000 salary in UAE

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
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Flat Rate

2.9%

Minimum Salary

AED 5000

Reducing Rate

5.49%

Max Loan Amount

AED 2000000

Early Settlement Fee

1%

flat-rate

2.9%

Flat Rate

minimum-salary

AED 5000

Minimum Salary

5.49%

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 5.49% and 2.90%.
  • The loan is provided for an interest rate of 5.49%
Apply Now

Features

  • Repayment period is up to 4 years
  • The loan is provided for an interest rate of 5.49%
  • Minimum salary of AED 5000 is required
  • The reduction rate and the flat rate is 5.49% and 2.90%.
  • 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
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Flat Rate

3.99%

Minimum Salary

AED 5000

Reducing Rate

7.34%

Max Loan Amount

AED 2000000

Early Settlement Fee

1%

flat-rate

3.99%

Flat Rate

minimum-salary

AED 5000

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%
Apply Now

Features

  • Repayment period is up to 4 years
  • The loan is provided for a interest rate of 7.34%
  • Minimum salary of AED 5,000 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
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Minimum Salary

AED 5000

Reducing Rate

5.25%

Max Loan Amount

AED 1500000

Early Settlement Fee

1.05%

minimum-salary

AED 5000

Minimum Salary

5.25%

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
  • The loan is provided for an interest rate of 5.25%
  • Minimum salary of AED 5,000 is required
Apply Now

Features

  • Repayment period is up to 4 years
  • The loan is provided for an interest rate of 5.25%
  • Minimum salary of AED 5,000 is required
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 1,500,000
  • Early settlement fee is 1.05% of the finance amount
  • Arrangement fee is 1.05% of the loan amount

Benefits

  • For every AED 1000 of your insurance amount can earn ADCB TouchPoints
  • Documentation is simple
  • High finance amount is offered
  • Takaful insurance is provided free with the scheme
  • Free ADCB Credit Card is provided along with this scheme
  • Credit Life Insurance is provided along with this scheme
  • Get 50% OFF on processing fee on applying for the account through ADCB Hayyak App. Also, avail 50,000 Touchpoints on the approval.
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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
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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

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
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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

  • 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
Hide Explore

View details on bank page

Flat Rate

2.38%

Minimum Salary

AED 5000

Reducing Rate

4.49%

Max Loan Amount

AED 4000000

Early Settlement Fee

1%

flat-rate

2.38%

Flat Rate

minimum-salary

AED 5000

Minimum Salary

4.49%

Reducing Rate

loan-amount

AED 4000000

Max Loan Amount

arrangement-fee

1%

Arrangement Fee

Advantages

  • Free 0 balance account
  • No collateral/guarantor required
  • High finance is provided

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this loan
  • The reduction rate and the flat rate is 4.49% and 2.38%.
Apply Now

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this loan
  • The loan is provided for a interest rate of 4.49%
  • Minimum salary of AED 5,000 is required
  • The reduction rate and the flat rate is 4.49% and 2.38%.
  • It is mandatory to transfer your salary
  • Finance up to AED 4,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 4,000,000 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
  • Documentation is simple and easy
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

  • 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
Apply Now

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
Hide Explore

View details on bank page

Personal Loan for AED 6000 salary in UAE

It gets easier to avail a personal loan in UAE with the monthly salary of AED 6000 or more. But still, banks take a number of precautionary measures before sanctioning a loan with that salary range. Some of the top banks to be considered at this salary are Dubai Islamic Bank, ADCB Bank, RAKBANK and such.

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 2500 or more.
  • 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

Is it possible for me to acquire if I am an Expat with monthly salary AED 6000?

A. Yes, it is available for both UAE Nationals and Expats.

What are my options for personal loan with minimum monthly salary AED 6000?

A. There are a number of options for you, as many banks sanction personal loans in Dubai with a minimum salary of AED 5000. Some top options are ADCB personal loan, RAKBANK personal loan and Dubai Islamic Bank personal loan.

What are the interest rates that would get charged on these loans?

A. The interest rate would differ from bank to bank but expect a higher rate as the salary required is less.The flat interest rate normally ranges from 2-11% whereas the reducing rate varies between 4.9-19%.

Is salary transfer necessary?

A. Banks would usually prefer you have an account in their branch where your salary is transferred. This helps them to offset the risk involved in an unsecured form of finance. It also gives them the security and keeps a track of your income.

How much loan amount can I avail?

A. The loan amount depends proportionately on the salary range, you would not be able to avail high finance amount since the salary is not much. But if banks do sanction a high amount because of your good credit history than the interest rates would be higher.

Are there any banks which do not require a salary transfer?

A. Dubai Islamic Bank Personal Finance may provide more competitive rates and flexibility if you transfer your salary however it is not mandatory. Even if the company you work for is listed then the bank may waive the requirement.

Is insurance required for these loans?

A. It is at bank's discretion, but most insurance would be required to offset the risk and we would advise you to take it too.

Do I need to provide my salary certificate?

A. Yes, they would mostly require your salary certificate. This is asked by the bank during your application processing stage to understand your salary breakdown. They would also want your designation at the company and your position to safeguard themselves from any fraud.

Is company listing necessary?

A. It is not mandatory for the company you are working to be listed. But if it is then it would fasten your process and increase your probability of approval.

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