Union National Bank Personal Loan Eligibility

Minimum Salary

Interest Rate

Loan Amount

Reducing Rate

Union National Bank

Union National Bank provides various personal loans in order to meet each and every requirement of an individual. The loans are provided on the competitive interest rates for quick and hassle-free documentation.

Eligibility criteria for Union National Bank

Personal loan for Emiratis

  • Minimum salary of AED 10,000 is required.
  • Only UAE Nationals are eligible.
  • Must be a salaried individual.

Personal loan for Expats

  • Minimum salary of AED 5000 is required.
  • Only Expats are eligible.
  • Must be a salaried individual.

Personal Loan for Non-salary transfer

  • Minimum salary of AED 10,000 is required.
  • Both UAE Nationals and Expats are eligible.
  • Minimum 1-year length of service is required.

What influences Eligibility?

  • Credit history- Your previous or existing loans and credit cards can affect your current loan approval. Low credit score applications can be rejected.
  • Monthly income- If your monthly income is less than the bank’s requirement may lead to the rejection of the loan.
  • Length of service-If you don't meet the minimum length of service criteria, the bank may reject your loan application.
  • Age- Age limit of 21-60 yrs is mandatory. Minors below 21 yrs and senior citizens above 60 years are not eligible.
  • Documents- Documents like Salary certificate, Passport, Emirates ID, Trade license (If Self employed) are mandatory.
    1. Salary Certificate- Salary Certificate is a mandatory document for any kind of finance as it is a proof of your work and an employment in a company. Bank can ask for a salary certificate or salary certificate letter.
    2. Emirates ID- Emirates ID is a proof to confirm your identity. Without Emirates ID banks do not approve the loan.
    3. Trade License- For the self-employed individuals trade license is a mandatory document.

Tips to improve the chances of loan approval

  • Make sure you meet the age limit.
  • Pay your current loans or credit card bills on time so that it won’t disturb your credit score.
  • Maintain all the required mandatory documents.
  • Don’t take more than required finance.
  • It is preferable to go for maximum tenures.


Q. My company is not listed with the bank. Is that okay?

A. No, your company must be listed with Union National Bank and it is mandatory.

Q. I’m 65 years old. Do I get a personal loan?

A. No, individuals above 60 years are not eligible for the personal loan.

Q. How many installments can I postpone per annum?

A. You can skip 2-4 installments per year(Depends on your nationality).

Q. What are the additional benefits provided on the approval of the loan?

A. Can get aUNB Credit Cardfor no annual fees.

Q. Is salary transfer mandatory?

A. Yes, Salary transfer is required. If you cannot transfer your salary you can prefer Non-salary Transfer Loan.

Q. When should I start paying my first installment?

A. UAE Nationals can start paying their installments after 6 months, Expats need to pay after a month of the approval.

Q. What is the maximum tenure provided?

A. Maximum tenure of 48 months is provided.

Check the list of Union National Bank Personal loans.