Top 10 Personal Loans
HSBC Personal Loan
Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
- Credit life insurance is not mandatory
- Quick processing & approval
- Flexible tenure
- The loan is provided for an interest rate from 5.99%
- Minimum salary of AED 7,500 is required
- The reduction rate starts from 5.99%
- It is mandatory to transfer your salary
- Maximum finance provided is up to AED 750,000 for expats and AED 1,000,000 for UAE national
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
- 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
Frequently Asked Questions
⭐ Why are personal loan interest rates higher than auto loan and home loan interest rates?
A. Car loan and home loan are backed by the actual assets where as in case of personal loan risk is high since here the lender assumes the risk on your promise to repay.
⭐Can be postpone monthly installments for the given loan?
A. Yes, you can defer monthly installments up to 2 times a year.
⭐ Is buy-out facility available with this loan?
A. Yes, finance buy-out facility is available. Here you can transfer your existing finances with another bank to HSBC.
⭐ Do I have to visit the branch to get my loan amount?
A. For your facility HSBC transfers applied personal loan directly to our HSBC account.
⭐ How can I make sure that I qualify for a personal loan that I am applying for?
A. Since there are not collateral and security for the given loan bank will ultimately qualify you on the basis of your credit history, monthly salary and other debt obligations.
In 1946, the British Bank of Iran and the Middle East commenced banking activities for Middle East citizens. Post withdrawing from Iran, the bank was renamed as the British Bank of the Middle East (BBME). Hong Kong and Shanghai Banking Corporation (HSBC) acquired BBME in 1959 and played a pivotal role in the establishment of the banking sector in the region. HSBC has a sustainability strategy of doing business. The main areas of focus are:
- Sustainable Finance
- Sustainable Operations
- Sustainable Communities
This is in sync with their global sustainability model.
Get in touch with HSBC Customer Care