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.

0 People rated this page

Union National Bank Personal Loan for UAE Nationals

Union National Bank Bank

WarningMessage This product is discontinued by the Bank

Personal Loan for UAE Nationals

Minimum Salary

AED 20K

Flat Rate

2.37%

Reducing Rate

4.5%

Loan Amount

AED 6000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

Advantages

  • Can skip upto 4 installments annually
  • High finance
  • Competitive interest rates
minimum salary

AED 20K

Minimum Salary

flat rate

2.37%

Flat Rate

reducing rate

4.5%

Reducing Rate

max finance

AED 6000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

Advantages

  • Can skip upto 4 installments annually
  • High finance
  • Competitive interest rates

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The loan is provided for a interest rate of 4.5%
  • Minimum salary of AED 20,000 is required
  • The reduction rate and the flat rate is 4.5% and 2.37%. This denotes that the computation done was a division of the reduction rate by 1.89
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 6,000,000
  • Early settlement fee is 1.05% of loan amount
  • Arrangement fee is 1.05% of loan amount

Benefits

  • Can get up to AED 6,000,000 loan amount
  • Free credit card is provided along with this scheme
  • Repayment period is long
  • For first three months bank provides installment free grace period along with this scheme

Frequently Asked Questions

⭐ Who all can apply for Union National personal loan?

A. Working in Government, semi-Government or approved private employer can apply for Union National personal loan.

⭐ Do I have to pay any service charges while applying in personal finance in Union National bank?

A. Yes, service charges are up to 3% of the loan amount in Union National bank.

⭐ Can I club income of my spouse with mine?

A. Yes, you can club income of your family members to increase your eligibility for personal loan.

⭐ How is rate calculated for the given finance?

A. Rate is calculated on a reducing balance for a given finance.

⭐ What is the minimum and maximum repayment period for this loan?

A. Minimum repayment period is 12 months and maximum is 48 months in Union national bank.

Union National

Established as a Public Joint Stock Company (P.J.S.C) in 1982, Union National Bank (UNB) has shareholdings from both Dubai and Abu Dhabi Government. UNB has a Vision ‘to be the best in class for the banking industry in the UAE’ and a Mission ‘to be the first and the best bank of choice for all stakeholders.’ The values followed by UNB are :

  • Integrity & Transparency
  • Customer Focus
  • Team spirit
  • Continuous Improvement
  • Nurturing Staff
  • Responsible Community Membership
  • Best practices

   Get in touch with Union National Bank Customer Care

×

Free for Life Cashback Card with 20% Cashback*