Personal loan (Personal installment loan) is the obvious choice if you are looking a for short-term credit facility. It is an unsecured loan facility by nature and extended on the basis of criteria’s such as salary, employer category, employment history, credit score and so on by the Banks and non-banking financial companies.
Personal Loans with salary transfer to the banks can be availed of with a preferential interest rate than personal loan with non-salary transfer.
Don’t let life’s special moments pass you by. After all, some of them are once-in-a-lifetime occasions. Personal loans cover just about everything that brings you happiness and joy, a family visit back home, wedding in your family or your child’s education and much more. You can also avail this facility to pay off your credit card bills for large expenditures to reduce high interest burden.
Features & Benefits of Personal Loans:
- Loan amount offered range from AED 10,000 to AED 200,000
- Attractive reducing interest rates
- Personal loans offered up to 20 times the gross monthly salary.
- Flexible repayment options start from 12 months to 48 months
- Quick loan approval
- Simple documentation & easy availability
- No security
- Credit Life Insurance
Types of Personal Loan in UAE:
- UAE Nationals Personal Loan
- Expatriates Personal Loan
- Self-employed professionals Personal Loan
- Personal Loan for applicant with No Salary transfer
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