Although people in the UAE have many financial options, personal loans have become one of the most popular short-term credits. Best Personal loans in UAE are something that we all seek at some point in our lives, whether for a remodeling, a vacation, or for any other reason. With a plethora of both internationally renowned and domestic banks operating in the UAE, it is critical to select a lender who is trustworthy and provides a positive borrowing experience.
The following banks not only offer low-interest loans but also provide a number of other benefits. Continue reading to learn more.
with Deem Finance personal loan, you can pay for all your commitments with affordable instalments and less paperwork. deem offers one of the fastest loan approval process in UAE
| Deem Finance Personal Loan Highlights | |
| Eligibility Age | 21 years to 60 years |
| Loan Tenure | Up to 48 months |
| Minimum Salary required – Eligible Income | AED 5,000 monthly |
| Processing Fees | 1% of loan amount (minimum AED 500) |
| Interest rate | Starting from 15.99% p.a. |
| Loan Amount | As per your Income Eligibility |
| Eligible Applicants Categories | Salaried |
| Salary Transfer Required | Not Required |
Citi bank personal loan offers caters to both Salary Transfer Loan and Personal Loan without Salary transfer, allowing UAE residents & citizens to easily access funds for various personal financial needs. These loans can be availed without collateral, are offered at attractive low-interest rates and require minimal documentation.
| Citi bank Personal Loan Highlights | |
| Eligibility Age | 21 years to 60 years |
| Loan Tenure | Up to 48 months |
| Minimum Salary – Eligible Income | AED 10,000 monthly |
| Processing Fees | 1% of loan sanctioned |
| Interest rate | Starting from 14% p.a. |
| Loan Amount | Up to AED 175,000 |
| Eligible Applicants Categories | Salaried UAE residents only |
| Salary Transfer Required | Not Required for Personal Installment Loan |
If that is not enough to convince you, ADIB also offers quite a few additional features for its borrowers, some of which are as follows:
ADCB Personal Loan
ADCB provides attractive loan options to both Expats and UAE nationals. Flexible, low-cost loans are offered for expatriates residing in UAE.
The interest rates start at 4.99% and range all the way up to 14%.
The minimum salary requirement is AED 6,000.
Some other benefits of ADCB personal loan are:
DIB Personal Finance
Apart from Sharia-compliant personal finance, the Dubai Islamic Bank also offers various other personal loan products in UAE at the most competitive profit rates.
The profit rates range from 11% to 20%.
DIB provides one of the lowest salary requirement of AED 3,000.
Benefits of DIB personal Finance are:
Emirates Islamic Personal Finance
Emirates Islamic Bank offers personal loans at an interest rate that is as low as 3.99%. The bank asks for a minimum salary of AED 10,000 per month while providing the following features:
FAB Personal Loan
The interest rates of FAB Personal Loans can go as low as 3.99%. It can even drop down to 2.09% for good profile customers
In addition to a minimum salary requirement of AED 10,000,
here are the other attractive features of this personal loan:
Emirates NBD Personal Loan
The salary transfer personal loans for Expatriates in Emirates NBD is offered at a flat rate of 2.9% and reducing rate of 5.49%. Yes, you read that right.
The minimum salary requirement stands at AED 5,000 only. Additional features include:
HSBC Personal Loan
HSBC Bank provides loans based on reducing balance. i.e. the interest is calculated on a monthly basis on the remaining principal amount. The interest rates start from 5.99% per annum only.
The minimum salary required is AED 7,500.
Other benefits of HSBC personal loan are:
Citibank offers a salary transfer personal loan at a flat interest rate of 3.73%. If you are looking for a loan with no mandatory salary transfer,
you can get one at reducing rates ranging from 14% to 30%.
AED 8,000 is the minimum monthly salary requirement. Other features are as follows:
