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.
Deem Finance Personal Loan without Salary Transfer
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 without Salary Transfer
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
Abu Dhabi Islamic Bank Personal Finance
ADIB Personal Finance offers a flat profit rate of 3.72% for UAE Nationals and 3.85% for Expatriates. Moreover, the minimum monthly salary required is only AED 8,000 for both UAE Nationals and Expats.
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:
Free pre-approved ADIB VISA Cashback Card
First instalment holiday period of up to 90 days
Two free instalment postponements every year
Abu Dhabi Commercial Bank Personal Loan
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:
Long repayment period
Free credit life insurance
Free ADCB credit card
Dubai Islamic Bank Personal Finance
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:
Maximum loan amount of AED 4,000,000 for UAE Nationals and AED 2,000,000 for Expatriates
Long tenor period of 48 months
Low minimum salary requirement
Emirates Islamic Bank Personal Loan
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:
Flexible and extended repayment periods of up to 4 years
A simple and quick approval process
High finance amount of up to AED 4,000,000 for UAE Nationals and AED 2,000,000 for Expats
First Abu Dhabi Bank Personal Loan
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:
Simple documentation and fast-track approvals
Comprehensive personal life insurance cover
Flexible repayment terms
Emirates NBD 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:
Maximum loan amount extended up to AED 2,000,000 for Expatriates
Free bank account with no minimum balance requirement
The maximum term of 36 months
HSBC Personal Loan
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:
No credit life insurance required
Applications can be made online and approved within 10 minutes
Quick processing
Citibank Personal Loan with Salary Transfer
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:
Loan amounts of up to 20 times of your salary
Monthly instalments starting from as low as AED 220
Tenors ranging from 6 months and going all the way up to 48 months
