One of the most common reasons for a personal loan rejection in the UAE is that the applicant’s company is not listed with the bank or financial institution. The banking sector in the UAE is expanding on a daily basis. However, not every company can be listed. If your company is not listed, getting a personal loans in UAE becomes extremely difficult. Before applying for a personal loan, do some research to see if your company is listed with any banks. Human Resources department can also assist you with this information. There is no need to worry if your company is not listed with any financial institution. However, financial institutions are now taking steps to provide personal loan in UAE for non listed companies too.
These loans typically offer applicants up to AED 5 million for a flexible repayment period of four years. To qualify for a personal loan for a non-listed companies in UAE, you must have a monthly income of at least AED 5,000. But, before we jump to any conclusions, let us see the Interest Rates for Personal Loans without a listed company
Personal loan interest rates in the UAE can be charged in two ways: as a flat rate or as a reducing rate.
Flat Interest:
A flat interest rate on the personal loan for non listed companies in UAE is one that remains constant throughout the loan’s term, and it ranges from 5% to 18% for Personal Loans without a Company Listing.
Reducing Interest:
Reducing interest is considered the best personal loan interest rate in the UAE because it decreases with each payment made by the loan borrower, and it ranges from 5% to 12% for Personal Loans without a Company Listing.
Personal loan interest rates for non-listed company employees are typically higher.
Please see the table below for the banks that provide personal loan for non-listed companies in UAE.
| Personal Loan in UAE for non-listed Companies | Loan Amount (AED) | Interest Rate | Tenure |
| ADCB Personal Loan for UAE Nationals | 20 times the salary | Starting from 5% | 4Years |
| FAB Islamic Personal Finance | AED 5,000,000 | 4.99% (reducing) | – |
| Mashreq Bank Personal Loan for Expats | AED 1,000,000 | 6.49% (reducing) | 4Years |
| Mashreq Bank Employer/New to UAE Loan | AED 150,000 | 5.99% (reducing) | 4Years |
| Emirates NBD Personal Cash Loan | AED 500,000 | 8.99% (reducing) | 4Years |
| Emirates NBD Self-Employed Personal Loan for Professionals | AED 300,000 | 18.99% | 4Years |
Note: The information mentioned in the above table is subject to changes as per the discretion of the bank.
ADCB Personal loan non-listed company offers competitive interest rates, higher multiples of salary as loan amount, flexible loan tenure, and simple eligibility requirements for UAE Nationals applying for this loan. It is one of the personal loans in UAE 5000 salary for non-listed companies.
ADCB Personal Loan Features
| Minimum Salary – AED 5000 | Maximum Tenure – 48 months |
| Interest Rate – 5% | Maximum Loan Amount: 20x salary |
| Processing Charge: 1.05% | Early Settlement Charge: 1.05% |
Eligibility Requirements
The mission of FAB Islamic Personal Finance is to provide all individuals in need with financial support. For this personal cash loan that the bank is offering, individuals who work for non-listed companies are also eligible.
Features
| Minimum Salary – AED 10,000 | Maximum Tenure – 48 months |
| Interest Rate – 4.99% | Maximum Loan Amount: 5,000,000 |
| Processing Charge: 1.05% | Early Settlement Charge: 1.05% |
Eligibility
Check out here for Personal loan in UAE 3500 salary for non listed company
This Mashreq bank loan non-listed companies meets the borrowing requirements of salaried expats working in the UAE. Mashreq Bank aims to provide personal loans to customers within a day.
Features & Eligibility
| Minimum Salary – AED 10,000 | Maximum Tenure – 48 months |
| Interest Rate – 6.49% | Maximum Loan Amount: 1,000,000 |
| Processing Charge: 1% | Early Settlement Charge: 1% |
This Mashreq bank loan non-listed companies is available to individuals who have recently relocated to the UAE or changed jobs in order to assist them in settling and meeting their immediate personal finance needs. Mashreq Bank aspires to provide personal loans to customers within a day.
Features & Eligibility
| Minimum Salary – AED 10,000 | Maximum Tenure – 48 months |
| Interest Rate – 5.99%(reducing) | Maximum Loan Amount: 150,000 |
| Processing Charge: 1% | Early Settlement Charge: 1% |
Emirates NBD aims to provide financial assistance to anyone in need. Applicants working in non-listed companies are also eligible to apply for the bank’s personal cash loan.
Features
| Minimum Salary – AED 10,000 | Maximum Tenure – 48 months |
| Interest Rate – 8.99%(reducing) | Maximum Loan Amount: 500,000 |
| Processing Charge: 1% | Early Settlement Charge: 1% |
Eligibility
These customized loans are available to qualified professionals. Because Emirates NBD recognizes their worth in society, they can easily obtain this personal loan.
Features
| Minimum Salary – AED 20,000 | Maximum Tenure – 48 months |
| Interest Rate – 18.99%(reducing) | Maximum Loan Amount: 300,000 |
| Processing Charge: 1% | Early Settlement Charge: 1% |
Eligibility
Check out here for Personal loan in UAE 4000 salary for non listed company
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