Personal Loan

Smart Financing Solutions

This is one kind of credit that a lender or the bank may offer to a borrower for personal use. To obtain a personal loan, you must fulfil the eligibility standards set forth by the lender.

These loans are granted by exception. If granted, the loan amount can be used for nearly anything, including major purchases or home remodeling. Over a predetermined length of time, you must make consistent payments to repay the loan, which typically includes interest.

Enjoy peace of mind with competitive rates, zero minimum balance conditions, and repayment plans that fit your lifestyle. If you are UAE National aged between 21 and 65 years (at the loan maturity) or if you are an Expatriate aged between 21 and 60 years (at the loan maturity).

Key Features

  • Eligibility for Confirmed Employees
  • High Loan Amounts for UAE Residents & Citizens
  • Flexible Repayment Tenure
  • Competitive, Profile-Based Interest Rates
  • Additional Banking Benefits

FAQs

How much can I borrow?
<ul> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Loan amounts typically range from [e.g. AED 10,000 to AED 500,000], depending on:</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Your income</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Employment type</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Credit score</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Lender policies</span></li> </ul>
What is the repayment period?
<p><span style="font-weight: 400;">Most personal loans offer repayment terms from 12 months to 60 months (1 to 5 years).</span></p>
Do I need to provide a salary certificate?
<ul> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Yes, most lenders require:</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">A salary certificate or employment letter</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Bank statements (last 3–6 months)</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Emirates ID or passport (UAE context)</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Proof of address</span></li> </ul>
Is collateral required for a personal loan?
<p><span style="font-weight: 400;">No, personal loans are typically unsecured, meaning you do not need to provide assets like property or a car as security.</span></p>
What is the interest rate?
<p><span style="font-weight: 400;">Interest rates can vary based on:</span></p> <ul> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Your credit profile</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Employer category</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Loan amount and term</span></li> <li style="font-weight: 400;" aria-level="2"><span style="font-weight: 400;">Rates typically range between [e.g. 3.5% – 8.5% per annum (flat)], depending on the lender and region.</span></li> </ul>
How long does it take to get the loan approved?
<p><span style="font-weight: 400;">If documents are in order, loan approval and disbursal can happen in 1–3 working days.</span></p>
Can I settle the loan early?
<p><span style="font-weight: 400;">Yes. Most lenders allow early settlement, but they may charge a small early settlement fee (e.g. 1% of the remaining balance in the UAE).</span></p>
What happens if I miss a payment?
<p><span style="font-weight: 400;">Missing a payment can lead to:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Late payment fees</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">A negative impact on your credit score</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Potential legal action if payments are consistently missed</span></li> </ul>
Can I get a personal loan with bad credit?
<p><span style="font-weight: 400;">It may be difficult, but some lenders or finance companies offer personal loans to individuals with lower credit scores at higher interest rates. A good credit score will always improve your chances and rates.</span></p>
Are there any hidden charges?
<p><span style="font-weight: 400;">Always check for:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Processing fees</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Insurance charges</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Early settlement or cancellation fees</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Late payment penalties</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">All fees should be clearly disclosed in your loan agreement.</span></li> </ul>

Related Services

01. Refinance Mortgages

Refinancing allows property owners to replace their current mortgage with a new one often to secure a lower interest rate, adjust the loan term, or switch to a more suitable mortgage product.

It’s a practical way to reduce monthly payments, save on interest over time, or improve overall loan terms to better match your financial goals.

02. Islamic Home Finance

Islamic home finance is offered by Islamic banks or the Islamic windows of conventional banks, providing an alternative to traditional mortgages. These financing options are structured in a way that avoids charging interest, aligning with Islamic principles that prohibit Riba (usury). The most common structures include Murabaha (cost-plus financing) and Ijara (leasing), both designed to ensure that the financial transactions comply with Sharia law while allowing individuals to purchase houses.

03. Credit Card Services

As an ancillary service, we also arrange for our clients tailored credit card solutions from leading banks to meet their individual and business needs. Our team streamlines the application process, ensures competitive offers, and provides expert guidance to help you choose the right card—whether it’s for rewards, travel, cashback, or corporate use.

With strong banking partnerships and a client-first approach, we make access to financial flexibility simple and efficient.

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