Key Advantages for Personal loans
1. High Loan Amounts
Banks in the UAE offer personal loans up to AED 4 million for UAE nationals
and AED 2 million for expatriates.
2. Competitive Interest Rates
Interest rates can be as low as 2.5% per annum (reducing rate) depending on the bank
and borrower profile.
3. Flexible Repayment Terms
Loan repayment tenures range from 6 months to 48 months, with some extending
up to 60 months for UAE nationals working in government or approved companies.
4. No Collateral Required
Most personal loans in the UAE are unsecured, meaning you don’t need to
pledge assets as security.
5. Quick Approval & Fast Disbursal
Many banks offer instant approvals and disbursement within 24 to 48 hours,
especially for salaried employees with listed companies.
6. Salary Transfer & Non-Salary Transfer Loans
Some banks require a salary transfer, while others offer personal
loans without salary transfer, though at slightly higher interest rates.
7. Additional Perks
Some banks provide free credit cards, top-up loans, and zero processing fees
for select customers.
Would you like recommendations on the best personal loans in the UAE right now?