Dubai First Personal Loan

The procedure to apply for a Dubai First personal loan is extremely simple and can be done within minutes via the online application form. Dubai First personal loans offer considerable loan amounts for at flexible reducing-balance interest rates. The Dubai First personal loan also allows customers to avail of funding without any salary transfer.

Dubai First Personal Loan Interest Rates

Like most of the leading personal loans in the UAE, the best Dubai First personal loans offer a reducing balance interest rate, which gets smaller with every instalment that is paid. The Dubai First Bank personal loan details can be found in the table below:

Dubai First Personal Loan
Product Name	Loan Amount	Tenor	Rate of Interest	Type of Interest
Dubai First Personal Loan	AED 20,000 - AED 250,00	12 months - 48 months	From 18.00% to 25.99%	Reducing

Disclaimer: Interest Rates are subject to change at any time. 

Features & Benefits of the Dubai First Personal Loan

Dubai First personal loans are an example of that rarest of loan types in the UAE, i.e. ones that do not require a salary transfer:

Loan Amount

The Dubai First personal loan offers flexible loan amounts ranging from as little as AED 20,000 up to a substantial amount of AED 250,000. Kindly note that in order to apply for a Dubai First personal loan, applicants will be required to have employment at an approved UAE organization.

Flexible Tenor

Another highly regarded feature of the Dubai First personal loan is its flexible tenor. Dubai First personal loans are offered from anywhere between 12 months to 48 months. These tenor periods are usually agreed upon by both parties (applicant and Dubai First) in the loan agreement.

Quick Processing

In addition to the extremely minimal documentation that is required in order to apply for a Dubai First personal loan, the loan is also known for its quick processing times. Applicants may submit the online Dubai First personal loan application form within minutes and can expect a response within the week.

No Salary Transfers

Unlike most personal loans in the UAE, the Dubai First personal loan does not require any salary transfer from its applicants. But while the best Dubai First personal loans do not require a salary transfer from the applicant, the loan is only offered to salaried UAE residents.

Life Insurance

Loan holders receive access to a priceless life insurance policy, known as the Credit Life Insurance, from the very first day of their Dubai First Bank personal loan. The Credit Life Insurance exempts Dubai First personal loans customers from paying their monthly obligations in the event of a permanent disability or death.

Other Benefits

Finally, the Dubai First Bank personal loan also offers a complimentary range of its award-winning credit cards. Dubai First personal loan holders may choose from the Dubai Moments Titanium, Dubai Moments Platinum or the Dubai First Cashback card. The cards are free for life and can be applied for at the same time that customers apply for a Dubai First personal loan. Furthermore, the only additional document requirement to avail of a Dubai First Bank personal loan complimentary credit card is the submission of a security cheque.

Dubai First Personal Loan Eligibility & Required Documents

As discussed earlier, applicants do not need to make a salary transfer in order to apply for a Dubai First personal loan. In fact, the eligibility criteria to apply for a Dubai First personal loan are extremely relaxed and can be summed as follows:

Age Eligibility

The age eligibility for a Dubai First personal loan lies between 21 years and 60 years for UAE nationals and expats alike.

Income Eligibility

While the Dubai First Bank personal loan does not require a salary transfer, applicants are required to have employment at an approved UAE employer. Furthermore, Dubai First may also impose minimum income restrictions as per its own analysis of the applicant’s creditworthiness.

Residency Eligibility

Applicants must also have UAE residency in order to apply for a Dubai First personal loan.

There is no set document checklist for the Dubai First personal loan. Applicants may find more information on the required documents by contacting the Dubai First Bank personal loan customer care at 800-33 or at (04)5068-888.  A general set of documents that Dubai First personal loans may require are as follows:

• An Emirates ID (as ID proof).
• A Passport Copy (as ID proof).
• A Residence Visa (only for non-UAE nationals).
• A Bank Statement (for a set number of months).
• A Utility Bill (as address proof).

FAQs on Dubai First Personal Loan