Personal Loan in UAE with 15000 Salary

A personal loan can prove immensely beneficial if you face any cash crunch at the time of making personal expenditures like furniture for your house, the wedding of your children, and more. Most banks and lending institutions in the UAE offer personal loans for AED 15,000. However, with a plethora of options to choose from, it can often become difficult to select the right personal loan.

The following is a list of top personal loan options offered in the UAE that meet your salary slab of AED 15,000. We will also discover some insights into the criteria and documents required to apply for these loans. With this knowledge, you would be able to figure out the best personal loan with suitable features and benefits.  

Top Banks Providing Personal Loan in UAE for AED 15,000 Salary

Here are some of the leading UAE banks that provide personal loans for an AED 15,000 salary:

Discussed below are the key aspects of each personal loan plan mentioned above:

1. Citibank Personal Loan

As a conventional personal loan for AED 15,000 salary, it takes care of short-period personal cash requirements like rent, emergency financial crises, or medical emergencies. 

Features and Benefits

• Arrangement Fees – Computed as 1% of the loan amount (minimum AED 500 and maximum charge of AED 2,500)
• Early Settlement Fee – 1% on the outstanding principal
• Minimum Salary Required – AED 8,000
• Interest Rate – Reducing interest rate between 6.99% and 8.99%
• 0% processing fee
• Option to top-up the loan whenever required
• Quick loan approval
• Flexible loan tenure between 6 and 48 months
• Online loan application process available
• In-principle approval within 10 minutes
• Salary transfer included

Click here to Apply for this Personal Loan

2. FAB Personal Loan for UAE Nationals

This is one of the best personal loans in UAE for AED 15,000 salary, with which you can secure a loan amount of up to AED 5 million and a flexible repayment tenure of up to 48 months. 

Features and Benefits

• Grace period of up to 150 days before repayment of the first instalment
• Interest Rate – Reducing interest rate of 5.70% and flat rate interest of 3.02%
• Quick and easy loan approval
• Inclusion of a comprehensive personal life insurance coverage
• High loan amount limit of up to AED 5 million
• Seamless documentation
• 0% processing fee
• Ideal for customers securing a personal loan for the first time
• Minimum Salary – AED 7,000
• Criteria for availing of 3.79% interest rate –
• The applicant must be employed in a company approved by the FAB and has a salary transfer account in FAB along with a minimum salary of AED 15,000
• The variable interest rate loan can be subjected to an introductory discount over the variable rate (only applicable for the first 9 months) 

Click here to Apply for this Personal Loan

3. Emirates Islamic Bank Personal Finance for UAE Nationals

Emirates Islamic Bank provides personal loan in UAE for AED 15,000 salary at competitive interest rates. You can avail of a maximum loan amount of AED 4 million with this Shariah-compliant loan. 

Features and Benefits

• Maximum Loan Amount – up to AED 4 million
• No over limit fees or extra charges with a lower profit rate
• Profit Rate – Flat rate of 2.25% per annum
• Flexible Repayment Tenure – up to 4 years
• Easy loan approval process
• Can be utilised to clear existing debts using an easy payment plan
• Option to repay bills for external credit cards using a lower monthly payment
• Murabaha structure-compliant
• Shariah-compliant Islamic financing product
• Salary transfer is included
• Minimum monthly salary required – AED 10,000
• Low profit rates

Click here to Apply for this Personal Loan

4. Abu Dhabi Commercial Bank Personal Loan

This is one of the top personal loans for AED 15,000 salary in the UAE. It can be availed of at competitive interest rates and repaid in up to 4 years. 

Features and Benefits 

• Quick loan approval (as fast as 10 minutes)
• Top-up alternative after 6 months
• No requirement for credit life insurance
• Loan Amount – for UAE nationals – AED 750,000; for ex-pats – AED 600,000
• Loan repayment period – 4 years
• Minimum salary requirement – AED 7,500

Other Benefits –

• credit card – included
• Free debit card – included
• No salary transfers required
• Phone banking – included
• Flat rate – 3.45%
• Reducing rate – 6.25%

Click here to Apply for this Personal Loan

5. RAKBANK Personal Loan

This personal loan is provided to salaried individuals having an account in the bank. The maximum loan amount here can be 20 times the salary (15 times for the Armed Forces Staff). This personal loan in UAE for AED 15,000 salary can be utilised for personal requirements and is repaid by deducting a specific sum from your account for instalments. 

Features and Benefits 

• Maximum loan amount of up to 20 times your salary
• Loan Tenure – up to 48 months
• Competitive interest rates

Other Benefits –

• Credit Card – included
• Free Bank Account – included
• Free Cheque Book – included
• Free Debit Card – included
• Phone Banking – included
• Salary Transfer – included
• Insurance – included 
• Minimum salary – AED 5,000

Eligibility Criteria –

• UAE resident
• At least 21-year-old
• Salaried individuals

Click here to Apply for this Personal Loan

6. Mashreq Bank Personal Loan for UAE Nationals

Mashreq Bank is another leading provider that offers personal loans for AED 15,000 salary in the UAE, especially for nationals. With this loan, you can pay off your personal debts or purchase personal items as per your convenience. 

Features and Benefits 

• Minimum Monthly Salary Required – AED 10,000
• Interest Rates – Flat rate of 3.43% and reducing rate of 5.99%
• Flexible loan repayment tenure – up to 48 months
• Maximum Loan Amount – up to AED 150,000
• Numerous attractive offers and additional benefits
• Quick loan processing
• Islamic finance option available
• Easy documentation

Other benefits

• Free Bank Account 
• Free Debit Card
• Free Cheque Book
• Salary Transfer
• Phone Banking 
• Insurance 

Click here to Apply for this Personal Loan

7. Emirates NBD UAE National Loan

Specifically framed for UAE nationals, this personal loan for AED 15,000 salary from the Emirates NBD Bank is one of the top plans under the personal finance category. You can secure a maximum loan amount of AED 800,000 with this loan and even get a welcome kit and a free bank account to settle the loan.

Features and Benefits 

• Minimum Salary – AED 5,000
• Interest Rates – Flat rate of 2.90%; reducing rate of 5.49%
• Quick loan approval 
• Easy documentation process
• Finance amount – up to AED 800,000
• Loan Repayment Tenure – 4 years
• Early Settlement Fee – 1% of the overall financed amount
• Arrangement fee – 1% of the total loan amount

Other benefits –

• Free bank account
• Insurance 
• Free debit card
• Salary transfer not mandatory 
• Phone banking
• Free debit card

Click here to Apply for this Personal Loan

8.Deem Finance Personal Loan

 When you secure a personal loan in UAE for AED 15,000 salary from Deem Finance, you can repay the loan amount in easy monthly instalments without the need for salary transfer. This loan has a repayment period of up to 4 years. 

Features and Benefits 

• Application approval within 48 hours
• Payment date can be modified based on the date on which you receive your salary
• Interest rate – reducing rate between 15.99% and 34.99% 
• Loan repayment period – 4 years
• Minimum salary – AED 5,000
• Easy documentation process

Other benefits –

• No salary transfers required
• Minimum paperwork
• Reasonable monthly instalments
• Deem Credit Live Plus Cover –
• A cover is included in the loan to offer protection in case of death or permanent total disability.
• Requests handled as a priority 
• 24-hour customer support
• Complimentary account statements

Click here to Apply for this Personal Loan

9. Finance House Personal Loan

This personal loan for AED 15,000 salary, available for salaried UAE nationals and ex-pats, can be availed at competitive interest rates. 

Features and Benefits 

• Quick loan approval
• Interest rate – reducing rate of 20%
• Loan repayment tenure – up to 4 years
• Top-up on loan after 1 year
• Free 24-by-7 phone banking 
• Easy loan takeover from other banks
• Free Finance House debit card and customised cheque book
• Free Finance House credit card with no annual fee 
• Free bank account
• Salary transfer – included
• Minimum salary – AED 5,000
• Insurance – Included

Click here to Apply for this Personal Loan

10. Sharjah Islamic Bank Personal Loan

Sharjah Islamic Bank follows the Murabaha structure for its personal loan in the UAE for AED 15,000 salary. This finance product does not have any interest or Riba. With the help of this loan, you can easily pay off the education fees, make personal investments, or furnish your house.

Features and Benefits 

• Finance amount – up to AED 2.5 million
• Loan repayment tenure – 4 years
• Minimum salary – AED 8,000
• Profit Rates – flat rate of 3.79% and reducing rate of 6.87%
• Early settlement fees – 1.05%
• Documentation fees – 1.05%
• A cashback of AED 2,500 after disbursal of the loan when you apply for the loan online

Key Inclusions –

• Credit card
• Free debit card
• Free bank account
• Salary transfer
• Insurance 
• Phone banking

Click here to Apply for this Personal Loan

11. Ajman Bank Personal Finance

Ajman Bank’s personal loan for AED 15,000 salary, available at competitive profit rates, follows the Murabaha Islamic financing structure. With this personal loan, you are eligible for attractive benefits and deals. 

Features and Benefits 

• Loan amount for UAE nationals – up to AED 3 million
• Loan amount for expatriates – up to AED 1 million
• Minimum salary requirements – AED 6,500 for ex-pats and AED 8,000 for UAE nationals
• Loan repayment period – 4 years
• Quick loan approval
• Pre-approved credit card with lifestyle deals
• Personal finance cash out
• Phone banking – available 
• Profit rates – flat rate of 3.30% and reducing rate of 5.99%
• Processing Fee – 1% of the loan amount
• Early Settlement Fee – 1% of the outstanding loan amount
• Takaful Charges – 1% of the finance amount 

Documents for Personal Loan for AED 15,000 Salary

To easily avail of a personal loan in UAE for AED 15,000 salary, you must keep the following documents ready:

• A copy of your Emirates ID
• Passport copy along UAE resident visa (if you are an ex-pat)
• Salary transfer letter/ certificate
• Bank statement for the previous 3 to 6 months (as per the bank’s specifications)
• Salary certificate which is dated 30 days or less from the date when you apply for the loan
• Trade licence (for self-employed people)

Note – The list of required documents can differ as per the lender. Moreover, you may be asked to provide additional documents as per the bank’s requirements.

Eligibility Criteria for Personal Loan in UAE for AED 15,000 Salary

The eligibility requirements of each bank offering a personal loan for AED 15,000 salary differ from the other banks. However, the general criteria to apply for a personal loan in UAE for AED 15000 salary are as follows:

• Minimum age of 21 years
• A salary transfer (generally required by most lenders)
• The applicant should either be a salaried employee or a self-employed personnel
• Maximum age limit of 60 years for UAE nationals and 65 years for ex-pats
• Good credit Score for low-interest rates

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