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Personal loans are among the most accessible forms of loans in UAE and can be used to meet any personal or urgent requirements. With a personal loan in UAE, you can easily get the required funds and use them for personal needs, be it business expansion, marriage, a child's higher education, and so forth.
If you are self-employed, earning in cash, working on a contract, or a freelancer, you will find a large number of financial institutions in the UAE offering personal loans to UAE nationals with no salary transfer required. This option is also suitable for those who have regular salaries yet don’t want to transfer them to the bank offering the loan.
Let’s take a glance at the top lending institutions in the UAE offering personal loans to UAE nationals with no salary transfer required –
Loan Product Name |
Flat Interest/Profit Rate |
Reducing Interest/Profit Rate |
Minimum Monthly Salary Required |
---|---|---|---|
7.70 – 15.20% |
14 – 27 % |
AED 8,000 |
|
5.43 % |
9.99 % |
AED 15,000 |
|
CBD Digi Personal loan |
NA |
15.99 % - 18.99% |
AED 10,000 |
NA |
15.99% - 34.99% |
AED 5,000 |
|
3.45 % |
6.25 % |
AED 7,500 |
|
7.90 % |
14.99 % |
AED 10,000 |
Citibank, a recognised global bank, is also one of the distinguished banks in the UAE that offers personal loans to UAE nationals without salary transfer required. With Citibank personal loans, you can easily get the requisite funds for the expansion of business, higher education expenses of children, debt consolidation, and so on.
Firt Abu Dhabi Bank (FAB) is a prominent choice among UAE nationals for personal loans without salary transfer required. It offers high loan amounts of up to one million and provides numerous value-adding benefits as mentioned below –
For those looking to get a personal loan without salary transfer along with various features, Commercial Bank of Dubai can prove to be a good fit. Its round-the-clock customer services, high loan amounts, flexible repayment tenure, and paperless loan processing facility are some of the notable features of personal loans for UAE nationals with no salary transfer required.
Deem Finance, acquired by the Gargash group in 2021, is another leading lending institution in the UAE serving a wide range of customers. It can make for a good choice as a provider of personal loan for UAE nationals with no salary transfer required, as applying for this loan is a rather quick process that also makes it popular among UAE nationals.
Deem life plus provides compensation in case of permanent total disability and death. Apart from the exclusive benefits, it offers round-the-clock assistance and complimentary account statements.
Abu Dhabi Commercial Bank (ADCB) offers multiple financial products and customer service that makes it one of the top choices regarding personal loans without salary transfer in the UAE. It offers a hassle-free documentation process, quick loan approval, and the top-up option to allow borrowers to get the requisite funds in no time.
As mentioned earlier, Emirates NBD can be an apt choice concerning personal loans in UAE. Apart from the UAE National product loan, Emirates NBD also provides non salary transfer personal loan to UAE nationals with quick approvals and easy documentation.
A personal loan is an ideal financial instrument to tackle all kinds of unexpected or personal expenses. Given the popularity and requirement, several lending institutions in the UAE provides personal loan without salary transfer to UAE nationals at competitive interest rates. However, keep in mind that you would need to qualify for the eligibility criteria to procure the loan without any delays. Additionally, keep all the documents handy to fast-track the loan approval process.
Policybazaar UAE plays a vital role in making the process of getting personal loans quick and simple. You can visit the Policybazaar UAE website (policybazaar.ae), click the 'Banking Products' located at the top of the page, and select the 'Personal Loans in the UAE' option.
Once you are on the personal loan page, fill out the lead form and find the appropriate loan matching your financial requirements at the most affordable interest or profit rates. In case you are stuck somewhere or unable to find the appropriate loan, you can reach out to our customer support team and pick the best one!
There are two types of interest rates charged on personal loans without salary transfer – flat interest rate and reducing interest rate. Multiple institutions in the UAE offer loans with both types of interest rates on personal loans, and borrowers can opt for the one that they find suitable.
Different lending institutions have pre-defined minimum monthly salary requirements to apply for a personal loan for UAE nationals with not salary required. You can visit the financial institution's official website and check all the required details before applying for a loan.
The maximum loan repayment tenure available for personal loans without salary transfer with most lending institutions is 48 months.