Personal Loan for Expats
| Islamic Finance | No |
| Minimum Salary | AED 8,000 |
| Minimum Age | N/A years |
| Maximum Age | N/A years |
| UAE Nationals Eligible | No |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Employed expats with valid residence visa and mandatory salary transfer. |
| Minimum Loan Amount | AED 50,000.00 |
| Maximum Loan Amount | AED 1,500,000.00 |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 60 months |
| Flat Interest Rate: | 6.99% - Fixed interest rate for expats, subject to credit assessment. |
| Reducing Interest Rate: | 7.25% - Reducing balance rate for expats; rates vary based on credit profile. |
| Processing Fee: | 1.00% - Processing fee of 1% of the loan amount. |
| Early Settlement Fee: | 1.00% - Early settlement fee of 1% on outstanding balance. |
| Late Payment Fee: | N/A |
| Insurance Fee: | N/A |
Required Documents
Passport, residence visa, salary certificate, bank statements.
Additional Benefits
Quick approval and flexible repayment options tailored for expats.
Features:
Mandatory salary transfer; competitive rates for expats; flexible tenure.
General Notes
Offer subject to eligibility, credit assessment, and terms and conditions.
