Personal Loan
| Islamic Finance | No |
| Minimum Salary | AED 3,000 |
| Minimum Age | 21 years |
| Maximum Age | 60 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Applicants must maintain an active UAB salary transfer account with proof of income. |
| Minimum Loan Amount | AED 50,000.00 |
| Maximum Loan Amount | AED 2,000,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | 4.89% - Fixed interest rate on a reducing balance basis, starting from 4.89% and remaining constant for the loan period. |
| Reducing Interest Rate: | 4.89% - Interest calculated on a reducing balance; rate remains fixed throughout the loan term. |
| Processing Fee: | 1.00% - Loan processing fee of 1% of the loan amount (min AED 525, max AED 2,625 inclusive of VAT). |
| Early Settlement Fee: | 1.00% - Early settlement fee of 1% of the remaining balance, capped at AED 10,500 plus VAT. |
| Late Payment Fee: | 2.00% - Late payment fee of 2% of the installment (minimum AED 52.05, maximum AED 210). |
| Insurance Fee: | 0.02% - Life insurance fee at approximately 0.0154% per month based on the loan amount. |
Required Documents
Emirates ID, passport copy, salary certificate, bank statements, and a completed loan application form.
Promotions
Quick approvals and flexible repayment terms are highlighted.
Additional Benefits
Generous loan limits with fixed EMI options designed for personal financial needs.
Features:
Unsecured personal loan with competitive fixed interest rates, tailored for both UAE Nationals and expatriates.
General Notes
Subject to UAB’s credit assessment, terms, and UAE Central Bank regulations. A cooling‐off period of 5 business days applies.
