testCompare Personal Loans in UAE | Compareit4me
Product of the Month
ADIB - Personal Finance for Expats
3.85%
Flat Rate
6.99%
Reducing Rate
AED 8,000
Minimum Salary
Yes
Salary Transfer
X
Compare Personal Loans
Cannot add more products.
X
Compare Personal Loans
Provider Minimum Salary Flat Rate Reducing Rate Salary Transfer
Citibank - Personal Installment Loan Citibank - Personal Installment Loan Minimum Salary: AED 5,000 Flat Rate: - Reducing Rate: 17.99% Salary Transfer: No Compare
Citibank - Salary Transfer Loan Citibank - Salary Transfer Loan Minimum Salary: AED 8,000 Flat Rate: - Reducing Rate: 4.99% Salary Transfer: Yes Compare
Commercial Bank of Dubai - Personal Loan Commercial Bank of Dubai - Personal Loan Minimum Salary: AED 8,000 Flat Rate: 3.14% Reducing Rate: 5.75% Salary Transfer: Yes Compare
Noor Bank Personal Finance Noor Bank Personal Finance Minimum Salary: AED 5,000 Flat Rate: 2.49% Reducing Rate: 4.56% Salary Transfer: Yes Compare
FGB - Salary Transfer Loan (FGB Accelerator) FGB - Salary Transfer Loan (FGB Accelerator) Minimum Salary: AED 15,000 Flat Rate: 0% Reducing Rate: 0% Salary Transfer: Yes Compare
Emirates NBD - ٍSalary Transfer Personal Loan for UAE Nationals Emirates NBD - ٍSalary Transfer Personal Loan for UAE Nationals Minimum Salary: AED 12,000 Flat Rate: 2.63% Reducing Rate: 5.99% Salary Transfer: Yes Compare
Emirates NBD - Non Salary Transfer Personal Loan Emirates NBD - Non Salary Transfer Personal Loan Minimum Salary: AED 30,000 Flat Rate: 7.9% Reducing Rate: 14.99% Salary Transfer: No Compare
Emirates NBD - Self Employed Personal Loan for Professionals Emirates NBD - Self Employed Personal Loan for Professionals Minimum Salary: AED 20,000 Flat Rate: 10.01% Reducing Rate: 18.99% Salary Transfer: No Compare
NBAD - Personal Loan NBAD - Personal Loan Minimum Salary: AED 7,000 Flat Rate: 2.49% Reducing Rate: 4.49% Salary Transfer: Yes Compare
NBAD - Personal Loan for UAE Nationals NBAD - Personal Loan for UAE Nationals Minimum Salary: AED 7,000 Flat Rate: 2.63% Reducing Rate: 4.74% Salary Transfer: Yes Compare
CBD Absher Personal Finance CBD Absher Personal Finance Minimum Salary: AED 8,000 Flat Rate: 2.45% Reducing Rate: 4.48% Salary Transfer: Yes Compare
HSBC - Personal Loan HSBC - Personal Loan Minimum Salary: AED 7,500 Flat Rate: - Reducing Rate: 5.99% Salary Transfer: Yes Compare
Al Wifaq Personal Finance Al Wifaq Personal Finance Minimum Salary: AED 5,000 Flat Rate: 2.7% Reducing Rate: 4.86% Salary Transfer: No Compare
United Arab Bank - Personal Loans for Expatriates United Arab Bank - Personal Loans for Expatriates Minimum Salary: AED 6,000 Flat Rate: 3.05% Reducing Rate: 5.49% Salary Transfer: No Compare
Union National Bank - Personal Loans for Expatriates Union National Bank - Personal Loans for Expatriates Minimum Salary: AED 5,000 Flat Rate: 2.92% Reducing Rate: 5.25% Salary Transfer: Yes Compare
United Arab Bank - Personal Loans for UAE Nationals United Arab Bank - Personal Loans for UAE Nationals Minimum Salary: AED 6,000 Flat Rate: 3.05% Reducing Rate: 5.49% Salary Transfer: Yes Compare
United Arab Bank - Cash Flow Loans United Arab Bank - Cash Flow Loans Minimum Salary: AED 10,000 Flat Rate: 2.18% Reducing Rate: 3.99% Salary Transfer: No Compare
ADCB Islamic Banking - Personal Finance for UAE Nationals ADCB Islamic Banking - Personal Finance for UAE Nationals Minimum Salary: AED 5,000 Flat Rate: 2.75% Reducing Rate: 4.99% Salary Transfer: Yes Compare
Dubai Islamic Bank - Sukuk Finance Expats Dubai Islamic Bank - Sukuk Finance Expats Minimum Salary: AED 5,000 Flat Rate: 4.99% Reducing Rate: 8.99% Salary Transfer: No Compare
Mashreq New to UAE or New to Employer Personal Loan Mashreq New to UAE or New to Employer Personal Loan Minimum Salary: AED 7,000 Flat Rate: 4.1% Reducing Rate: 7.38% Salary Transfer: No Compare
Simplylife - Salary Transfer Loans Simplylife - Salary Transfer Loans Minimum Salary: AED 5,000 Flat Rate: 4.17% Reducing Rate: 7.5% Salary Transfer: Yes Compare
ADIB - Debt Settlement for Expats ADIB - Debt Settlement for Expats Minimum Salary: AED 5,000 Flat Rate: 3.18% Reducing Rate: 5.49% Salary Transfer: Yes Compare
Standard Chartered Bank - Personal Loan Standard Chartered Bank - Personal Loan Minimum Salary: AED 8,000 Flat Rate: 3.55% Reducing Rate: 6.39% Salary Transfer: Yes Compare
Commercial Bank International - Personal Loan Commercial Bank International - Personal Loan Minimum Salary: AED 8,000 Flat Rate: 2.61% Reducing Rate: 4.75% Salary Transfer: Yes Compare
Emirates Islamic - Personal Finance Emirates Islamic - Personal Finance Minimum Salary: AED 5,000 Flat Rate: 4.7% Reducing Rate: 8.46% Salary Transfer: No Compare
Abu Dhabi National Islamic Finance - Personal Finance Abu Dhabi National Islamic Finance - Personal Finance Minimum Salary: AED 7,000 Flat Rate: 2.99% Reducing Rate: 5.5% Salary Transfer: Yes Compare
Union National Bank - House Rent Loan Union National Bank - House Rent Loan Minimum Salary: AED 10,000 Flat Rate: 5.0% Reducing Rate: 9.0% Salary Transfer: No Compare
NBF Personal Finance NBF Personal Finance Minimum Salary: AED 5,000 Flat Rate: 3.6% Reducing Rate: 6.5% Salary Transfer: Yes Compare
NBF Personal Loan NBF Personal Loan Minimum Salary: AED 5,000 Flat Rate: 3.6% Reducing Rate: 6.5% Salary Transfer: Yes Compare
ADCB - Smart Loan ADCB - Smart Loan Minimum Salary: AED 8,000 Flat Rate: 8.89% Reducing Rate: 16.0% Salary Transfer: No Compare
Al Hilal Bank Personal Finance for Expats Al Hilal Bank Personal Finance for Expats Minimum Salary: AED 7,000 Flat Rate: 3.0% Reducing Rate: 5.4% Salary Transfer: No Compare
Al Hilal Bank Personal Finance for UAE Nationals Al Hilal Bank Personal Finance for UAE Nationals Minimum Salary: AED 10,000 Flat Rate: 3.0% Reducing Rate: 5.4% Salary Transfer: No Compare
Emirates Money Loan Against Gold Emirates Money Loan Against Gold Minimum Salary: AED 60,000 Flat Rate: 4.96% Reducing Rate: 9.0% Salary Transfer: No Compare
Emirates Money Loan against Deposits Emirates Money Loan against Deposits Minimum Salary: AED 0 Flat Rate: 2.78% Reducing Rate: 5.0% Salary Transfer: No Compare
al khaliji France - Personal Loan al khaliji France - Personal Loan Minimum Salary: AED 25,000 Flat Rate: - Reducing Rate: 6.99% Salary Transfer: Yes Compare
Union National Bank  - Personal Loan for UAE Nationals Union National Bank - Personal Loan for UAE Nationals Minimum Salary: AED 5,000 Flat Rate: 2.36% Reducing Rate: 4.5% Salary Transfer: No Compare
RAKBANK - Personal Loan RAKBANK - Personal Loan Minimum Salary: AED 3,000 Flat Rate: 3.85% Reducing Rate: 5.99% Salary Transfer: Yes Compare
ADIB - Personal Finance for UAE Nationals ADIB - Personal Finance for UAE Nationals Minimum Salary: AED 8,000 Flat Rate: 3.72% Reducing Rate: 6.75% Salary Transfer: Yes Compare
ADIB - Debt Settlement for UAE Nationals ADIB - Debt Settlement for UAE Nationals Minimum Salary: AED 5,000 Flat Rate: 3.45% Reducing Rate: 6.25% Salary Transfer: Yes Compare
ADIB - Education Finance for Expats ADIB - Education Finance for Expats Minimum Salary: AED 5,000 Flat Rate: 3.85% Reducing Rate: 6.99% Salary Transfer: Yes Compare
ADIB - Education Finance for UAE Nationals ADIB - Education Finance for UAE Nationals Minimum Salary: AED 5,000 Flat Rate: 3.72% Reducing Rate: 6.75% Salary Transfer: Yes Compare
ADIB - Travel Finance for Expats ADIB - Travel Finance for Expats Minimum Salary: AED 5,000 Flat Rate: 3.85% Reducing Rate: 6.99% Salary Transfer: Yes Compare
ADIB - Travel Finance for UAE Nationals ADIB - Travel Finance for UAE Nationals Minimum Salary: AED 5,000 Flat Rate: 3.72% Reducing Rate: 6.75% Salary Transfer: Yes Compare
ADIB - Boat Finance for Expats ADIB - Boat Finance for Expats Minimum Salary: AED 10,000 Flat Rate: 3.85% Reducing Rate: 6.99% Salary Transfer: Yes Compare
ADIB - Boat Finance for UAE Nationals ADIB - Boat Finance for UAE Nationals Minimum Salary: AED 10,000 Flat Rate: 3.72% Reducing Rate: 6.75% Salary Transfer: Yes Compare
NBAD - Personal Loan for Expats NBAD - Personal Loan for Expats Minimum Salary: AED 7,000 Flat Rate: 2.61% Reducing Rate: 4.74% Salary Transfer: Yes Compare
Commercial Bank International - Revolving Overdraft Commercial Bank International - Revolving Overdraft Minimum Salary: AED 8,000 Flat Rate: - Reducing Rate: - Salary Transfer: Yes Compare
ADCB Islamic Banking - Personal Loan for UAE Nationals ADCB Islamic Banking - Personal Loan for UAE Nationals Minimum Salary: AED 5,000 Flat Rate: 2.75% Reducing Rate: 4.99% Salary Transfer: Yes Compare
ADCB - Personal Loan for UAE Nationals ADCB - Personal Loan for UAE Nationals Minimum Salary: AED 10,000 Flat Rate: 2.75% Reducing Rate: 4.99% Salary Transfer: No Compare
Dubai Islamic Bank - Sukuk Finance Expats Dubai Islamic Bank - Sukuk Finance Expats Minimum Salary: AED 5,000 Flat Rate: 4.99% Reducing Rate: 8.99% Salary Transfer: No Compare
ADCB - Personal Loan for Expatriats ADCB - Personal Loan for Expatriats Minimum Salary: AED 5,000 Flat Rate: 3.45% Reducing Rate: 6.21% Salary Transfer: Yes Compare
Dunia Finance - Personal Loan Dunia Finance - Personal Loan Minimum Salary: AED 5,000 Flat Rate: 22.22% Reducing Rate: 39.99% Salary Transfer: No Compare
Emirates NBD - Debt Consolidation Emirates NBD - Debt Consolidation Minimum Salary: AED 8,000 Flat Rate: 4.44% Reducing Rate: 7.99% Salary Transfer: Yes Compare
« »
Got a question?
Can I transfer my loan to a different bank that charges lower interest?
Yes, certain banks do allow you to transfer an existing loan to another provider that charges a lower rate of interest.
Do I need to take out insurance on my personal loan?
Some loan providers may provide insurance cover on your loan. If not, we advise that you take out your own insurance to cover you in the event of being unable to repay your loan due to loss of job, illness or death.
What if I need to extend my personal loan?
If you wish to extend your personal loan, contact your loan provider. They may be happy to extend your current loan or you may be able to refinance which means you buy out your loan by another bank.
What documents do I need in order to apply for a personal loan?
This will depend on your chosen loan provider but in most cases, you will need to show:
  • Salary Transfer Certificate
  • Copy of valid passport
  • Proof of UAE residency status
  • Three months of bank statements that reflect regular salary credits
What is the difference between Flat and Reducing Interest Rates?
Rates on personal loans can be calculated in two ways - as a reducing rate or as a flat rate. With a flat rate, the rate is calculated on the entire principal amount of a loan (the full, original amount borrowed) whereas with a reducing interest rate, interest is charged only on the outstanding amount of the loan on a periodic basis. Flat interest rates are normally lower than the reducing balance rate and therefore considered misleading. When it comes to comparing loans, the best way to compare their true cost is to convert everything into the Reducing Interest Rate equivalent (click here for more information)
What is an early settlement fee?
This relates to the fee applicable if you decide to pay off your loan early. If, for example, you take a personal loan for three years but expect to be in a position to pay if off before then, any early settlement fee becomes an important factor in choosing your loan provider. The UAE Central Bank caps the early repayment fee at 1% of the outstanding loan amount.
What key criteria should I consider before taking out a personal loan?
  • Amount required – UAE banks have a maximum loan amount they will provide you so decide how much you want to borrow and then compare those banks whose maximum loan amounts exceed this. There is a maximum loan amount determined by whether you are a UAE national or an expat
  • Minimum salary requirement – UAE banks normally impose a minimum salary required to take out a personal loan so select a provider from those whose minimum salary requirement is less or the same as your salary
  • Interest rates – do flat or reducing interest rates apply? See below for details of how these differ
  • Fees – consider all fees applicable such as arrangement fees and early settlement fees
  • Other benefits – does the bank provide options for a payment holiday
What can I use a personal loan for?
You can use a personal loan for any number of reasons. They are often taken out to cover the costs of travel, a marriage or home improvements. As the name suggests, a personal loan can be used for any personal purpose.
How do I choose a personal loan provider?
Compare, compare, compare! Use our smart comparison tools to choose the best personal loan for you.