Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
NBF Personal Loan NBF Personal Loan Minimum Salary: AED 5,000 Salary Transfer: Yes Islamic Finance: No Maximum Term: 4 Years Flat Rate: 3.6% Reducing Rate: 6.5%
Achieve what you want from life with a Personal Loan that offers you competitive rates and flexible payment terms

 
Features
  • No hidden charges
  • Minimum documentation requirements
  • Quick processing time
  • Buy-out and top-up options available
  • Instalment deferment options available
Documents Required
  • A copy of your valid passport
  • A copy of your valid residency visa (for expatriates)
  • A copy of your current dated salary certificate (less than 30 days old)
  • Original bank statements dating back the last six months
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
RAKBANK - Personal Loan
Minimum Salary
AED 5000
Flat Rate
3.85%
Emirates NBD - Salary Transfer Personal Loans for Expatriates
Minimum Salary
AED 12000
Flat Rate
2.63%
Union National Bank - Personal Loans for Expatriates
Minimum Salary
AED 5000
Flat Rate
2.89%
Abu Dhabi National Islamic Finance - Personal Finance
Minimum Salary
AED 7000
Flat Rate
2.99%