In UAE, Banks and Non Banking Finance Companies are offering Personal Loans. Each finance companies have its own criteria and interest rates. Most of the Banks and Finance Companies offer loans for the employees of Listed Companies.
Who are Eligible for loans ?
Salaried employees with monthly Salary Credit in Bank or Exchange are eligible.
Salary Criteria for Personal Loans
Salary starting from 4000 + Allowances are eligible for loan.
( Allowances include Company Accommodation, Monthly Overtime or Incentives, Bonus, Medical Insurance, Air Ticket, Transportation).
Loan Amount
This depends on your Salary and existing liabilities.
Repayment Tenure
Maximum Tenure is 4 Years .
Processing Time
Takes only 3 Days for Approval.
Company Criteria
Can do loan for Listed or Non Listed Companies.
Documents Required
For Salaried
- Original Salary Certificate.
- Last 6 Months Original Salary Slips(for Variable Salary).
- Last 6 months original Bank Statement.
- Copies of Passport, Visa, Emirates Id.
- One Cheque.
- Additional Documents,if any.
For Self Employed
- Last 6 months original Bank Statement( Company Account or Savings Account)
- Copies of Passport, Visa, Emirates Id.
- Trade License, MOA, Tenancy Contract.
- One Cheque.
- Additional Documents,if any.
For More Details
Call or WhatsApp : 052 597 4056
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