Personal Loan Interest Rates

A personal loan is further divided into 2 categories Eg: salary transfer loan and non-salary transfer loan. Salary transfer loan is economical whereas non-salary transfer loan is usually expensive as compared with STL. However, there is much difference in terms of loan amount, documentation and tenure, etc in both loans.

Eligibility Criteria

  • 1. Salary: 5k & above.
  • 2. Age: 21 to 60 years.
  • 3. Length of service: 3 months or confirmed.
  • 4. Company: Open for both listed & non-listed companies.
  • 5. AECB: Existing credit history is preferred, though not mandatory.

Mandatory Requirements

  • 1. A valid copy of Passport, Resident visa, and Emirates ID.
  • 2. Salary transfer letter/Salary certificate.
  • 3. 3 months bank statement.