ADIB
ADIB’s personal finance options offer benefits such as competitive profit rate, repayment period of up to 48 months, no instalment for the first three months, free postponement of payback and free ADIB VISA cashback card. ADIB is currently running a campaign for debt consolidation at concessionary rates with no processing fee. Its maximum personal finance amount is Dh1 million for expatriates and Dh3 million for UAE nationals.
ADCB
ADCB’s loans range from Dh15,000 to Dh800,000 depending on salary and debt burden ratio eligibility. It offers competitive rates of interest. Citibank
Citibank offers personal loans with or without salary transfer. It offers loans up to Dh250,000 and interest rates start at 5.99 per cent.
HSBC
HSBC offers personal loan approval in 30 minutes and up to two payment holidays annually. UAE nationals are eligible for a maximum loan of Dh750,000 and expats up to Dh500,000. Interest rates start at 6.99 per cent.
RAKBANK
If you transfer your personal loan from another bank to RAKBANK, you can enjoy a host of privileges. After six months of regular repayments, you can apply for a one-month deferred payment plan and after a year of regular loan repayments you can top up your loan to the original amount. You don’t need to maintain
a minimum balance and can get free insurance protection up to the value of your loan.
Mashreq
Mashreq has designed a financial solution for customers who are new to the UAE or their jobs with products including current accounts, personal loans, revolving overdraft, auto loans and credit cards. All you need to have is a minimum salary of Dh7,000 and your employer needs to be part of the approved list of companies with Mashreq. Loan amounts range from Dh15,000 to Dh150,000.
