Personal Loan In UAE 3000 Salary

Are you looking for Personal Loan In UAE 3000 Salary then this blog post has all that you to get a personal and instant loan in UAE.

UAE employees are eligible for personal loans, even if they have a modest monthly income of 3000 AED. This will ensure that emergency expenses won’t be an issue. Although the borrowing limit set by UAE’s financial regulations may not seem large, it is a boon in times of desperate need.

The Advantages of Choosing a Personal Loan in UAE 3000 Salary

• It is collateral-free and doesn’t require any investment to guarantee the money lender.
• The bank takes a minimal time to approve your loan request and so you don’t have to wait for financial assistance to meet your needs.
• You get money at a faster rate and the right amount at the right moment to meet your immediate needs.
• The maximum amount that can be borrowed is , which is a large sum of AED 5 Lakh.
• The application process, as mentioned previously about the required documents is straightforward.
• The eligibility criteria to be eligible for the loan are simple and easy, even without major savings.

What documents do you need to keep at your disposal?

1. Salary statement.
2. UAE authorities issue ID cards.
3. A copy of your passport showing that you are a resident in the UAE.
4. Statements from your bank account in the past 3-6 months.
5. Trade License must be provided if you are self employed.

Banks offer loans

This guide will give you an overview of the banks that offer personal loans in UAE 3000.

1. Dubai Islamic Bank

• The bank offers a long repayment term of four years.
• Does not require the transfer of your salary.
• The early settlement charge is 1% of your loan amount.
• The flat rate and the reduction rate of 6%,, respectively, are also reasonable.
• This loan can be used to purchase terms that are in accordance with Sharia Law.
• This personal loan in UAE 3000 is the best choice for purchasing commercial machinery, home appliances or furniture.

2. RAKBANK

• This bank offers a personal loan at a reasonable rate with a 3.99% reducing rate.
• Salary transfer is required , but the amount of this loan serves your primary financial urgencies.
• Both the redemption fee and early settlement fees will be charged at 1% of the total amount borrowed.
• It also allows you to access a top up loan after the regular monthly payment for the first year.

3. Arab Bank

• This bank allows you to repay your loan within a flexible period of time.
• Salary transfer not required and the arrangement fees is only AED 1000
• A personal loan for UAE 3000 salary can also be obtained at a affordable rate of 5.99% from this bank, along with a redemption fee of 1%.
• An ongoing occupation of at least 3 months and 21 years old are all you need.

There are many options available if you want to borrow money and earn AED 300 per month in the UAE. This could eliminate the stigma of personal loans only being available to those with high incomes or large savings.