Dunia Finance Personal Loan
Dunia Finance is a financial institution established as a well-planned partnership among Mubadala Development, Fullerton Financial Holdings (a subsidiary of Temasek Holdings), AA Al Moosa Enterprises, and Waha Capital.
Dunia Finance works with a segmented and customer-centric approach to understand the needs of the customers. Only then, it offers suitable financial solutions. Dunia Finance offers a host of financial products & services that range from credit cards to loans, the facility of working capital for small business to deposits for non-individual customers.
Out of the various products and services, Dunia Finance personal loan is much sought after. It can be availed easily and repaid easily in monthly installments. Another attractive feature of this loan is that it does not require salary transfer and gets approved quickly within 2 days.
Features and Benefits of Dunia Finance Personal Loan
Here are a few features and benefits of Dunia Personal Loan:
The applicant can avail this personal loan at an attractive rate of interest of up to 39.99 percent per annum.
The borrower can easily repay the loan through EMIs. Dunia Personal Loan offers maximum repayment tenure of 48 months.
No Salary Transfer
For availing Dunia personal loan, salary transfer to Dunia Finance bank account is not compulsory.
Simple Application Process
The applicant can apply for this loan through a hassle-free and simple application process that involves easy documentation.
Upon the successful submission of the application form, (in case the applicant fulfills the eligibility criteria) their application gets approved within 2 business days (48 hours).
Direct Debit Facility
The borrower can pay their EMI automatically using the direct debit facility offered by the Dunia Finance Bank.
Credit Life Plus
This embedded program by Dunia Finance offers benefits to the borrower in the unfortunate cases of total permanent disability or death. Their requests are handled on a priority basis with free account statements and round the clock assistance.
Eligibility Criteria and Documents Required for Dunia Finance Personal Loan
|Minimum Monthly Income||5,000 AED|
|Mode of Receiving Monthly Salary||Transfer to bank account|
|ID proofs||Must have Emirates ID|
|ID/Address Proof||Valid Visa for UAE Residence, Passport, Emirates ID (copy), and Residence Proof|
|Bank Statement||Previous 3-6 months’ statements|
|Salary Proof||Income documents/ Pay slip (Recent)|
|Other Documents||Credit card with recent statement (copy)|
Interest Rates for Dunia Finance Personal Loan
The Dunia Finance Personal Loan Interest Rate is up to 39.99 percent per annum.
Please Note- The actual rate of interest that an applicant has to pay is calculated as per the credit evaluation and the risk profile of the applicant.
Frequently Asked Questions on Dunia Finance Personal Loan
Q 1- How long will it take for my personal loan application to get approved?
Ans: As per the applicable terms and conditions, your application for Dunia Finance Personal Loan gets approved quickly within 2 days.
Q 2- Is salary transfer compulsory for applying for Dunia personal loan?
Ans: No. Transferring your salary is not compulsory for applying for this loan.
Q 3- Do I need to submit my residence proof for the documentation of this personal loan?
Ans: Yes, You need to submit residence proof to apply for this personal loan.
Q 4- What are the ways to apply for Dunia Finance personal loan?
Ans: You can apply for Dunia Finance personal loan by visiting the nearest branch, through phone banking or through online banking.
Q 5- I am an employee and I wish to apply for this personal loan. What all documents do I need to submit?
Ans: You must submit a duly filled application form, bank statements of 3-6 months, recent income statements or pay slips. Apart from these, you need to have a copy of a valid Visa for UAE Residence, Passport, and Emirates ID. You also need to submit a valid residence proof, copy of your credit card along with the recent card statement.
Q 6- Can I settle my Dunia Personal Loan early?
Ans: Yes, You can opt for early settlement of your Dunia Personal Loan. However, you will have to pay an early settlement charge of 1.05 percent of the remaining balance (10,000 AED maximum).
Q 7- What is the processing fee charged for Dunia personal loan?
Ans: You have to pay a processing fee equal to 1 percent of the loan amount, where AED 500 is the minimum fee and AED 2500 is the maximum fee.
Q 8- Can I reschedule my personal loan?
Ans: Yes, You can reschedule your loan by paying a loan rescheduling charge of AED 105.
Q 9- Can I cancel my personal loan?
Ans: Yes, You can cancel your personal loan. However, you will have to pay a loan cancellation charge of AED 105.
Q 10- Can I use the top-up facility on this Dunia Finance personal loan?
Ans: Yes. You can use the loan top-up facility by paying a charge of 1 percent of the amount of loan, where 500 is the minimum fee and AED 2500 is the maximum fee.
Q 11- Can I apply for this personal loan if I receive my salary by cheque or by cash?
Ans: No, You can only opt for this Dunia Personal Loan if you get your salary every month in your bank account.
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