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Personal Loan in UAE 3000 salary

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Personal Loan in UAE

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  • Hassle-free documentation
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

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Personal loans are unsecured credits meant to provide easy finance to customers for a variety of reasons. The best part about personal loans in UAE is that they are approved and issued almost instantly with minimum paper work in comparison to other forms of loan.

The eligibility criteria for getting personal loans in UAE is provider specific. Some of the providers issue personal loans in UAE AED 3000 salaries while others have a minimum salary criteria of AED 4000.

Another common question is  - What is the maximum that can be issued against an AED 3000 salary. The answer to this question depends on a variety of factors. As mentioned earlier, the eligibility, loan amount, documents required, and processing time differ from one provider to another.

However, to answer your queries we’ve put together a list of banks that offer a personal loan in UAE 3000 salary with their maximum loan amount. We will try and cover all the personal loan providers that offer a personal loan in UAE on 3000 salary along with their detailed structures and characteristics to give you a better idea.

Top Banks That are Offering Personal Loans in UAE on AED 3000 Salary 

  1. Dubai Islamic Bank Personal Loan
  2. RAKBANK Personal Loan
  3. ARAB Bank Personal Loan

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1. Dubai Islamic Bank Personal Loan

DIB also is known as the Dubai Islamic Bank is one of the leading financial institutions in the UAE that offers personal loan in UAE 3000 salary at interest rate of 6% per annum along with a high loan amount i.e. AED 2 million for expatriates and 4 million for UAE nationals )and flexible repayment tenure of 48 months. The bank charges an arrangement fee AED 1000. They also offer personal loans in UAE without salary transfer. The DIB personal loan at minimum salary of AED 3000 is an excellent option to fulfill your emergency financial needs medical assistance, education, rent, etc.

There are majorly four types of personal loan with minimum salary 3000 by the Dubai Islamic Bank. All four products share a common feature of minimum salary requirement AED 3000. Here is a quick rundown – 

  1. Dubai Islamic Bank Al Islami Ijarah for Expatriates
  2. Dubai Islamic Bank Al Islami Ijarah for UAE Nationals
  3. Dubai Islamic Bank Al Islami Goods Finance for Expats

Dubai Islamic Bank Al Islami Ijarah for Expatriates

First off on the list we have the Dubai Islamic Bank Al Islami Ijarah for expatriates in the UAE. Dubai Islamic bank commonly known as DIB is one of the most reliable financial institutions in the UAE that offers personal loans to both expatriates and UAE nationals.

The bank is known for its Shariah-compliant Islamic services that offer a wide variety of finance and insurance-related services. One of the services offered by Dubai Islamic Bank is personal loans for both expatriates and UAE nationals residing in the Emirates.

The DIB Al Islami Ijarah for expatriates is issued at a minimum salary of AED 3000 making it an effective option for people looking for personal loan in UAE 3000 salary. The eligibility criteria and other details are as follows-

Minimum Salary

AED 3000

Salary Transfer

No

Maximum finance amount

AED 1,000,000

Arrangement Fee

AED 1000

Reducing/Flat Interest Rate

6%/11%

Early Settlement Fee

1%

The DIB Al Islami Ijarah for expatriates provides a maximum loan amount of up to AED 1,000,000 against a minimum salary of AED 3000.

Click here to Apply for Personal Loan in UAE for AED 3000 Salary

Dubai Islamic Bank Al Islami Ijarah for UAE Nationals

The Dubai Islamic Bank offers personal loans at 3000 salaries for both expatriates as well as UAE nationals. This personal loan for DIB for UAE nationals can be used for a wide variety of purposes depending on the requirement of the user. Right from paying for furniture, travel, rent, marriage, and educational expenses personal loan.  

The DIB Al Islami Ijarah for UAE nationals is issued at a minimum salary of AED 3000 making it an effective option for people looking for a personal loan at  AED 3000 salary in UAE. The eligibility criteria and other details are as follows-

Minimum Salary

AED 3000

Salary Transfer

No

Maximum finance amount

AED 2,000,000

Arrangement Fee

AED 1000

Reducing/Flat Interest Rate

6%/11%

Early Settlement Fee

1%

The DIB Al Islami Ijarah for expatriates provides a maximum loan amount up to AED 2,000,000 against a minimum salary of AED 3000.

Click here to Apply for Personal Loan for AED 3000 salary in UAE

Dubai Islamic Bank Al Islami Goods Finance for Expats

DIB is one of the premium financial institutions that provides personal loans to both expats and UAE nationals. The DIB Al Islami Goods finance for expats is a specialized personal designed for expats residing in the Emirates. This type of Dubai Islamic bank personal loan is issued at a minimum salary requirement of AED 3000 with a maximum loan amount equivalent to AED 2,000,000.

The eligibility criteria and other details of the DIB Al Islami Goods finance for expats in UAE are as follows-

Minimum Salary

AED 3000

Salary Transfer

No

Maximum finance amount

AED 2,000,000

Arrangement Fee

AED 1000

Reducing/Flat Interest Rate

6%/11%

Early Settlement Fee

1%

Click here to Get Personal Loan In UAE 3000 Salary

Eligibility Criteria for DIB Personal Loan in UAE 3000 Salary

If you want to get a personal loan in UAE 3000 salary, you should first check whether you meet the lender’s minimum income criteria. Keep in mind that the lender will only consider your loan application if your monthly salary and loan repayment ability meet their requirements. Apart from this, you will also   need to check if you meet the other eligibility specified by the bank, which are as follows:

  • You must be at least 21 years old.
  • You must be currently employed in government companies, private companies, or public sector firms that are eligible to apply for personal finance.
  • You must be 60-65 years at the time of loan maturity.
  • You must be currently working for around 3 to 6 months. However, it may differ from one bank to another
  • Your credit score should be equivalent to or greater than the bank’s pre-decided limit for availing personal loan in UAE 3000 salary

Documents Required to Apply for DIB Personal Loan in UAE with 3000 Salary 

In order to get consumer finance in the UAE, you need to submit the following documents:

  • Loan application form – completed and duly signed
  • Emirates ID
  • Passport copy with UAE resident visa (for expats) Salary transfer letter for salary certificate
  • Bank account statement of 3 or 6 months For Self-employed individuals- Trade License
  • Salary slip

*Please note that you may need to submit some additional documents as per the sole discretion of the bank.

2. RAKBANK Personal Loan

National Bank of Ras-Al-Khaimah PJSC commonly known as RAKBANK is a public joint-stock company that offers shariah-compliant financial services in the UAE for both expatriates and UAE nationals. RAKBANK offers personal loans to expatriates at effective interest rates making it one of the most popular financial institutions in the UAE.          

The RAKBANK personal loan is issued at a minimum salary requirement of AED 3000 with salary transfer. The eligibility criteria and other details of RAKBANK personal loan in UAE 3000 salary are as follows-

Minimum Salary

AED 3000

Salary Transfer

Yes

Maximum finance amount

AED 1,500,000

Arrangement Fee

1%

Reducing/Flat Interest Rate

3.3%/5.99%

Early Settlement Fee

1%

Interest rate and maximum loan amount are subject to change. Please refer to the provider’s website for confirmation.

Click here to Apply Personal Loan in UAE with 3000 Salary

Eligibility Criteria for RAKBANK Personal Loan in UAE with 3000 Salary 

  • You must be at least 21 years old.
  • You must be currently employed in government companies, private companies, or public sector firms that are eligible to apply for personal finance with a minimum salary of AED 3000.
  • You must be 60 years at the time of maturity for expatriates and 65 years for UAE nationals at the time of loan maturity.
  • You must be currently working for around 3 to 6 months or self-employed for the same period
  • Your credit score should be equivalent to or greater than the bank’s pre-decided limit for availing personal loan in UAE 3000 salary

Documents Required to Apply for RAKBANK Personal Loan in UAE with 3000 Salary

In order to get consumer finance in the UAE, you need to submit the following documents:

  • Loan application form – completed and duly signed
  • Emirates ID
  • Passport copy with UAE resident visa (for expats) Salary transfer letter for salary certificate
  • Bank account statement of last 3 or 6 months For self-employed individuals- Trade License

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3. ARAB Bank Personal Loan

The Arab Bank is a renowned financial institution that renders banking and financial services all across the UAE. The Arab bank offers personal loans at zero minimum salary along with interest rates up to 5.99%. The maximum loan amount available in case Arab bank personal with 3000 salary is equivalent to AED 550,000 coupled with flexible repayment tenor. 

Minimum Salary

AED 0 ZERO

Salary Transfer

Not Required

Max Finance Amount

AED 550,000

Arrangement Fee

AED 1000

Reducing Rate

5.99%

Early Settlement Fee

1%

Click here to Get ARAB Bank Personal Loan Minimum Salary 3000

Eligibility Criteria for ARAB BANK Personal Loan in UAE with 3000 Salary 

  • The minimum age of the applicant must be at least 21 years.
  • The applicant must be currently employed with firms or companies that are eligible to apply for personal finance with a minimum salary of AED 3000.
  • The applicant must be 60 years at the time of maturity for expatriates and 65 years for UAE nationals at the time of loan maturity.
  • The applicant must be currently working for around 3 to 6 months or self-employed for the same period
  • Your credit score should be equivalent to or greater than the bank’s pre-decided limit for availing personal loan in UAE 3000 salary

Documents Required to Apply for ARAB BANK  Personal Loan in UAE with 3000 Salary

Here’s a quick rundown on the different documents required to apply for ARAB BANK personal loan in UAE below 3000 monthly salary 

  • Loan application form – completed and duly signed
  • Emirates ID
  • Passport copy with UAE resident visa (for expats) Salary transfer letter for salary certificate
  • Bank account statement of last 3 or 6 months
  • For self-employed individuals- Trade license
  • Salary Slip

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Things to Consider When Borrowing a Personal Loan in UAE with AED 3000 Salary

Rate of Interest:

The personal loan interest rate levied by the bank when you borrow a loan significantly affects the cost of your loan. So, if you charged a high rate of interest on a personal loan, your total interest outgo over the period of loan tenure will be higher thereby causing you to pay more. That is why it is highly recommended that you compare the rate of interest charged for different personal loans before applying for the one.

Assess Other Fees & Charges:

When determining the total cost of a consumer loan, it is imperative to consider other fees & charges levied by the bank.

Check Your Credit Score:

 Before applying for a loan, make sure you check your credit score. It is yet another major factor upon which the lender decides whether to give you a loan or not. So, your credit score must be good to be eligible for personal finance since it depicts your repayment behaviour.

Crosscheck the Payable EMI:

After borrowing a loan from the bank, you will have to repay the loan amount through equated monthly instalments. Missing even one EMI payment could hurt your credit score significantly which makes it tough for you to avail any sort of finance in the future. Therefore, it is quite important that you check the payable monthly instalments by using a personal loan EMI calculator.

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Benefits of Personal Loan in UAE 3000 Salary

There are numerous benefits of opting for personal loan in the UAE, some of them are listed below -

  • Easy approval and disbursement
  • Less documentation
  • It’s unsecured
  • Can be used to fuel in finances in personal projects
  • Flexible repayment tenor

Conclusion

Personal loans in UAE are perfect tools for financing your immediate financial requirements. In order to find out the best financial institution that issues the best suited personal loan in UAE on AED 3000 salary make sure you compare different providers base on features and maximum loan amount to get the best deal.

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