Personal Loan upto 8 times your salary
Personal Loan up to 8 times your Salary
Typically personal loan in UAE 3000 salary is offered at interest rates (2.9-6.5%) that is a bit higher than other conventional loans since they are provided without any collateral with flexible repayment tenors up to 48 months. However, with the rising population in the UAE, few banks do offer a personal loan for both expatriates as well as UAE nationals. But there are several things that you would need to know if you apply for personal loans in UAE with a low salary as the risk assessment procedure is greater.
If you are looking for personal loan in UAE with AED 3000 salary Dubai Islamic Bank (DIB), RAKBANK and ARAB Bank are some of financial institutions that offer them. The lenders offer personal loans Salary to meet the various financial requirements of its customers.
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 –
The Dubai Islamic Bank Al Islami Goods Finance for UAE nationals is a personal financing product from DIB that is offered at an interest rate 6% per annum.
Minimum Salary |
AED 3000 |
Salary Transfer |
Not Required |
Max Finance Amount |
AED 4,000,000 |
Arrangement Fee |
AED 1000 |
Reducing Rate |
6% |
Early Settlement Fee |
1% |
Minimum Salary |
AED 3000 |
Salary Transfer |
Not Required |
Max Finance Amount |
AED 1,000,000 |
Arrangement Fee |
AED 1000 |
Reducing Rate |
6% |
Early Settlement Fee |
1% |
Minimum Salary |
AED 3000 |
Salary Transfer |
Not Required |
Max Finance Amount |
AED 2,000,000 |
Arrangement Fee |
AED 1000 |
Reducing Rate |
6% |
Early Settlement Fee |
1% |
Minimum Salary |
AED 3000 |
Salary Transfer |
Not Required |
Max Finance Amount |
AED 2,000,000 |
Arrangement Fee |
AED 1000 |
Reducing Rate |
6% |
Early Settlement Fee |
1% |
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:
In order to get consumer finance in the UAE, you need to submit the following documents:
*Please note that you may need to submit some additional documents as per the sole discretion of the bank.
RAKBANK is another financial institution that offers personal loans in the UAE at a minimum salary of AED 3000. The bank offers collateral free personal loan with reducing interest rates up to 5.99% with a flexible repayment tenor of 48 months. RAKBANK personal loan with minimum salary of AED 3000 is offered with a feature of early settlement and a fee of 1% is charged on the outstanding amount as an early settlement fee.
Minimum Salary |
AED 3000 |
Salary Transfer |
Not Required |
Max Finance Amount |
AED 1,500,000 |
Arrangement Fee |
1% of the financing amount |
Reducing Rate |
5.99% |
Early Settlement Fee |
1% |
In order to get consumer finance in the UAE, you need to submit the following documents:
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% |
Here’s a quick rundown on the different documents required to apply for ARAB BANK personal loan in UAE below 3000 monthly salary
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.
When determining the total cost of a consumer loan, it is imperative to consider other fees & charges levied by the bank.
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.
After borrowing a loan from the bank, you will have to repay the loan amount through equated monthly installments. 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 installments by using a personal loan EMI calculator.
Here’s a quick rundown on the main benefits of personal loans in UAE 3000 salary-
If you want to avail a Personal Loan in UAE 3000 Salary then it becomes quite important for you to check and compare the eligibility criteria of different banks and financial institutions before applying for a loan since it will reduce the chances of your loan application getting rejected. If you would not meet the eligibility criteria required by the respective bank then chances are high that the bank will reject your loan application. So, apply for a personal loan from that lender only whose eligibility criteria matches with your profile.