Personal Loans for Expats

Personal Loan up to 8 times your Salary

Personal Loan in UAE
  • Minimum Salary 5000 AED
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate

next-icon

Get personal loan at Lowest Interest Rate

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

With a personal loan in UAE for expats, you can get funds for various personal needs — education, home improvements, marriage, or simply unexpected expenses.

Taking note of the UAE's diverse expatriate population, many banks and financial institutions have tailored their loan products to cater to expats. These loans typically have competitive interest rates, flexible repayment terms, and simplified application processes.

Which are the Best Personal Loans in UAE for Expats?

 

Wondering which bank is best for personal loan? While the specific answer will depend on your profile and what you require, you can check the table below for an idea about some of the best personal loans in UAE for expatriates:

Name of the Personal Loan Product Features and Benefits Loan or Finance Amount of Up to Apply
FAB Personal Loan for Expats
  • Loan interest rates starting from 5.34% per annum
  • Enjoy a grace period of 275 days before the first instalment
AED 2 million Apply Now
Emirates NBD Salary Transfer Loans for Expats
  • 7-day return option
  • Flexible loan repayment tenure of up to 48 months
  • Up to 2 non-consecutive deferments in a loan cycle
  • Deferment period of up to 60 days before the first payment
  • Get a free zero-balance account
AED 3 million Apply Now
UAB Personal Loans for Expats
  • Loan repayment tenure of up to 48 months
  • Competitive interest rates starting from 5.24% per annum
  • ‘Buy Out’ feature available
  • Get a free credit card for the first year
  • Features like loan top-up and deferment period
  • Revolving overdraft facility
AED 1.5 million Apply Now
RAKBANK Personal Loan
  • Swift approval — as fast as within 7 days of the application
  • Easily switch existing loans from other banks to RAKBANK
  • Top up the existing loan after one year of regular payments
  • Competitive interest rates starting from 5.49% to 19.99% reducing rate per annum
NA Apply Now
CBD Personal Loan
  • Repayment tenure — up to 48 months
  • No minimum balance required to maintain the account
  • Loan top-up available
  • Get a free debit card for withdrawals and purchases
  • Enjoy loan deferments
AED 750,000 Apply Now

Eligibility Criteria for a Personal Loan in UAE for Expats

Given below are the general criteria for personal loans in UAE for expats -

Eligibility Criteria Requirements
Age You must be at least 21 years old
Employment Status You must be either a salaried or a self-employed individual
Salary You must have a minimum monthly salary of AED 5,000

Note: Your respective bank may have other eligibility criteria. Make sure to confirm before applying.

Know all about Your Personal Loan Eligibility

Personal Loan for Expatriates in the UAE: Documents List

Here is a checklist of the documents required for a personal loan in UAE -

  • Emirates ID
  • Passport
  • Residence visa (applicable to expatriates)
  • Duly filled application form
  • Loan agreement

Note: All the documents — original or copies — must be valid. You may be required to send additional documents as required by the bank.

FAQs on Personal Loan for Expats

 

Q.1. Can I still apply for a personal loan for Expats in Dubai if my company isn’t listed on the bank’s approved company list?

Ans: Most banks do not offer personal loan in UAE for expats without an approved employer. However, some banks may make an exception and offer personal loans for non-listed companies in the UAE on the basis of the applicant’s income and reputation of the employer.

Q.2. What is a top-up loan?

Ans: Top-up personal loans are a type of loan offered to the borrower after they have paid a certain number of payments of the total tenor. Top-up personal loans in UAE extend the tenor of an existing loan, increase the borrowed amount and may even offer lower personal loan interest rates. They are only offered to borrowers that make payments on-time.

Q.3. What is a credit score?

Ans: A credit score is a value that is calculated on the basis of the applicant’s past payments, currently active loans (if any) and any form of credit they may have availed of within the last decade or more. A credit score helps personal loan issuers determine the risk profile of an applicant. A higher credit score gives an applicant a better chance of qualifying for personal loan in UAE for expats.

Q.4. Does personal loan for expats in Dubai offer any other benefits?

Ans: Certain personal loans in UAE for expats offer added incentives such as free credit cards, debit cards, life insurance and more. These personal loan offers in UAE vary depending on the respective loan issuer.

Q.5. How can I find the best personal loan for expats in UAE?

Ans: The best personal loan in UAE is a matter of perspective. Some applicants may consider the lowest interest rates for personal loan in UAE for expats to be an indicator of the best loan, while others may look for personal loan offers in UAE. The best way to identify such a loan is to conduct your own personal loan comparisons and use a personal loan calculator to accurately determine the monthly EMI.

Reviews & Ratings

4.6 / 5 (based on   20020 google icon reviews)

More From Personal Loans