Personal Loan in UAE AED 2500 Salary

Looking for a personal loan in UAE 2500 salary? It is very unlikely for the banks to provide 2,500 salary loans in UAE. In fact, it is almost impossible to find a personal loan with an income below AED 3,000. One of the options that you can try is First Abu Dhabi Bank (FAB) Lifeline- Revolving Overdraft.

However, there are certain issues attached to this and the chances of getting these loans are dependent on the concerned cases. For instance, FAB Lifeline is an overdraft facility and not a personal loan that can be obtained on a minimum income of AED 2,000. 

If you wish to opt for a personal loan in UAE 2500 salary, you must be prepared to bear a slightly higher interest rate. This is because such a personal loan is unsecured and has flexible repayment tenure, which is generally 48 months. Also, there would be many more things that you must know when you apply for a personal with low salary because the process of risk assessment is greater.

How Can I Avail of a Personal Loans with salary of AED 2500 in UAE?

In order to be eligible for a personal loan in UAE, you will have to submit certain documents and fulfill some requirements as mentioned below. While talking about the requirements you must keep in mind that there are hardly any banks in the UAE that offer personal loans for 2500 salary, the applicant is expected to earn at least AED 3,000 per month. 

Personal Loan at a Minimum Salary of AED 3,000 per month 

As mentioned above, personal loan minimum salary 2500 is a rare occurrence in the UAE. However, there are a few banks that offer personal loans at a minimum income of AED 3,000. Here are some of them.

RAKBANK Personal Loan

RAKBANK is one of the banks in the UAE, which offer personal loans at a minimum income of AED 3,000 per month. It charges the borrowers with a reducing rate of interest of up to 5.99% and a flexible loan duration of up to 48 months. It also offers the borrowers an option of early settlement (fee applicable) and a huge loan amount for meeting their financial needs. 

Minimum Income	AED 3,000
Processing Fees	1% of the finance amount
Maximum loan amount	AED 1,500,000
Reducing Rate of Interest	5.99%
Early Settlement Charge	1% of the amount outstanding
Salary Transfer	Not Mandatory

Click here to Apply for RAKBANK Personal Loan

*The figures are subject to changes as per the discretion of the bank.

Use Personal Loan Calculator To Check Personal Loan EMI

Dubai Islamic Bank Personal Loan

Dubai Islamic Bank or DIB is another leading bank in the UAE, which falls under this category of personal loans. It offers a high loan amount and a flexible loan duration of 48 months for making the repayment of this amount. There are 4 main types of Dubai Islamic Bank personal loan.  The tables below show the highlights of these loans.

1. DIB Al Islami Goods Finance for Expatriates

Minimum Income	AED 3,000
Processing Fees	AED 1,050 to AED 2,620
Maximum loan amount	AED 2,000,000
Reducing Rate of Interest	6%
Early Settlement Charge	1% of the amount outstanding (AED 10,000 maximum)
Salary Transfer	Not Mandatory

2. DIB Al Islami Goods Finance for UAE Nationals

Minimum Income	AED 3,000
Processing Fees	AED 1,050 to AED 2,620
Maximum loan amount	AED 4,000,000
Reducing Rate of Interest	6%
Early Settlement Charge	1% of the amount outstanding (AED 10,000 maximum)
Salary Transfer	Not Mandatory

3. DIB Al Islami Services Ijarah for Expatriates

Minimum Income	AED 3,000
Processing Fees	AED 1,050 to AED 2,620
Maximum loan amount	AED 1,000,000
Reducing Rate of Interest	6%
Early Settlement Charge	1% of the amount outstanding (AED 10,000 maximum)
Salary Transfer	Not Mandatory

4. DIB Al Islami Services Ijarah for UAE Nationals

Minimum Income	AED 3,000
Processing Fees	AED 1,050 to AED 2,620
Maximum loan amount	AED 2,000,000
Reducing Rate of Interest	6%
Early Settlement Charge	1% of the amount outstanding (AED 10,000 maximum)
Salary Transfer	Not Mandatory

5. DIB Personal Finance for Expatriates

Minimum Income	AED 3,000
Processing Fees	AED 1,050 to AED 2,620
Maximum loan amount	AED 2,000,000
Reducing Rate of Interest	6%
Early Settlement Charge	1% of the amount outstanding (AED 10,000 maximum)
Salary Transfer	Not Mandatory

6. DIB Personal Finance for UAE Nationals

Minimum Income	AED 3,000
Processing Fees	AED 1,050 to AED 2,620
Maximum loan amount	AED 4,000,000
Reducing Rate of Interest	6%
Early Settlement Charge	1% of the amount outstanding (AED 10,000 maximum)
Salary Transfer	Not Mandatory

Click here to Apply for Dubai Islamic Personal Loan

*The figures are subject to changes as per the discretion of the bank.

Arab Bank Personal Loan

Arab Bank is another renowned bank in the UAE, which offers financial and banking services throughout the Emirates. The bank offers personal loans in the UAE at a low rate of interest and a flexible repayment period. You can easily obtain a high loan because Arab bank personal loan minimum salary 3000 per month.

Minimum Income	AED 3,000
Processing Fees	AED 1,000
Maximum loan amount	AED 550,000
Reducing Rate of Interest	5.99%
Early Settlement Charge	1% of the amount outstanding
Salary Transfer	Not Mandatory

Click here to Apply for Arab Bank Personal Loan

*The figures are subject to changes as per the discretion of the bank.

Documents Required to Avail Personal Loan in UAE 2500 Salary

Here is a list of the required documents to avail a personal loan in UAE 2500 salary.

1. A duly filled and signed personal loan application form
2. Certain identity proof documents that include Emirates ID, residence visa, passport, etc.
3. A valid passport and residence visa is mandatory documents for the expats in the UAE
4. Salary transfer letter and/or salary certificate
5. Recent (usually previous 3 months) bank account statements
6. Trade license is a compulsory document for those who are self-employed

Note: The documents required may vary from one lender to another.

Eligibility Requirements for Personal Loan in UAE 2500 Salary

1. The applicant must be 21 years old at least.
2. The minimum salary required is usually AED 3,000 and more. However, for the FAB Revolving Overdraft facility, the minimum salary required is AED 2,000. It is very unlikely to find a personal loan in UAE 2500 salary.
3. The personal loan must be paid back by the applicants before the age of 60 years if they are UAE Nationals and 65 years if they are Expatriates.
4. The applicants must be employed when they apply for the loan and should be working with their current employer for around 1 to 6 months (minimum).
5. There are many banks that ask applicants to transfer their monthly salary to them for obtaining a personal loan.
6. The applicants must also maintain a good credit score to get approval for their personal loan application in the UAE.

Note: The eligibility requirements may vary from one lender to another.

To Sum Up!

A personal loan in UAE may help you in making your dreams come true. However, to obtain one, you need to submit some documents and meet the eligibility criteria as determined by the concerned bank.

Your monthly income is an important aspect when it comes to the eligibility requirements for the loan. Finding a personal loan in UAE 2500 salary may not be very simple as most of the banks offer loans to those with a minimum salary of AED 3,000. However, you can check with the concerned banks for an exception.

FAQs on Personal Loan in UAE 2500 salary