How to apply for a Personal Loan in the UAE for Non-Salaried Person?

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


Get personal loan at Lowest Interest Rate

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

There are not many financial institutions in the UAE that offer personal finance without a salary transfer. That is why looking for a financial institution for personal finance without requirements of salary transfer can be hard work. Even when the financial institution provides a personal loan without salary transfer, the eligibility requirements can be quite high. The minimum monthly salary required can be a bit higher than the one for salary transfer personal loan. The non-salary transfer can also affect the interest rate.

The lists of financial institutions that provide a personal loan for non-salaried person in UAE are below-

Emirates NBD Personal Cash Loan

With Emirates NBD personal cash loan, even a customer not employed at the Emirates approved list can get a loan. Anyone can apply for this personal loan. Salary transfer is not required in this loan.

Eligibility Requirements

  • Banking relationship of 12 months minimum
  • Must be employed at the present company for 6 months minimum
  • Must have a minimum salary credit of 6 months
  • Existing credit card members, account holders or auto loan customers must have a monthly salary of AED 6000
  • Account holders with no credit card or auto loan must have a minimum salary of AED 12,000

Features and Benefits

  • Salary transfer not required
  • Finance amount up to AED 800,000
  • Salary transfer is not required
  • Employment at Emirates approved list not necessary
  • 7-day loan return option

Customers of Emirates NBD can return the loan without any charges within 7 days if the loan is not satisfactory. Although, there are some conditions to the 7-day loan return option. These conditions include-

  • The customer should notify the bank or agent about the loan return within 7 days of the loan disbursal
  • The proceeds of the loan must not be withdrawn from the account till the return date
  • The 7-day return option is only available to new loans

Before Apply Loan, Check Personal Loan EMI Here

Emirates NBD Loan without Salary Transfer

Emirates NBD offers personal loan to UAE nationals and expats without any salary transfer. Emirates NBD decides the maximum loan amount and the applicable rate of interest depending on the profile of the customers. Emirates NBD also provides cash loan for home improvements to UAE nationals. Expats are not eligible for home improvement cash loans.

Documents Requirements for Emirates NBD Loan for Salary Transfer are

  • Copy of passport
  • Expat’s residence visa
  • Copy and original Emirates identity card
  • Address proof (utility bill)
  • Security cheque (undated)
  • UAE National’s Idbara page

Eligibility Requirements

  • Minimum salary required is AED 10,000
  • Must be employed at Emirates approved list
  • Must be employed at the present company for 6 months

Benefits and Features

  • Salary transfer not required
  • Personal finance up to AED 500,000
  • Reducing interest rate starting from 14.99%
  • Direct Debit System repayment system
  • Up to 4 years of repayment tenure

Dubai Islamic Bank Al Islami Goods Finance for UAE Nationals

This personal finance is good for customers whose monthly salary is AED 6000 or more. This personal finance is provided against goods of Sharia-compliance.

Eligibility Requirements

  • Minimum salary of AED 6000 for non-salary transfer
  • Minimum salary of AED 8000 for non-listed companies

Benefits and Features

  • Salary transfer not required
  • Personal finance up to AED 4,000,000
  • It is Sharia-compliant
  • The repayment tenure is up to 48 months
  • Insurance for Takaful cover is not included

United Arab Bank Personal Loan

United Arab Bank offers flexible personal loan plans to both UAE nationals and expats. The interest rate can start as low as 5.25%.

Eligibility Requirements

  • The applicant must be between 21-65 years of age
  • Minimum salary required is AED 7500 per month
  • The applicant must work for Government, Semi-Government or an UAB approved company

Features and Benefits

  • UAE Nationals can get personal finance up to 20 times the salary or AED 2,000,000
  • Expats get personal finance up to AED 2,000,000
  • Up to 48 months for a repayment tenure
  • Buying out of the loan is available
  • Payment deferment is available
  • The available facility of top-up
  • Overdraft facility is revolving
  • Quick approvals
  • Credit card is free for the first year

Deem Personal Loans

Deem personal loans are the only personal loan in this list that comes with credit life. However, the Deem credit life and Deem credit life plus comes with a fee of AED 22.05.

Eligibility Requirements

  • The applicant must be aged between 21-60 (expats) and 21-65 (UAE nationals)
  • Minimum salary required is AED 5000 per month

Features and Benefits

  • No salary transfer required
  • Finance up to AED 150,000
  • Repayment tenure up to 48 months
  • Attractive rates of interest
  • Application is approved within 2 days
  • Loan Repayment through Direct Debit system
  • Simple documentation
  • Deem credit life
  • Deem credit life Plus

Documents Required

  • Passport copy
  • Residence visa for expats
  • Copy and original Emirates ID
  • Bank statement of 3/6 months
  • Address proof (utility bills)
  • Latest pay slip
  • Credit card copy with a recent statement of the credit card

Finance House “Yaseer” Islamic Personal Finance

Finance House is a facility designed for personal finance of the customers. It is Shariah-compliant personal finance. The interest rate on Finance House is based on a reducing rate of interest. It starts from 9.99% to 39% highest.

Eligibility Requirements

  • Minimum salary required is AED 5000
  • The age limit is between 21-60
  • The applicant must be employed at a government, semi-government or reputed private establishments
  • Must be employed at the current company for 6 months minimum or a confirmed employee

Features and Benefits

  • Finance amount between AED 10,000 – AED 250,000
  • Up to 36 months of repayment tenure
  • No salary transfer required
  • 1% of the outstanding amount is charged as early settlement fee
  • 1% of the finance amount is charged as the processing fee
  • Free card for life cover
  • Credit approval is done within 21 hours

Documents Required

  • Copy and original passport
  • Residence visa for expats
  • Copy and original Emirates ID
  • Bank statements of 3 months
  • Latest salary certificate
  • Copy of recent pay slip

Final Verdict

Before you apply for a personal loan in UAE, know the following facts. The interest rates are a bit higher for a non-salary transfer customer than the salary transfer customer. But to pay off a debt or get a personal loan for emergencies, above mentioned are the best options. As for the high-interest rate, you can negotiate with the financial institution if you have a good credit Score.

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