Personal Loan up to 8 times your Salary
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But that doesn’t mean that you can’t avail one. Yes, you read it right. If you are also a self-employed individual and you need extra funds to scale up your new business or some other personal needs then fret not? There are a few banks in the UAE that offer personal loans for self-employed professionals to address your short-term financial needs.
Being your boss can be rewarding but at the same time, it can be financially draining for some people. So, if you have started a new business and want extra funds to scale up your business then you can opt for Emirates NBD Personal loan for self-employed professionals. This loan is customized for professionals such as accountants, engineers, doctors, and architects.
Features & Benefits of Emirates NBD personal loan for self-employed professionals
Following are the key features & benefits of the Emirates NBD consumer finance offered for self-employed professionals:
Being a self-employed professional, you may need additional funds at any point in time to meet your various financial goals. During such a financial crisis, you can opt for a CBI personal loan for self-employed professionals. But you must have been established in business in the UAE for at least three years to be eligible for this CBI loan.
Features & Benefits of CBI consumer loan for self-employed professionals
Individuals who are not salaried and earn income through their businesses are referred to as self-employed professionals. Well, every lender has its eligibility criteria for consumer finance so it may differ from lender to lender. Following is the basic eligibility requirements that you need to meet to procure one:
When applying for consumer finance for self-employed professionals, you will need to submit some documents. The documents that are commonly required by the lenders in the UAE are as follows:
Note: You may also need to submit some additional documents as per the sole discretion of the bank.
Hence, personal loans are not only offered to salaried individuals in the UAE. Self-employed professionals can also procure it to address their short-term financial needs. All they need to meet the eligibility criteria and submit the documents required by the respective bank to get personal loan for self-employed professionals.