Personal Loan for 6000 Salary

Personal Loan in UAE

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Personal loans can prove to be ideal financial tools when you are faced with a sudden expense that needs to be handled immediately or a personal. The flexibility of use offered by personal loans allows borrowers to cover expenses of every nature – be it the expansion of business, paying children’s education fees, making arrangements for marriage, and more. 

A majority of banks and finance houses in the UAE offer personal loans, although different personal loan products can be availed as per your monthly salary. This article will explore the top loan options available for applicants with a monthly salary of AED 6,000. We will cover the major features, benefits, and eligibility criteria for personal loans for AED 6,000 salary in the UAE. 

Top Personal Loans for AED 6,000 Salary

Given below is a table containing the top personal loans for AED 6,000 salary in the UAE. You will find the minimum salary required to get each of these loans, the applicable interest/profit rates, and the requirements for salary transfer – 

Personal Loan

Minimum Salary

Profit/Interest Rates (per annum)

Salary Transfer

RAKBANK Personal Loan

AED 5,000

Flat: 2.75%

Reducing: 4.99%

Mandatory 

Emirates NBD Personal Loan for Ex-pats

AED 5,000

Flat: 2.77%

Reducing: 5.49%

Not Mandatory 

Deem Finance Personal Loan

AED 5,000

Flat: NA

Reducing: 15.99%

Not Mandatory

Samba Salary Transfer Loan 

AED 5,000

Flat: 4.83%

Reducing: 9.0%

Mandatory 

National Bank of Fujairah Personal Loan 

AED 5,000

Flat: 2.75%

Reducing: 4.99%

Mandatory 

Finance House Personal Loan 

AED 5,000

Flat: NA

Reducing: 20%

Mandatory 

Emirates NBD Personal Cash Loans 

AED 6,000

Flat: 4.86%

Reducing: 8.99%

Not Mandatory 

Samba Al Khair Salary Transfer Finance

AED 5,000

Flat: 4.83%

Reducing: 9%

Mandatory 

Interest rates of the loan products are subject to change as per market conditions.

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Features of Top Personal Loans for AED 6,000 Salary

The following is a detailed description of all the top personal loans available in the UAE for a monthly salary of AED 6,000. We will have a look at the top features of these loans and the benefits provided to the borrowers:

RAKBANK Personal Loan

RAKBANK personal loan for 6,000 salary is ideal for individuals looking to get high loan amounts along with several other value-adding benefits. Let’s cover all the key features of this personal loan plan:

  • RAKBANK allows individuals to borrow an amount of up to 20 times their salary with this personal loan for 6,000 salary 
  • Competitive interest rates of the loan are combined with the flexible 48-month-long repayment tenure 
  • Borrowers are required to transfer their salary to a RAKBANK account for taking this loan 
  • Some freebies offered with this personal loan by RAKBANK are a free bank account, credit life insurance, credit card, and a bank account 
Click here to Apply for this Personal Loan

Emirates NBD Personal Loan for Ex-pats

This is yet another personal loan you can consider if getting a high loan amount is your priority at the moment. Emirates NBD personal loan for ex-pats also offers some unique benefits like free instalment deferment. 

The following is a list of all features and benefits of the Emirates NBD personal loan for 6,000 salary:

  • Borrowers can avail of up to AED1 million loan amount with this personal loan for 6,000 salary
  • The bank allows 2 instalment deferments every year for this personal loan 
  • The maximum available loan repayment tenure is 48 months
  • You can get a free debit card and bank account in Emirates NBD with the loan 
  • No salary transfer is required for the loan
  • 1% early settlement fee and 1% arrangement fee are charged 
Click here to Apply for this Personal Loan

Deem Finance Personal Loan

As far as flexibility is concerned, Deem Finance personal loan is in the top zone of the list. It not only comes with a flexible loan tenure but also offers the flexibility to choose your repayment dates every month. 

Let’s find out a bit more about this personal loan for 6,000 salary:

  • You can choose the instalment due date each month at your convenience. This feature is ideal for borrowers who do not have a fixed salary credit date. 
  • Deem Finance offers personal loan approvals within 48 hours of submitting the application 
  • Other additional benefits that you may enjoy with this personal loan include easy documentation, competitive rates of interest, high loan amounts, and a complimentary Deem Credit Life Plus insurance plan 
Click here to Apply for this Personal Loan

Samba Salary Transfer Loan 

Samba is yet another finance house that offers highly popular personal loan options. Samba salary transfer personal loan offers exceptionally competitive interest rates as well as a high loan amount. 

Mentioned below are the salient features of this personal loan for 6,000 salary: 

  • Up to AED 125,000 loan amount can be availed with this personal loan for 6,000 salary as per your customer profile 
  • As an unsecured loan, the Samba salary transfer loan does not require you to offer any collateral 
  • Flat interest rates for the loan start as low as 4.83% (per annum) only 
  • Other benefits that you can enjoy with this loan product include a free debit card, account, and a chequebook
Click here to Apply for this Personal Loan

National Bank of Fujairah Personal Loan 

If you are searching for a Sharia-compliant personal loan in your salary range, the National Bank of Fujairahpersonal Loan can be your ideal choice. Let’s go through the important features of this personal loan:

  • National Bank of Fujairah offers a 90-day long grace period for the payment of the first loan instalment 
  • This personal loan for 6,000 salary comes with highly competitive profit rates and high loan amounts 
  • This is a Sharia-compliant loan product – all the involved procedures are carried out as per the Sharia rules of banking. 
  • Flexible repayment tenure of 48 months is offered with this loan
Click here to Apply for this Personal Loan

Finance House Personal Loan 

Finance House Personal Loan personal loan for 6,000 salary allows borrowers to consolidate their other active personal loans into one and pay them off at a lower interest rate. 

Here is what you can get with this personal loan for 6,000 salary:

  • Users can enjoy a flexible loan repayment tenure of up to 48 months for this product 
  • The lender offers high loan amounts and loan top-up options one year after taking the loan
  • The Finance House personal loan can be used to consolidate and combine pre-existing personal loans of the borrower
  • This personal loan for 6,000 salary comes with additional benefits, with the most notable ones being a free RAKBANK credit card, debit card, and a personalised chequebook
Click here to Apply for this Personal Loan

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Emirates NBD Personal Cash Loans 

High loan amounts, competitive interest rates, and free instalment deferments are just a few things you can enjoy with this personal loan. 

Read below to find the complete list of features for Emirates NBD personal cash loan:

  • Borrowers can avail of up to AED 500,000 as the loan amount with this personal loan product 
  • The loan is available for both UAE nationals and expatriates 
  • The bank allows deferment for two non-consecutive instalments every year 
  • Borrowers get a free bank account and a debit card on obtaining this personal loan for 6,000 salary 
  • 1% arrangement fee and 1% early settlement fee are applicable on this loan 
Click here to Apply for this Personal Loan

Samba Al Khair Salary Transfer Finance

This is the second Sharia-compliant personal loan in this list of top personal loans available in the UAE. Covered below are the most prominent features of this personal loan for 6,000 salary:

  • This is a special Sharia-compliant personal loan offered by Samba 
  • Borrowers can get up to 20 times their salary as loan amount 
  • Additional benefits of the loan include a free bank account, debit card, chequebook, and credit life insurance
  • Personal loan profit rates for this plan begin at 4.83% flat and 9% reducing 
Click here to Apply for this Personal Loan

Eligibility Criteria for Personal Loan for 6,000 Salary

Discussed below are the common eligibility criteria that must be satisfied before sending in personal loan applications in the UAE:

  • Age: Individuals older than 21 years of age can apply for a personal loan in the UAE. Some banks also apply a maximum age limit for personal loan applications, although the maximum age criteria generally differ for each bank concerned. The maximum age limit is usually between 60 and 65 years as per the bank’s guidelines. 
  • Nationality: UAE nationals, as well as expatriates, are eligible to apply for a personal loan in the emirates, as several personal loan products can be taken by both nationals and residents of the country. However, it must be noted that some personal loans may be available exclusively for UAE nationals, while others may be available only for UAE expatriates. 
  • Income: The minimum monthly income required to get any type of personal loan in the UAE is AED 5,000. Banks and finance houses have the liberty to increase the minimum required income for some or all of their personal loan products. However, most lenders don’t accept loan applications from individuals with a monthly income below AED 5,000. 
  • Employment: Personal loans are available for both salaried and self-employed applicants, although some banks may offer separate loan products as per your employment and occupation type. Most banks offer specialised loan products for salaried individuals only. Some banks like Emirates NBD, on the other hand, offer separate personal loan products for self-employed individuals. 
  • Credit Score: The minimum required credit score for personal loans is generally 580 for most lenders. Credit scores belonging to medium, high, and very high categories are accepted by a majority of personal loan lenders in the UAE. However, some banks and financial houses may accept low category credit scores as per their risk appetite (and apply high interest rates, in turn). 

Documents Required for Personal Loan for 6,000 Salary

You will be required to attach a few documents with your personal loan application form before the final submission. The following is a list of common documents that you may need during the application process:

  • Personal loan application form
  • Emirates ID –original and a photocopy
  • Passport – original and a photocopy
  • Resident visa – original and a photocopy
  • Salary slips for the past 3-6 months, as per the lender’s requirements
  • Salary certificate issued and signed by the employer – the certificate must be issued in the lender’s name. This is only required if salary transfer is not mandatory and/or the applicant does not have an account with the lender bank.
  • Trade licence and other related documents for self-employed applicants
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Frequently Asked Questions

How can I apply for a personal loan in the emirates?

You can easily apply for your personal loan from policybazaar.ae. You may also visit your lender’s website to send your application for a personal loan. 

Do I need to transfer my salary to get a personal loan in the UAE?

Salary transfer is not mandatory for all personal loan products available in the UAE – some may require it while others don’t.

What is the minimum salary required to get a personal loan?

The minimum salary required to get a personal loan in the UAE is AED 5,000. 

What documents will I need to apply for a personal loan for 6,000 salary?

You may need the following documents:

  • Passport and resident visa
  • Emirates ID
  • Salary slips and salary certificate
  • Trade license
Is it better to get a credit card or a personal loan?

Credit cards are better suited if you have small recurring expenses and are able to pay off the borrowed money every month without trouble. Personal loans, on the contrary, are suitable for large one-time expenses like weddings, trips, and school and college fees.

What are some good lenders for a personal loan for 6,000 salary?

Some top banks and finance houses preferred by a vast number of applicants for personal loans for 6,000 salary are RAKBANK, Emirates NBD, Deem Finance, Finance House, and National Bank of Fujairah.

Is there a maximum age limit applicable for personal loan for 6,000 salary?

Yes, most lenders apply a maximum age limit for personal loan applications. This age requirement may range from 60 to 65 years as per the concerned bank and your nationality.

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