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Personal Loan up to 8 times your Salary
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For expatriates living and working abroad, one of the primary challenges is how to finance their lifestyle or emergency requirements when they’re away from homeile they are abroad. This is particularly the case for with individuals having dependents a family back in their domicile country home. While it could be difficult for expats to get a personal loan in UAE, Emirates Islamic Bank has adequate provision for such individuals in the form of Emirates Islamic personal loan.
Note: The schedule of charges reflected here is for debt debt consolidation, applicable until October 31st.
When it comes to getting the right loan, it comes down to finding a company that has a distinguished status due to its excellent services. This requirement is fulfilled with Emirates Islamic Bank (EIB), which can give you some of the best possible deals with Emirates Islamic personal loans.
The key features of Emirates Islamic Personal Finance for Expats are as follows:
Listed below are the profit rates offered by Emirates Islamic Personal Finance for Expats. However, before checking the table, it should be kept in mind that the actual profit rate for your loan will depend on your finances and other factors as well.
Personal Loan Plan |
Profit Rate |
Emirates Islamic Personal Finance for Expats |
From Flat: 2.95% pa (flat) From Reducing: 5.40% pa (reducing) |
Have the following documents ready when applying for an EIB Personal Loan in UAE:
It should be noted that the bank may ask for additional documents as part of the loan application process for verification.
When you apply for a personal loan in UAE, the bank will look at several factors to examine your financial management and whether you will be able to repay the loan without any difficulty.
The following are the major eligibility requirements for EIB Personal Loans:
Age Requirement |
21 – 60 years |
---|---|
Residency |
Expatriates |
Salary Requirement |
AED 10,000 |
You can digitally apply for Emirates Islamic Personal Finance for Expats via Policybazaar.ae or the official bank website. Here is a breakdown of both the application procedures:
Applying for an Emirates Islamic personal loan in UAE online is a highly convenient process, as you could be done with the procedure in just a few clicks. You can make the process easier by applying with policybazaar.ae, as you will be able to view all the leading plans under this category in one place as well as buy one from the displayed list in an instant.
Besides the two online methods discussed, you can also apply for a personal loan in UAE by visiting a local bank branch of Emirates Islamic in person. Instead of downloading an application form, you will have to obtain one from a branch executive and submit it back after filling it out. However, an online application is generally recommended as users can complete most of the processes from the convenience of their room.