Personal Loan for UAE Nationals with No Salary Transfer Required

Personal Loan up to 8 times your Salary

Personal Loan for Non-Listed Companies
  • Minimum Salary 5000 AED
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate

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Get personal loan at Lowest Interest Rate

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

Personal loans are among the most accessible forms of loans in UAE and can be used to meet any personal or urgent requirements. With a personal loan in UAE, you can easily get the required funds and use them for personal needs, be it business expansion, marriage, a child's higher education, and so forth.

If you are self-employed, earning in cash, working on a contract, or a freelancer, you will find a large number of financial institutions in the UAE offering personal loans to UAE nationals with no salary transfer required. This option is also suitable for those who have regular salaries yet don’t want to transfer them to the bank offering the loan.

Let's have a look at the key details of personal loan for UAE nationals with no salary transfer required.

Top Banks Offering Personal Loans for UAE Nationals with No salary Transfer Required

Let’s take a glance at the top lending institutions in the UAE offering personal loans to UAE nationals with no salary transfer required – 

Loan Product Name

Flat Interest/Profit Rate

Reducing Interest/Profit Rate

Minimum Monthly Salary Required

Citibank Personal loan without salary transfer

7.70 – 15.20%

14 – 27 %

AED 8,000

FAB Non salary transfer personal loan for UAE nationals

5.43 %

9.99 %

AED 15,000

CBD Digi Personal loan

NA

15.99 % - 18.99%

AED 10,000

Deem Finance Personal loan

NA

15.99% - 34.99%

AED 5,000

ADCB Personal loan

3.45 %

6.25 %

AED 7,500

Emirates NBD Non salary transfer personal loan

7.90 %

14.99 %

AED 10,000

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1. Citibank Personal Loan without Salary Transfer

Citibank, a recognised global bank, is also one of the distinguished banks in the UAE that offers personal loans to UAE nationals without salary transfer required. With Citibank personal loans, you can easily get the requisite funds for the expansion of business, higher education expenses of children, debt consolidation, and so on. 

Features and Benefits

  • Conventional loan product
  • Maximum loan amount – up to AED 175,000 or 8 times your salary 
  • Flexible repayment period between 6 and 48 months
  • Arrangement fees – 1% of the loan amount with a minimum charge of AED 500 and a maximum charge of AED 2,500
  • Early settlement fee – 1% of the outstanding principal
  • Option to easily apply online using your Emirates ID
  • Provision of top-up available after nine months
  • In-principle approval generally takes 10 minutes
  • Interest rate: Flat rate of 7.70 – 15.20 % and reducing rate of 14 – 27 %

Documents Required

  • Emirates ID copy or passport copy

Eligibility Criteria

  • Minimum salary requirement – AED 8,000 per month
  • Age of the applicant – at least 21 years old
  • UAE nationals and residents are eligible for the loan
  • Employment duration – minimum three months or confirmed salary employment
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2. FAB Personal Loan for UAE Nationals with no Salary Transfer

Firt Abu Dhabi Bank (FAB) is a prominent choice among UAE nationals for personal loans without salary transfer required. It offers high loan amounts of up to one million and provides numerous value-adding benefits as mentioned below – 

Features and Benefits

  • Maximum loan amount – AED 1 million
  • Only applicable for UAE nationals
  • Repayment period 
    • For UAE nationals: Up to 48 months 
    • For Ministry of Defence employees: 60 months
  • Loan available even if your employer is not on FAB’s approved list of employers
  • Comprehensive life insurance coverage provided
  • Interest rate – flat rate of 5.43 % and reducing rate of 9.99%

Documents Required

  • Copy of Emirates ID – the original document has to be shown to the bank as well
  • Bank statements for the last six months showing salary credits
  • Duly completed and signed personal loan application form

Eligibility Criteria

  • Minimum monthly salary required – AED 15,000
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3. CBD Digi Personal Loan

For those looking to get a personal loan without salary transfer along with various features, Commercial Bank of Dubai can prove to be a good fit. Its round-the-clock customer services, high loan amounts, flexible repayment tenure, and paperless loan processing facility are some of the notable features of personal loans for UAE nationals with no salary transfer required.

Features and Benefits

  • Loan repayment tenure – up to 48 months
  • Maximum loan amount – AED 150,000
  • Requisite funds credited to account instantly once approved
  • Option to fill out the loan application form digitally using your Emirates ID
  • Reducing interest rate between 15.99% and 18.99%

Documents Required

  • Emirates ID

Eligibility Criteria

  • Age requirement – Minimum 21 years and maximum 60 years
  • Minimum salary required – AED 10,000 per month
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4. Deem Personal Loan for UAE Nationals without Salary Transfer

Deem Finance, acquired by the Gargash group in 2021, is another leading lending institution in the UAE serving a wide range of customers. It can make for a good choice as a provider of personal loan for UAE nationals with no salary transfer required, as applying for this loan is a rather quick process that also makes it popular among UAE nationals.

Features and Benefits

  • Get personal loan approval within 48 hours
  • Provision to choose the loan repayment date based on when you receive your salary
  • Interest on the loan is calculated on the monthly reducing balance of the loan
  • Provides deem credit life plus to the borrowers 

Deem life plus provides compensation in case of permanent total disability and death. Apart from the exclusive benefits, it offers round-the-clock assistance and complimentary account statements.

  • Minimal paperwork required

Documents Required

  • Income documents or recent pay slips
  • Copy of Emirates ID
  • Bank statements of the last three to six months
  • Copy of credit card with credit card statement
  • Residence proof
  • Copy of passport with residence visa

Eligibility Criteria

  • Minimum monthly salary requirement – AED 5,000
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Apply best personal loan to get rid of financial problems

5. ADCB Personal Loan Without Salary Transfer

Abu Dhabi Commercial Bank (ADCB) offers multiple financial products and customer service that makes it one of the top choices regarding personal loans without salary transfer in the UAE. It offers a hassle-free documentation process, quick loan approval, and the top-up option to allow borrowers to get the requisite funds in no time.

Features and Benefits

  • Online loan approval in ten minutes
  • No credit-life insurance needed
  • Provision to top-up the loan is available after six months
  • Available to both UAE nationals and expatriates
  • Maximum loan amount for UAE nationals – AED 750,000
  • Loan repayment term – 4 years or 48 months
  • Other benefits – 
    • Phone banking
    • Complimentary debit card
    • Credit card included

Documents Required

  • Completed personal loan application form
  • Emirates ID
  • Last three months’ bank statement
  • When switching loans from another lender, a liability or clearance letter would be required
  • Salary certificate

Eligibility Criteria

  • Age of the applicant – between 21 and 65 years
  • Minimum monthly salary required – AED 7,500
read more

6. Emirates NBD (Non Salary Transfer Personal Loan)

As mentioned earlier, Emirates NBD can be an apt choice concerning personal loans in UAE. Apart from the UAE National product loan, Emirates NBD also provides non salary transfer personal loan to UAE nationals with quick approvals and easy documentation.

Features and Benefits

  • Maximum loan amount – AED 300,000
  • Repayment period – Up to 4 years (48 months)
  • Quick and simple documentation process
  • Both expats and nationals can apply for the loan
  • Interest rates – Flat interest rate of 7.90 % and reducing rate of interest of 14.99 %
  • Settlement fee – 1 % of the finance amount
  • Arrangement fee – 1% of the loan amount

Documents Required

  • Emirates ID 
  • Filled personal loan application form 

Eligibility Criteria

  • Minimum salary required – AED 10,000 per month
read more

Check loan eligibility and apply personal loan

To Conclude

A personal loan is an ideal financial instrument to tackle all kinds of unexpected or personal expenses. Given the popularity and requirement, several lending institutions in the UAE provides personal loan without salary transfer to UAE nationals at competitive interest rates. However, keep in mind that you would need to qualify for the eligibility criteria to procure the loan without any delays. Additionally, keep all the documents handy to fast-track the loan approval process.

Policybazaar UAE plays a vital role in making the process of getting personal loans quick and simple. You can visit the Policybazaar UAE website (policybazaar.ae), click the 'Banking Products' located at the top of the page, and select the 'Personal Loans in the UAE' option. 

Once you are on the personal loan page, fill out the lead form and find the appropriate loan matching your financial requirements at the most affordable interest or profit rates. In case you are stuck somewhere or unable to find the appropriate loan, you can reach out to our customer support team and pick the best one!

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Frequently Asked Questions (FAQs)

What type of interest rates are charged on personal loans without salary transfer?

There are two types of interest rates charged on personal loans without salary transfer – flat interest rate and reducing interest rate. Multiple institutions in the UAE offer loans with both types of interest rates on personal loans, and borrowers can opt for the one that they find suitable.

What is the minimum salary required to procure personal loans for UAE nationals with not salary required?

Different lending institutions have pre-defined minimum monthly salary requirements to apply for a personal loan for UAE nationals with not salary required. You can visit the financial institution's official website and check all the required details before applying for a loan.

What maximum loan repayment tenure is available for a personal loan for UAE nationals without salary transfer?

The maximum loan repayment tenure available for personal loans without salary transfer with most lending institutions is 48 months.

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