Samba Non-Salary Transfer Loans

Personal Loan in UAE

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  • Hassle-free documentation
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate

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Samba Non Salary Transfer Loans

Maximum Loan Amount

AED 125,000

Repayment Duration

Up to 48 months or 4 years

Salary Transfer Requirement

No

Collateral Requirement 

No

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Established in 1980, the Samba Bank now holds a distinguished status in the UAE due to its world-class financial products. Their non-salary transfer loan is one such distinguished product of the bank. These plans for a personal loan in UAE are widely recognised as one of the best choices for individuals looking for quick funds for their personal requirements. Moreover, these loans don’t require salary transfer or any guarantors, with a stable income sufficient to secure this loan. 

SSamba Non-Salary Transfer Loans

  • Minimum Salary AED 10,000
  • Monthly Payment AED 0
  • Flat Rate 0%
  • Reducing Rate 0%
  • No Salary Transfer

Features & Benefits for Samba Non Salary Transfer Loans

A Samba Non Salary Transfer loan comes with various benefits, with the salient ones listed below:

  • Convenient Loan Repayment Tenure - Repaying a loan can be more painstaking than obtaining a loan owing to the interest involved. However, this type of Samba personal loan allows you to choose any tenure period of up to 48 months and repay the loan at your convenience. 
  • Attractive Interest Rates - Having low interest rates for a personal loan in UAE is necessary if you wish to repay the loan without any difficulty. This problem is easily avoided with this Samba personal loan, which comes with competitive interest rates so as to keep the loan costs low.
  • No Salary Transfer Requirement - One of the high points of this loan is the absence of a salary transfer criterion. Thus, you can manage your loan separately without transferring your earnings to the account to obtain one. 
  • High Finance Amounts - Samba Bank personal loans can cater to all your major and minor financial needs. With a loan amount of up to AED 125,000, this personal loan in UAE can serve as a loan for every need. 
  • No Collateral or Guarantor - Unlike several institutions in the country, you won’t need to offer collateral or present any guarantor for getting the Samba non salary transfer loan. With no such requirements for guarantor or collateral, Samba Bank ensures the availability of personal loan in UAE for users without any hurdles.
  • Life Insurance with the Loan - To ensure that you and your family are safeguarded with adequate financial cover in case of unexpected circumstances, the bank provides life insurance along with this type of Samba personal loan.

Interest rates for Samba Non Salary Transfer Loans

Coming to the aspect of interest, the rates for Samba non salary transfer loans are quite reasonable and help you keep the overall loan costs low. However, as the applicable interest rates vary for each individual as per their income, loan amount, and so on, it is recommended to verify the interest rate at the time of applying.

Interest rates 

Varying 

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Income Salary for Samba Non-Salary Transfer Loans 

Income is an essential factor for the bank’s consideration when it provides you with a loan to assess how easily you would be able to repay the loan with your current salary. Given below is the minimum monthly salary required for the Samba personal loan in UAE:

Salary Requirement (Per Month)

Minimum AED 10,000

Eligibility Criteria for Samba Non-Salary Transfer Loans 

Now that you are aware of the perks that Samba personal loans come with, you can see whether you are eligible for this loan below.

Minimum Age for Applying 

21 years

Maximum Age for Applying*

65 years for UAE nationals

60 years for ex-pats

*The upper age limit for most loan plans varies. One should verify the maximum age limit with the bank.

Documents Required for Samba Non-Salary Transfer Loans 

To examine and verify the details provided by a user at the time of application, all banks have a documentation process in place. If you plan to get a Samba non salary transfer loan, you would be required to present these documents:

  • Copy of valid passport and resident Visa page (for ex-pats)
  • Copy of Emirates ID (for nationals)
  • Income proof like salary certificates, bank statements, paycheques, and more

Apply personal loan with maximum benefits

How to Apply for Samba Non-Salary Transfer Loans?

With the advent of online banking, you can now get a personal loan in just a few clicks on your smart device. You can simply visit the website of the Samba Bank and complete the application process there. And while the other option is less convenient, you can still visit a Samba bank branch and get the plan of your choice the traditional way. 

Here’s how you can get this personal loan in UAE with the Samba Bank website:

  • Step 1 - Start with visiting the official Samba website. Out of the several options available, you can go to the personal banking section of the website. 
  • Step 2 - In this section, you will find the personal finance option there. Click on that to move further.
  • Step 3 - Out of the several personal loan plans available on the website, you can select the one of your requirements and click on ‘Apply Now’ to proceed.
  • Step 4 - This will redirect you to an application form for the same. Here, you will be required to provide details related to your Emirates ID, income, nationality, and more. 

Once you submit the form, it will be sent straight to the bank for processing. An executive from the bank will then call you to help you further with your application.

You can also apply for the same offline. In this case, you will have to get an application form from the bank, fill it out right there, and submit it along with any mentioned documents. 

FAQs 

Is it possible to get a personal loan without a salary transfer?

Yes, at Samba bank, you can get a personal loan without the criteria of transferring a loan.

I am not a national of the UAE. Will a passport be sufficient for this loan?

No. Besides a passport, you must also present the resident visa details to get a personal loan.

What are the arrangement fees for the non-salary transfer loan at Samba bank?

The arrangement fee is generally 1 per cent of the loan amount. However, one must verify the actual rate with the bank as it can vary as per the applicant and their details.

Can I settle my loan if I have enough money?

Yes. You can settle your Samba Non-salary transfer loan either partially or fully albeit at an early settlement fee.

What is Samba online?

Samba online is an online banking service by Samba bank, which allows customers access to the bank’s facilities from anywhere.

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