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Samba Financial Group Personal Loan

Personal Loan up to 8 times your Salary

Average Rating / 5 (ratings )

Samba bank personal loan is one of the most sought and demanded financial product/service offered by the bank. The credit facility is available with salary transfer which makes it the right choice for both expatriates residing in the Emirates as well as UAE nationals. Apart from basic loan, Samba bank offers auxiliary free services such as credit card, debit card, free insurance and chequebook. Samba bank loan for expatriates comes with interest rates varying from 9% to 14% depending up on numerous factors.

The Samba personal loan is available in many variants, the most popular of which is the Samba personal finance installment loan. This Samba Bank personal loan can be availed of without a salary transfer or guarantor, making it one of the fastest and easiest Samba personal finance products to apply for.

Samba Personal Loan Dubai Interest Rate

The Samba Dubai personal loan offers quick and convenient access to short term capital. On the other hand, samba personal loan without salary transfer are offered on reducing interest rate of 9%.

Features & Benefits of the Samba Personal Loan

Category

Samba personal loan (Salary Transfer)

Samba Personal Loan (Non salary Transfer)

Salary Transfer

Yes

No

Early Settlement

Yes, 1% of the settlement amount

N/A

Cashback

No

No

Free Credit Card

Yes

Yes

Free Personalized Cheque Book

Yes

Yes

Free Insurance

No

No

Introductory Offers

No

No

Phone Banking

Yes

No

The Samba personal finance services are as versatile as they are vast. Some of the most celebrated Samba  personal loan features and benefits have been detailed below:

Loan Amount

Samba personal loans in Dubai offer a maximum amount of up to AED 125,000. This Samba Bank personal loan can be requested without having to make a salary transfer or provide a guarantor.

Tenor

Loan holders can repay their Samba Bank Dubai personal loan amount as low profit rate monthly installments for up to 48 months i.e. 4 years.

Samba Customer Care UAE

The Samba personal loan customer care staff is adept at resolving queries and quickly addressing complaints. Applicants can contact the Samba customer care UAE  at 800-55000.

Unsecured

Applicants are not required to submit any collateral to avail of the Samba personal finance, however; the applicant’s income will affect eligibility and the maximum obtainable Samba personal loan amount.

Benefits

Samba personal loan holders are offered an incomparable life insurance policy by the name of Credit Life Insurance. The policy offers protection to family members of the applicant in the case of an unforeseen accident resulting in the death of the customer.

Samba Bank Personal Loan Calculator

Most of the financial institutions and banks that offer the facility of personal loan also offer personal loan calculator and so does Samba bank with its Samba bank loan calculator. With this algorithm-based tool interested customers and buyers can calculate various numerical values such as monthly EMI, and total payable amount at the time of repayment.

In order to use Samba bank personal loan calculator all, you need to is just enter the total loan amount along with the interest rate varying from 9 to 14% based on the type provided by the bank and within seconds you can reach the result i.e. payable EMI. With Samba loan calculator you can simply assess and plan the repayment without consulting an expert. 

Samba Dubai Personal Loan Eligibility & Documentation

Category

Max. Loan Amount

Tenor

Minimum Salary

Interest Rate

Salary Transfer Personal Loan

AED 600000

48 months

AED 5000

9.00%

Non-Salary Transfer Personal Loan

AED 125000

48 months

AED 10000

N/A

*Disclaimer: Interest rates are subject to change

A Samba personal loan in Dubai requires applicants to meet the following eligibility criteria:

Employment

The Samba Dubai personal loan requires applicants to have employment at any of the Samba-approved UAE employers. Note that unconfirmed employees may be asked to show 6 months of experience as well.

Minimum Salary

Samba personal finance services are offered to applicants that meet the minimum income requirement of AED 10,000 per month in case of non-salary transfer type loans. In case of salary transfer type personal loans the minimum salary requirement is AED 5000.

Other Criteria

Requirements for a Samba personal loan may also include age restrictions and credit score eligibility as per the judgment of the Samba Financial Group.

The required list of documents to avail of a Samba Bank personal loan is listed below:

  1. A valid Emirates
  2. Passport of the Samba personal loan
  3. Residence Visa (For expatriate applicants only).
  4. Post-dated cheques for the monthly Samba personal finance obligation

FAQs

Q 1. Is there a way to calculate my Samba Dubai personal loan?

Ans: While there is no specific Samba personal loan calculator, applicants can make use of an online personal loan calculator for an estimate of their Samba personal finance monthly obligation. All that is required to make these calculations is the Samba personal loan amount, the Samba Dubai personal loan tenor and the Samba personal loan interest rate.

Q 2. What is the processing fee for a Samba personal loan?

Ans: The Samba personal loan in Dubai charges a processing fee of 1% of the total borrowed amount. The Samba personal loan processing fee is also restricted to a range of AED 500 and AED 2,500.

Q 3. What are the charges on the Samba personal loan Credit Life Insurance policy?

Ans: The Credit Life Insurance is available for a one-time charge of 1.5% of the total Samba personal loan amount.

Q 4. What are the late payment charges for Samba personal finance products?

Ans: Any missed or delayed Samba personal finance payment will incur a late fee of AED 200. This is charged per instance of delayed payments. Delayed payments may not only disqualify customers from availing of future Samba personal loans but also negatively impact the customer’s credit score, preventing them from availing of loans and credit cards from any agency in the UAE.

Q  5. How can an interested loan seeker contact Samba bank for personal loan?

Ans. Interested buyers and customers can reach Samba bank at their toll-free customer care number / Samba customer care UAE i.e., 800 124 2000. Alternatively, customers and interested buyers can also write them at customercare@samba.com.