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Top 5 Banks That Offer Personal Loan for UAE Nationals

Top 5 Banks That Offer Personal Loan for UAE Nationals
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We all may have emergency fund requirement at least once in our life.  Be it medical expenses, home renovation, vacation etc. That is where personal loan comes into the picture. It is the easiest and convenient option to meet your various monetary needs. Apart from being the multi-purpose, personal loan is unsecured meaning that lenders won’t require you to provide any collateral to procure it.

Considering the needs of Emirati applicants in mind, there are numerous banks in the UAE that offer personal loan for UAE nationals that come with a wide range of the special features and benefits. From low interest rate and flexible repayment tenure to high loan amount, Emiratis are offered the best consumer finance in the UAE. 

Here in this article, we have mentioned the top 5 banks that offer personal loan for UAE nationals:

ADCB (Abu Dhabi Commercial Bank)

The customized ADCB personal loan for UAE Nationals offers competitive rate of interest, extended loan tenure, higher salary multiples, and flexible eligibility criteria. In short, ADCB consumer finance is the one that can meet your various financial requirements with ease. Given below are the top features of the ADCB loan for Emiratis:

  • TouchPoints are offered on the finance amount
  • A maximum of 3 times salary overdraft
  • Complimentary ADCB credit card
  • Complimentary credit life insurance
  • Facility of loan consolidation is available
  • Higher salary multiples
  • Involuntary loss of employment cover

ADIB (Abu Dhabi Islamic Bank)

ADIB is one of the leading banks in the UAE that provides personal finance of up to 3 million dirhams for UAE Nationals. With zero processing fee and flexible eligibility requirements, this is the most feasible option you can opt for. Following are the top features of the ADIB personal loan for UAE nationals:

  • Complimentary pre-approved ADIB Booking.com Signature card for 1st
  • Attractive rate of interest starting from 5.25 percent per annum.
  • Zero processing fee
  • Grace period of a maximum of 90 days for making the payment of first installment.
  • 2 complimentary installments postponements annually.
  • Takaful cover is offered.

CBD (Commercial Bank of Dubai)

The CBD offers personal loan for UAE nationals to reach various goals in life. You can use the finance amount to explore a country that you have never seen before, renovate your home, wedding, and several other purposes.  Given below are the key features of the CBD consumer finance:

  • Attractive rate of interest starting from 5.50 percent annually.
  • High finance amount of a maximum of 3 Million dirhams
  • Flexible repayment tenure of a maximum of 48 months.
  • Current account with no minimum balance requirement
  • Deferment option
  • Complimentary debit card
  • Top-up of CBD consumer finance that is already existing

UAB (United Arab Bank)

Consumer loan offered by the UAB for the Emiratis provide flexible repayment tenures and generous limits, and meets the financial needs of UAE Nationals. Following are the top features of the UAB personal loan for UAE nationals:

  • High loan amount of a maximum of 2 million dirhams.
  • Low rate of interest of 5.25 percent.
  • Flexible repayment tenure of a maximum of 48 months.
  • Easy documentation & fast approvals
  • Complimentary credit card
  • Buy out option available from other banks
  • Top-up & deferment facility

Mashreq Bank

Do you need extra cash to plan your international trip, renovate your home, for your child’s higher education, and start a new business? No matter what your requirement is, you can apply for Mashreq personal loan to meet all of your financial requirements. The personal loan for UAE nationals offered by the Mashreq bank provides a high finance amount and convenient repayment tenure to meet the financial needs of Emirati professionals. Given below are the key features of the Mashreq Bank consumer finance for UAE professionals:

  • High finance amount a maximum of 20 multiples of a salary, maximum 3 million dirhams.
  • Low interest rate
  • Convenient repayment loan term of a maximum of 48 months (while the maximum repayment tenure is up to 60 months for employees of Ministry of Defense)
  • Islamic finance option
  • Top-up option for existing loan borrowers

The Bottom Line

There you have the list of top 5 banks that offer personal loan for UAE nationals. Not only these lenders provide attractive rate of interest and high loan amount but also you can enjoy flexible repayment tenure and several other features. You can opt for any of the option after comparing them on the basis of their feature to meet your several monetary needs.

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