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UAB offers personal loan for expats with flexible repayment periods up to 48 months. UAB offers several products and services under customized banking solution to meet various financial needs of an individual. UAB personal loan is offered at reducing interest rates up to 5.25% with maximum loan amounts up to AED 2 million.
Interest Rate Charged on UAB Personal Loan for Expats
UAB offers personal loan for expats on the interest rate as low as 5.25 percent per annum.
Features & Benefits of the UAB Personal Loan for Expats
Feature
Availability
Salary Transfer
Required
Early settlement
Yes 1% of settlement amount
Cashback
No
Free Credit Card
Yes
Free Personalized Cheque Book
Yes
Free Insurance
Yes
Introductory Offers
No
Phone Banking
Yes
Given below are the key features & benefits of personal loan for expats offered by UAB:
High Loan Amount: The borrower can avail a high loan amount of a maximum of 2 million AED.
Repayment Period: The borrower can enjoy a flexible tenor period of a maximum of 4 years.
Credit Card: Along with the personal loan, the borrower can also avail a free credit card with no annual fee for the first year.
Simplified Process: Fast approval & minimal documentation is required.
Buy-out Facility: The borrower can buyout loan from other banks to access additional funds.
Deferment & Top-up Facility: The borrower can postpone a maximum of two loan installments in one year. In addition to this, the borrower can apply for a top-up loan after making the 20 percent repayment of the existing loan.
Eligibility & Documents Required for the UAB Personal Loan for Expats
Eligibility
Age Criteria
Minimum 21 years & Maximum 60 years (at the time of loan maturity)
Minimum Income Required
7500 AED
Other Requirement
Working in a Government, Semi-Government or private employer approved by UAB.
Documents Required
Proof of Identity/Address
Passport Copy with a Valid Resident Visa
Other Documents
Original Bank Statements of the last 3 or 6 months Salary Transfer letter
Frequently Asked Questions
Q.1. Is salary transfer to United Arab Bank mandatory?
Ans: Yes, it is mandatory that your monthly salary should be transferred to United Arab Bank for a personal loan.
Q.2. Are collaterals needed to avail UAB personal loan?
