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Obtaining a personal loan in Dubai

As an individual customer, you can get a personal loan which can be paid back in installments from your salary, end-of-service benefits or other verifiable sources of income. It is possible to apply for a personal loan from a bank other than the bank where your salary is being transferred, though this is rare. As per UAE Central Bank, the maximum amount of a personal loan should not exceed 20 times your salary or income and this loan should be paid back within a maximum span of 48 months against a monthly deduction of no more than half your salary.

Regulations regarding bank loans & other services offered to individual customers – Central Bank (See page 4-5 of pdf download)
Personal loan for Emiratis – Emirates NBD
Personal loan for expatriates – Emirates NBD
Personal loans for marriage in Dubai - Simplylife from ADCB
Personal loans for Emaratis - Mashreq Bank
Personal loans for Expatriates - Mashreq Bank

Personal loans – Commercial Bank of Dubai
No Transfer Financing Program – Emirates NBD

 

Published Date : 14/04/2014Back


Life Events Top Category

Citizens; Residents

Individual Life Events

Dealing with banks in Dubai

Sublife Event Title

Obtaining a personal loan in Dubai

Life Events Supporting Partners

Central Bank of UAE

Rank

3

Published Date

27/05/2011

ExpiryDate

28/07/2017

AlertDays

0

Body

As an individual customer, you can get a personal loan which can be paid back in installments from your salary, end-of-service benefits or other verifiable sources of income. It is possible to apply for a personal loan from a bank other than the bank where your salary is being transferred, though this is rare. As per UAE Central Bank, the maximum amount of a personal loan should not exceed 20 times your salary or income and this loan should be paid back within a maximum span of 48 months against a monthly deduction of no more than half your salary.

Regulations regarding bank loans & other services offered to individual customers – Central Bank (See page 4-5 of pdf download)
Personal loan for Emiratis – Emirates NBD
Personal loan for expatriates – Emirates NBD
Personal loans for marriage in Dubai - Simplylife from ADCB
Personal loans for Emaratis - Mashreq Bank
Personal loans for Expatriates - Mashreq Bank

Personal loans – Commercial Bank of Dubai
No Transfer Financing Program – Emirates NBD

 

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Related Government Entity

Central Bank of the UAE; Emirates Competitive Council

Related Topics

Regulations regarding bank loans & other services offered to individual customers – Central Bank (pdf download); Lodging a complaint with Central Bank; Corporate governance guidelines for UAE Bank directors – Central Bank; Shareholding ownership of UAE Banks – Central Bank; Tele-marketing of financial products banned in UAE - Gulf News; Pesky telemarketing calls by banks banned; Shareholding ownership of UAE exchange houses – Central Bank

Related Private Links

All commercial banks in UAE; All investment banks in UAE; All financial investment companies in UAE; All finance companies in UAE; Representative offices of foreign banks in UAE

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0

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AlertUpdateDate

14/04/2014

AlertNewDate

27/05/2011

TopCategory:TopCategoryArabic

للمواطنين; المقيمون

TopCategory:TopCategoryEnglish

Citizens; Residents

ArticleCategory:CategoryArabic

التعامل مع القطاع المصرفي في دبي

ArticleCategory:CategoryRank

1

ArticleCategory:CategoryIconURL

/Article%20Category%20Icons/cr_comm_dealing_with_banks.jpg

ArticleCategory:CategoryEnglish

Dealing with banks in Dubai

ArticleCategory:ShowOnHomePage

No

GovernmentEntity:ArabicURL

http://www.centralbank.ae/; http://www.ecc.ae/ar/home

GovernmentEntity:EnglishURLText

Central Bank of the UAE; Emirates Competitive Council

GovernmentEntity:EnglishURL

http://www.centralbank.ae/; http://www.ecc.ae/

GovernmentEntity:ArabicURLText

مصرف الإمارات العربية المتحدة المركزي; مجلس الإمارات للتنافسية

PrivateLinks:ArabicURLText

البنوك التجارية في دولة الإمارات; البنوك الاستثمارية في دولة الإمارات; شركات الاستثمار المالية في دولة الإمارات; شركات التمويل في دولة الإمارات; مكاتب تمثيل البنوك الأجنبية قي دولة الإمارات

PrivateLinks:ArabicURL

http://www.centralbank.ae/index.php?option=com_content&view=article&id=117&Itemid=97; http://www.centralbank.ae/pdf/bsed/Inv.Bank%20WSB%20FI%20Co.%20.list-%20Dec.%2009(EA).pdf; http://www.centralbank.ae/pdf/bsed/InvestmentcomlistDec2010.pdf; http://www.centralbank.ae/pdf/bsed/Fin.co.%20Dec.09.pdf; http://www.centralbank.ae/index.php?option=com_content&view=article&id=138&Itemid=104

PrivateLinks:EnglishURLText

All commercial banks in UAE; All investment banks in UAE; All financial investment companies in UAE; All finance companies in UAE; Representative offices of foreign banks in UAE

PrivateLinks:EnglishURL

http://www.centralbank.ae/en/index.php?option=com_content&view=article&id=149&Itemid=97; http://www.centralbank.ae/en/index.php?option=com_content&view=article&id=119&Itemid=98; http://www.centralbank.ae/en/index.php?option=com_content&view=article&id=139&Itemid=126; http://www.centralbank.ae/en/index.php?option=com_content&view=article&id=139&Itemid=126; http://www.centralbank.ae/en/index.php?option=com_content&view=article&id=138&Itemid=104

TopicLinks:EnglishURLText

Regulations regarding bank loans & other services offered to individual customers – Central Bank (pdf download); Lodging a complaint with Central Bank; Corporate governance guidelines for UAE Bank directors – Central Bank; Shareholding ownership of UAE Banks – Central Bank; Tele-marketing of financial products banned in UAE - Gulf News; Pesky telemarketing calls by banks banned; Shareholding ownership of UAE exchange houses – Central Bank

TopicLinks:EnglishURL

http://www.centralbank.ae/en/pdf/notices/RegulationsRegardingBankLoans.pdf; http://www.centralbank.ae/en/index.php?option=com_content&view=article&id=151&Itemid=123; http://www.centralbank.ae/en/pdf/Draft-CGGuidlines.pdf; http://www.centralbank.ae/en/pdf/ownership/bank's%20Ownership%20Structure.pdf; http://gulfnews.com/business/general/tele-marketing-of-financial-products-banned-in-uae-1.780869; http://www.emirates247.com/news/emirates/pesky-telemarketing-calls-by-banks-banned-2011-03-22-1.371486; http://www.centralbank.ae/en/pdf/ownership/Moneychangers%20ownership%20structure.pdf

TopicLinks:ArabicURLText

نظام القروض المصرفية والخدمات الأخرى المقدمة للعملاء الأفراد- مصرف الإمارات المركزي (نسق بي دي إف); تقديم شكوى إلى المصرف المركزي; الإرشادات الخاصة بحوكمة الشركات لمديري مصارف الإمارات - مصرف الإمارات المركزي; ملكية أسهم مصارف الإمارات- مصرف الإمارات المركزي; << المركزي>>: التضليل سبب منع التسويق الهاتفي للخدمات المصرفية - الإمارات اليوم; حظر الاتصالات المزعجة الخاصة بتسويق منتجات المصارف; ملكية أسهم شركات الصرافة في دولة الإمارات- مصرف الإمارات المركزي

TopicLinks:ArabicURL

http://www.centralbank.ae/en/pdf/notices/RegulationsRegardingBankLoans.pdf; http://www.centralbank.ae/index.php?option=com_content&view=article&id=144&Itemid=57; http://www.centralbank.ae/en/pdf/Draft-CGGuidlines.pdf; http://www.centralbank.ae/en/pdf/ownership/bank's%20Ownership%20Structure.pdf; http://www.emaratalyoum.com/business/local/2011-03-23-1.371815; http://www.emirates247.com/news/emirates/pesky-telemarketing-calls-by-banks-banned-2011-03-22-1.371486; http://www.centralbank.ae/en/pdf/ownership/Moneychangers%20ownership%20structure.pdf

ArticleSupDepart:ImageName

cr_comm_obtain_personal_loan

ArticleSupDepart:DepartmentURL

http://www.centralbank.ae/index.php

ArticleCategory:AdditionalTopCategory

Businesses

ArticleCategory:ID

1

ArticleCategory:RankCitizen

210

ArticleCategory:RankResidents

210

ArticleCategory:RankBusinesses

0

ArticleCategory:RankVisitors

0

ModificationDt

14/04/2014

MobileRank

1

Attachments

Created at 29/05/2011 13:45 by Ali Developer
Last modified at 14/04/2014 08:40 by Garth Mitchell