No. Personal loans in the UAE are typically unsecured, meaning you do not need to provide any asset as security.

This depends on the bank. Minimum salary requirements generally range from AED 3,000 to AED 10,000 per month.

Repayment terms usually range from 12 to 48 months, though some banks may offer up to 60 months depending on the customer profile.

Most banks require:

• Emirates ID

• Passport & visa copy

• Salary certificate or employment letter

• Recent bank statements (3–6 months)

• For self-employed: trade license + financial statements

The borrowing limit depends on your income, credit score, existing liabilities, and bank policies. Many lenders offer loans up to 20–25 times your monthly salary.

Banks offer two types of interest rates:

• Flat rate – calculated on the entire loan amount

• Reducing rate – calculated on the outstanding balance

Reducing rates generally reflect the true cost of the loan more accurately.

Yes. Many lenders offer non-salary-transfer personal loans, although interest rates may be slightly higher.

Absolutely. Personal loans are widely available to UAE residents of all nationalities, as long as they meet the bank’s eligibility requirements.

Yes. Most banks allow early settlement with a small fee—usually up to 1% of the remaining loan amount.