Al Masraf Personal Loan

The Al Masraf personal loan is designed to meet diverse financial needs in the UAE. With competitive interest rates and a straightforward application process, this product lets you access monetary support for various purposes.

Minimum Salary 5000 AED
EMI Tenure up to 48 Months
Lowest Interest Rates

Written ByAkshitaBrand Marketing Executive

Reviewed ByRavindra DhakarProduct Manager

Last updated on 30 June 2026Editorial Standards

You can use this loan — whether for home renovation, education, or consolidating debts — and get exceptional features such as extended repayment terms, quick approval, and more.

Key Features of the Al Masraf Personal Loan in UAE

Tabled are the major perks of the Al Masraf personal loan in the UAE —

Retail Banking - Personal Loan	Islamic Bank - Personal Finance
High loan amount of up to 20 times your salary Flexible repayment tenure of up to 48 months Competitive fixed interest rates ranging between 6.49% and 14.49% per annum Easy documentation and fast application processing Loan deferment facility available	Shariah-compliant structured product High finance amount of up to 20 times the income Get a dedicated Relationship Manager Fixed profit rates ranging between 6.49% and 14.49% Flexible repayment period of up to 48 months Free first chequebook, free teller transactions, and free monthly/ quarterly statements

Know Your Eligibility for Al Masraf Loan in the UAE

You must meet the following eligibility requirements for the Al Masraf personal loan —

Retail Banking - Personal Loan	Islamic Bank - Personal Finance
Minimum Age - 21 years	Minimum Age - 21 years
Maximum Age - 65 years	Minimum Salary - AED 15,000
Minimum Salary -AED 15,000	Residency - UAE national or UAE resident
Residency - UAE national or UAE resident	Employment - Minimum 6 months length of service and confirmed

Check loan eligibility and apply personal loan

Al Masraf Personal Loan — Documents Checklist

To apply for the personal finance or loan offered by Al Masraf, you will need the following documents -

Retail Banking - Personal Loan	Islamic Banking - Personal Finance
Emirates ID Passport Salary Certificate Duly Filled Application Form	Emirates ID Passport UAE Residence Visa Trade Licence Copy Duly Filled Application Form

Apply for an Al Masraf Loan via Paisabazaar.ae

Through the online portal of Paisabazaar UAE, you can instantly apply for a loan.

Here's what you need to do —

Click here — this will take you to the lead form
Enter the required details
Submit the form
Get directed to the quotes
Choose the Al Masraf loan and understand its key features, charges, and more
Apply to complete the process

Al Masraf Personal Loan Calculator

Personal Loan EMI Calculator

Total Interest AmountAED 0

Monthly InstalmentAED 0

Total Payable (Principal + Interest)AED 0

Loan Amount

AED

10,00010,000,000

Interest Rate

150

Reducing Rate (1% - 50%)

Loan Tenure

1240

(Minimum & Maximum Months)

Ever wondered if you could estimate your monthly instalments even before applying for a loan?

Well, thanks to advancements in technology, banks and financial institutions have developed their online calculators. This tool is free and generates accurate results based on the values you’ve entered. Simply provide the loan amount, loan tenure, and interest rate.

The result is generated instantly, which not only saves time but also eliminates human calculation errors. Just keep in mind that the actual value may vary due to the finalised interest rate.

Click here to access an easy-to-use personal loan calculator!

Fees and Charges for Al Masraf Personal Loan in UAE

The key fees and charges of the Al Masraf personal loan are as follows —

Retail Banking - Personal Loan	Islamic Banking - Personal Finance
Processing Fees - 1% of the loan amount (Min - AED 500, Max - AED 2,500)	Processing Fees - 1% of the finance amount (Min - AED 500, Max - AED 2,500)
Credit Life Insurance - 0.0131% (per month) of the outstanding loan amount	Late Payment Fee - 2% of the delayed amount (Min - AED 50, Max - AED 200)
Delayed Payment Penal Interest Charges - 2% of the delayed amount (Min - AED 50, Max - AED 200)	Finance Top-Up (applicable only before the first 6 EMIs) - 1% of the finance top-up amount (Min - AED 500, Max - AED 2,500)
Loan Top-Up (valid only before the first 6 EMIs) - 1% of the loan top-up amount (Min - AED 500, Max - 2,500)	Finance Rescheduling Fees - AED 250
Loan Cancellation Fee - AED 100	Finance Cancellation Fees - AED 100
Loan Rescheduling Fee - AED 250	Instalment Deferment Fee - AED 100
Deferment of Instalment - AED 100	Early Settlement for Finance from the Same Bank - 1% of the outstanding balance Max - AED 10,000
Early Settlement (whether for a loan from the same bank or any other one) - 1% of the outstanding balance - up to AED 10,000	Early Settlement from Other Banks’ Finance - 1% of the outstanding balance, up to AED 10,000
Final Settlement from Other Sources/ End of Service Benefits (EOSB) - 1% of the outstanding balance, up to AED 10,000	Final Settlement from Other Sources/ End of Service Benefits - 1% of the outstanding balance (max – AED 10,000)
Partial Payment from All Sources, including EOSB - 1% of the outstanding balance, up to AED 10,000	Partial Payment from All Sources, including EOSB - 1% of the outstanding balance (max - AED 10,000)

Frequently Asked Questions

You must have a salary of at least AED 15,000 to apply for this Al Masraf loan.

Yes, a repayment holiday feature is available.

Yes, the fee is 1% of the outstanding amount. The maximum fee amount is AED 10,000.

Yes, expatriates living in the UAE are eligible to apply for the loan.

Repayment terms range from 12 months to 48 months, depending on the loan amount and your preferences.

No, the Al Masraf personal loan is an unsecured loan. Thus, no collateral is required.

Customer Reviews & Ratings

82 genuine reviews and ratings across our services.

4.7 / 5

Much better than bank sitesCompared to individual bank websites, this one is much more user-friendly. I liked how I could browse and explore all the UAE personal loans and their rates and even approx instalments — everything out there on my screen!

One and only one placeAfter searching practically all the market for insurance, I can confidently say paisabazaar.ae is the best and the most unique. I am very in awe of how literally all the best plans are on their website. What I liked even more is that these insurance policies are at very low prices. Truly I have found only one place with this combo of plans and low costs.

Good for my choiceI thought my salary won’t bring me any loans. But with Paisabazaar.ae I easily got a personal loan for 5000 salary. A few clicks is all it took.

No pressure, just optionsWhat I absolutely liked about the platform was how I could compare personal loans without being pushed to make an immediate decision. It does feel good knowing that I am the control of the decision, of course with big help from the team.

Support that actually helpsAs a newbie in finance, I had many doubts. The support team was truly helpful and responded in detail with patience. It was a big difference for me as for the first time I could apply for personal loans with zero doubts.

Saved me a lot of timeWith Paisabazaar.ae, I found everything in one place without getting confused between so many sites.