Applying For a Personal Loan with a Salary of AED 2000?

Struggling to find a personal loan in UAE? Well, you must be aware of the eligibility requirements before initiating the application. These include, your credit score, employment status, nationality, age, and salary. When it comes to salary criteria, many get confused if a personal loan in UAE at 2000 salary is available.

Here, we have answered whether you can get a personal loan at AED 2000. Additionally, we have provided a list of top personal loans available for individuals at the minimum salary if given.

Is It Possible to Get a Personal Loan with a Salary of AED 2000 In the UAE?

Unfortunately, no. You cannot get a personal loan in UAE for 2000 salary. As per the law by the Central Bank of the UAE, individuals earning below AED 5,000 are not eligible for a loan. Although you cannot get a personal loan with a minimum salary of 2000, you can still find options once you reach the minimum qualifying salary, which is AED 5,000. Let’s explore the suitable options in the next section.

Top Banks Offering Personal Loan at AED 5,000

The following is a list of the top personal loans in UAE available in AED 5,000:

1. Emirates NBD Personal Loan

No matter whether you’re a national or an expatriate, the ENBD personal loan has got you covered. The bank offers two separate loan options for nationals and expats. From high loan amounts to loan deferments, you get it all. Let’s explore the additional benefits you can enjoy with this loan.

Feature Type	Emirates NBD Personal Loan for UAE Nationals	Emirates NBD Personal Loan for Expatriates
Loan Amount	The bank offers a high loan amount of AED 4 million	The bank offers a high loan amount of AED 2 million
Loan Tenure	Get up to 48 months to repay the loan amount	Get up to 48 months to repay the loan amount
Loan Deferment	Enjoy the first loan holiday of 120 days Up to 2 non-consecutive deferments during the whole tenure	Enjoy the first loan holiday of up to 90 days Up to 2 non-consecutive deferments during the whole tenure
Interest Rate	Get competitive interest rates starting from 5.99% (reducing rate)	Get competitive interest rates starting from 5.99% (reducing rate)
Credit Life Insurance	Get your outstanding amount covered in case of any unfortunate circumstances	Get your outstanding amount covered in case of any unfortunate circumstances
Loan Return Option	A 7-day loan return option is available	A 7-day loan return option is available
Free Service	Open a free zero balance account without any charges	Open a free zero balance account without any charges

Why Choose Emirates NBD Personal Loan?

With just a minimum monthly salary of AED 5,000, you can apply for the ENBD personal loan in the UAE. On loan issuance, you also have the benefit of opening a free zero balance account to keep your money safe. What’s more? You have the option to return your loan within the first 7 days, if needed.

2. Deem Finance Personal Loan

Get an affordable personal loan with Deem Finance. If you urgently need money, this loan is one of the best options. Find out your loan qualification status in just a few minutes. Check out the table below to know the benefits of the Deem Finance personal loan.

Why Choose Deem Finance Personal Loan?

Secure a quick cash loan with Deem. It has the lowest salary requirement, that is, AED 5,000. On top of that, you don’t have to transfer your salary. Repay the borrowed amount in easy instalments within a loan tenure of 4 months.

3. ADCB Personal Loan

Now secure a personal loan at low interest rate with Abu Dhabi Commercial Bank. You get high loan amounts and a flexible loan tenure to repay the loan. The loan comes with a plethora of features, which are mentioned in the table below.

Feature Type	Personal Loan for UAE Nationals	Personal Loan for Expats
Loan Amount	Get a loan amount of up to your high salary multiples	Get a loan amount of up to your high salary multiples
Interest Rate	Get competitive interest rates starting from 5.24% per annum	Get competitive interest rates starting from 6.49% per annum
TouchPoints	Receive up to 150 TouchPoints for every AED 1000 of the loan amount	Receive up to 150 TouchPoints for every AED 1000 of the loan amount
Loan Process	Easy documentation with instant approvals	Easy documentation with instant approvals
Salary Overdraft	Receive up to 3 times your salary overdraft	Receive up to 2 times your salary overdraft
Free Service	Receive a credit card for free on loan issuance	Receive a credit card for free on loan issuance
Credit Life Insurance	Available	Available

Why Choose ADCB Personal Loan?

Enjoy a seamless loan application process with ADCB personal loan. You earn 150 TouchPoints on each AED 1000 loan amount and you will also receive a complimentary free credit card. Besides, credit life insurance is included for added peace of mind.

4. RAKBANK Personal Loan

Do you work with a RAKBANK-approved employer? If yes, you are eligible for the RAKBANK personal loan (eligibility is subject to other criteria as well). However, ensure that this loan requires you to transfer your salary until the loan repayment. Let’s see what perks you get with this loan.

Feature Type	Description
Interest Rate	Enjoy a competitive interest rate starting from 5.49% per annum (reducing rate)
Loan Approval	The bank assures loan approval within 7 days of submitting your request.
Loan Switch	Easily switch to RAKBANK if you have an existing loan with another bank.
Loan Top Up	You can top up your loan up to the original loan amount.

Why Choose RAKBANK Personal Loan?

The personal loan by RAKBANK is definitely a good choice as it offers competitive interest rates. The bank ensures loan disbursal within 7 business days (if the request is approved). You need a minimum credit Score of 541 to be eligible for the loan.

5. ADIB Personal Finance

Get your loan approved in 30 minutes with ADIB personal finance. It is one of the preferred choices among UAE residents, offering an easy loan repayment tenure. Secure your outstanding balance with personal finance takaful. Refer to the table below for detailed information.

Feature Type	Description
Finance Amount	You can avail up to AED 3 million for the UAE nationals You can avail of up to AED 1 million for expatriates
Loan Tenure	A flexible loan repayment tenure of 48 months is available
Payment Holiday	Up to a 90-day grace period before making the first payment Up to 2 instalment holidays in a year
Loan Approval	Get your loan approved in 30 minutes after applying
Personal Finance Takaful Coverage	Optional coverage is available for an outstanding balance of up to AED 2.5 million
Profit Rate	Competitive profit rate starting from 4.59% per annum

Why Choose ADIB Personal Finance?

The ADIB personal finance is an ideal option for those in need of a high amount. Additionally, with multiple loan deferment options, you can manage your expenses with greater flexibility.

Check loan eligibility and apply personal loan

Eligibility Requirements for a Personal Loan in UAE

We have mentioned the common eligibility criteria for a personal loan in the following table:

Eligibility Type	Requirements
Minimum Age	You must be at least 21 years old
Maximum Age	The maximum age ranges between 60 and 65 years, depending on the chosen bank
Residency	You must be a UAE national or a UAE resident

Note - Additional eligibility criteria may apply.

Personal Loan Application Requirements- Documents Checklist

A general list of documents required for obtaining a personal loan in UAE is given below:

For UAE Nationals	For UAE Expatriates
✔️ Emirates ID ✔️ Passport ✔️ Latest 3- 6 months’ bank account statements ✔️ Salary certificate ✔️ A security cheque	✔️ Emirates ID ✔️ Passport ✔️ UAE Residency Visa ✔️ Latest 3- 6 months’ bank account statements ✔️ Salary certificate ✔️ A security cheque

Note -

Documents must be valid
Additional documents may be required
Keep the originals and copies of all documents handy

Personal Loans Based on Salary in UAE
Personal Loan in UAE for 2500 AED salary	Personal Loan in UAE for 3000 AED salary
Personal Loan in UAE for 4000 AED salary	Personal Loan with Salary AED 5000
Personal Loan for 6000 AED Salary	Personal Loan for 7000 Salary in UAE
Personal Loan for AED 8000 salary	Personal Loan in UAE with 9000 Salary
Personal Loan in UAE 11000 Salary	Personal Loan in UAE with 15000 Salary
Personal Loan for AED 17000 salary	Personal Loan for AED 20000 salary
Personal Loan in UAE with 25000 Salary