Emirates Islamic Bank Personal Loan Interest Rate in Dubai 2025

With competitive Emirates Islamic Bank personal loan interest rates, you can enjoy affordable borrowing in the UAE. The bank offers Sharia-compliant personal finance with a range of benefits. For you, this means competitive profit rates, flexible repayment tenures, high loan amounts, and optional Takaful coverage.

Keep on reading to know the Emirates Islamic personal loan interest rates and all the other key details.

Emirates Islamic Bank Personal Loan Interest Rate in UAE

With the personal finance of Emirates Islamic Bank (EIB), you can easily fulfil your urgent financial needs in an instant. One of the most notable aspects is the competitive Emirates Islamic loan interest rate, which keeps your borrowing cost low.

Here are the rates -

Fixed Profit Rate: The fixed rate starts at around 2% per annum. In Annual Percentage Rate (APR) terms, which includes the fees as well, the rates start at around 2.38% p.a. Here, the profit is calculated on the entire loan amount. The profit, thus, remains fixed throughout the entire repayment term.

Reducing Profit Rate: This type of Emirates Islamic Bank personal loan interest rate uses the current outstanding balance for the profit. As a result, the profit decreases over time as the remaining principal amount keeps on decreasing with each monthly repayment.

The exact rate, just like the fixed rate, depends on your age, credit Score, and other factors. Generally, however, the reducing rates are higher than flat rates.

Note: If you plan to settle the loan early, you can go for the reducing rate.

What are the Features and Benefits of Emirates Islamic Bank Personal Loan in UAE?

Emirates Islamic Bank offers leading Sharia-compliant financing options. With its personal loan in UAE, you can enjoy high finance amounts and many other perks for easy borrowing without straining your budget. Here are some of the most common features and benefits -

High Finance Amount: Emiratis can get a loan of up to AED 4 million. Expats, meanwhile, are eligible for a maximum loan of up to AED 3 million.
Flexible Repayment: The bank offers flexible repayment periods. You can choose a tenure of up to 48 months, while individuals in the Ministry of Defence can repay in up to 60 months.
Sharia Compliance: EIB personal finance fully adheres to Islamic financing principles, giving an ethically sound financial product free of riba (interest).
Attractive Profit Rates: As mentioned earlier, competitive Emirates Islamic personal loan interest rates are an attractive feature of the product. With rates starting as low as 2.38% per annum (flat), you can easily borrow without high finance costs.
Approval at a Glance: The bank has simple internal processing, which means quick and straightforward approvals.
Takaful Insurance Cover: You get optional Takaful cover with this personal finance. This can cover the outstanding amount in case of death or disability and shield your family from the burden of debt in unfortunate circumstances.

Emirates Islamic Personal Loan Eligibility

While the Emirates Islamic personal loan interest rate is quite attractive, you still need to fulfil the eligibility requirements to qualify for the loan. Here’s what the bank usually asks for when you apply for personal finance -

You must be at least 21 years old to apply. When the loan ends, you must be under 65 if you're a UAE citizen. For expats, this limit is under 60.
You need a monthly salary of AED 7,500 or more to apply for this personal finance.
At the time of applying, you must have completed at least one month in your current job. If not, you need to transfer at least your first salary to the bank.

How to Apply for an Emirates Islamic Bank Personal Loan in UAE?

With Paisabazaar UAE, it’s fairly easy to apply for an Emirates Islamic Bank personal loan. You can explore the rates, loan features, and other perks of this loan (and many others) in one place. You can also apply for it in just a few clicks!

Visit Paisabazaar.ae
Head to the ‘personal loan’ category
Enter your personal and contact details
Mention your income and employment details
You’ll see the top loans on your screen
Choose the EIB loan and explore its features
Apply for it and follow the on-screen instructions!

Frequently Asked Questions (FAQs)

Emirates Islamic personal loan interest rates start from 2% (2.38% in APR) p.a. Keep in mind that the actual rate depends on your loan amount, credit score, age, and more.

With fixed-rate loans, the interest amount remains constant throughout the entire repayment period. In reducing rates, the bank calculates the interest on the current outstanding amount. As you keep repaying the loan, the interest keeps going down with reducing rates.

You need a monthly salary of AED 7,500 or more to apply. For better Emirates Islamic personal loan interest rates, however, it’s good to have a higher salary than the minimum mark.