# Interest Rate on Non-Salary Transfer v/s Salary Transfer Personal Loan **Published:** 2019-10-04T00:00:00.000Z **Updated:** 2026-07-30T16:22:32.916Z **Author:** Akshita **Original Url:** https://www.paisabazaar.ae/personal-loans/articles/interest-rate-on-non-salary-transfer-v-s-salary-transfer-personal-loan-ccart/ Personal Loan up to 8 times your Salary When you are in dire need of funds, a personal loan can turn out to be a good option for your aid. Instead of taking the hassle of borrowing from your family or friends, you can simply opt for this easy finance option. Now, have you been wondering what makes personal finance convenient? It is convenient as you can make the repayment easily within a flexible period of time through budget-friendly installments. Moreover, with easy and little paperwork, you can enjoy quick disbursal of funds. You must already know that this type of finance comes in two options- [personal loan in UAE without a salary transfer](https://www.paisabazaar.ae/personal-loans/personal-loan-in-uae-without-salary-transfer/) and with salary transfer. In a Non-salary transfer loan, you can avail this finance from the lender, without having to transfer your salary to an account with them monthly. While in the case of a salary transfer loan, it is mandatory to transfer your monthly income to the account with the concerned bank to be eligible to obtain the finance. ## Why Interest Rate on Non-Salary Transfer Personal Loan is higher than Salary Transfer Personal Loan? Usually, the bank or financial institution charges a higher rate of interest on the loan without salary transfer as there is no definite proof of continuous income with them. In case of a loan with salary transfer, it is mandatory for the borrower to transfer their monthly income, which gives the lender proof that the borrower has a steady source of income. But, this is not the case when it comes to no salary transfer loans. Also, personal finance is already an unsecured loan, and if there is no income transfer, it further makes it even more unsecured for the loan provider. Therefore, the lender charges a higher interest rate from the individuals opting for non-salary transfer consumer finance. Nevertheless, both the type of loans has their amazing features and benefits some of which are listed below. ## Benefits of Personal Finance Here are a few key benefits of this loan in the UAE> ### Quick Disbursal On applying for the loan, you can get your hands on the funds almost instantly as the lenders in the UAE offer the facility of quick disbursal. ### No Need for Collaterals These loans are unsecured, hence, they do not require you to mortgage collaterals like shares, jewellery, home, etc. ### Hassle-free Processing With minimal documentation and easy application process, you can easily obtain these loans through online banking, phone banking, or by visiting the bank branch. ### Flexible Repayments You can make the repayment these loans with simple EMIs or monthly installments within a flexible loan tenure. This lets you optimize your outflow every month as per your requirements. Usually, the maximum loan tenure is 48 months in the UAE. ### Funds can be used for Various Purposes Amongst the biggest benefit of this loan is that they can be used for any purpose you want such as holiday, wedding, home renovation, electronics or gadget shopping, business investment, and more. The only thing you need to take care of is that you must not put the funds for any illegal purposes. ## How to Apply for these Loans? To apply for this finance, simply fill up the application form online or at the branch of the bank. Your profile and documents will then be assessed by the agents at the concerned bank who will get back to you with the loan offer. After determining the rate of interest on the loan, its tenure, other important factors, your loan application will get processed. The banks these days offer quick or instant disbursal of funds after the loan is processed successfully. **To Sum Up!** Every person has dreams, and each of them must have the ability to make these dreams come alive, irrespective of what these dreams are. It can be about studying further or buying the new trendiest gadget in the market, or a vacation with your family or friends. It may also be the case that you simply need some extra funds during a financial crisis. As a solution for all of these, you have personal loans. You can, however, select the kind of personal finance you need- with a salary transfer or without salary transfer, depending upon your needs as well as the rate of interest you can bear. ### **Personal Loan Top Searches** [Personal Loan in UAE](https://www.paisabazaar.ae/personal-loans/) | [Urgent Cash Loan in UAE](https://www.paisabazaar.ae/urgent-cash-loan-in-dubai-plart/) | [Borrow Money Online in UAE](https://www.paisabazaar.ae/personal-loans/articles/where-can-you-borrow-money-in-uae/) | [Personal Loan for Expats](https://www.paisabazaar.ae/personal-loan-for-expats-plc/) | [Private Lenders in UAE](https://www.paisabazaar.ae/personal-loans/articles/private-lenders-in-uae/) | [Buyout loan UAE](https://www.paisabazaar.ae/buyout-loan-plart/) | [Personal Loan in UAE 4000 Salary](https://www.paisabazaar.ae/personal-loan-with-salary-less-than-aed-4000-in-dubai-plart/) | [Personal Loan in UAE 3000 Salary](https://www.paisabazaar.ae/how-much-personal-loan-can-i-get-on-aed-3000-salary-plart/) | [Personal Loan Without Salary Transfer](https://www.paisabazaar.ae/personal-loan-in-uae-without-salary-transfer-plc/) | [Personal Loan in UAE 2500 Salary](https://www.paisabazaar.ae/personal-loan-in-uae-aed-2500-salary-apply-now-online-plart/) | [Personal Loan in UAE 5000 Salary](https://www.paisabazaar.ae/personal-loans/articles/banks-offering-personal-loan-in-uae-with-5000-salary/) | [Personal Loan in UAE 2000 Salary](https://www.paisabazaar.ae/applying-for-a-personal-loan-with-a-salary-of-aed-2000-plart/) | [Personal Loan for Non Listed Companies](https://www.paisabazaar.ae/personal-loan-for-non-listed-companies-plc/) | [Personal Loan for Self-Employed Professional](https://www.paisabazaar.ae/personal-loan-for-self-employed-professionals-and-individuals-plc/) | [Personal Loan in UAE with Bad Credit Score](https://www.paisabazaar.ae/have-bad-credit-heres-how-you-can-still-get-personal-loan-plart/) ←Previous [Personal Finance at Zero Processing Fee or at Low Rate of Interest- Which is More Beneficial?](https://www.paisabazaar.ae/personal-loans/articles/personal-finance-at-zero-processing-fee-or-at-low-rate-of-interest-which-is-more-beneficial-plart/) Next→ [Personal Loans vs. Credit Cards: What’s the Difference?](https://www.paisabazaar.ae/personal-loans/articles/credit-card-vs-personal-loan-in-uae-which-is-better-plart/) ## Personal Loan Categories * [Personal Loan in UAE with AED 2000 Salary](https://www.paisabazaar.ae/personal-loans/2000-salary-personal-loan-uae/) * [Personal Loan with Bad Credit UAE](https://www.paisabazaar.ae/personal-loans/bad-credit-personal-loan-uae/) * [Personal Loan Without Salary Transfer UAE](https://www.paisabazaar.ae/personal-loans/without-salary-transfer/) * [Compare Personal Loan in UAE, Dubai](https://www.paisabazaar.ae/personal-loans/compare-personal-loans-uae/) * [Best Personal Loan in UAE](https://www.paisabazaar.ae/personal-loans/best-personal-loan-in-uae/) * [Personal Loan Interest Rates](https://www.paisabazaar.ae/personal-loans/interest-rates/) * [Personal Loan with Salary Transfer](https://www.paisabazaar.ae/personal-loans/personal-loan-with-salary-transfer/) * [Personal Loan for Self-Employed Professional](https://www.paisabazaar.ae/personal-loans/personal-loan-for-self-employed-professionals-and-individuals/) * [Personal Loan for Non-Listed Companies in UAE](https://www.paisabazaar.ae/personal-loans/personal-loan-for-non-listed-companies/) * [Personal Loans for Expats in UAE](https://www.paisabazaar.ae/personal-loans/personal-loan-for-expats/) * [Personal Loans for UAE Nationals](https://www.paisabazaar.ae/personal-loans/personal-loan-for-uae-nationals/) ## Personal Loan Bank Wise * [UAB Personal Loan](https://www.paisabazaar.ae/personal-loans/uab-personal-loan/) * [Emirates NBD Loan](https://www.paisabazaar.ae/personal-loans/emirates-nbd-personal-loan/) * [Emirates Islamic Loan](https://www.paisabazaar.ae/personal-loans/emirates-islamic-bank-personal-loan/) * [CBD Loan](https://www.paisabazaar.ae/personal-loans/cbd-personal-loan/) * [Dubai Islamic Bank Loan](https://www.paisabazaar.ae/personal-loans/dubai-islamic-bank-personal-loan/) * [Deem Finance Loan](https://www.paisabazaar.ae/personal-loans/deem-finance-personal-loan/) * [ADCB Loan](https://www.paisabazaar.ae/personal-loans/adcb-personal-loan/) * [ADIB Loan](https://www.paisabazaar.ae/personal-loans/adib-personal-loan/) * [FAB Loan](https://www.paisabazaar.ae/personal-loans/fab-personal-loan/) * [RAKBANK Loan](https://www.paisabazaar.ae/personal-loans/rak-bank-personal-loan/) * [HSBC Loan](https://www.paisabazaar.ae/personal-loans/hsbc-personal-loan/) * [Al Hilal Bank Personal Loan](https://www.paisabazaar.ae/personal-loans/al-hilal-bank-personal-loan/) * [Finance House Loan](https://www.paisabazaar.ae/personal-loans/finance-house-personal-loan/) * [Standard Chartered Loan](https://www.paisabazaar.ae/personal-loans/standard-chartered-personal-loan/) * [Sharjah Islamic Bank Loan](https://www.paisabazaar.ae/personal-loans/sharjah-islamic-bank-personal-loan/) * [Ajman Bank Loan](https://www.paisabazaar.ae/personal-loans/ajman-bank-personal-loan/) * [National Bank of Fujairah Loan](https://www.paisabazaar.ae/personal-loans/national-bank-of-fujairah-personal-loan/) * [Citibank Loan](https://www.paisabazaar.ae/personal-loans/citibank-personal-loan/) * [NBQ Loan](https://www.paisabazaar.ae/personal-loans/nbq-personal-loan/)