Personal Loan in UAE for Expats

A personal loan in UAE for expats is a smart and convenient solution for residents. It helps you manage various financial needs, whether it’s an unexpected expense or a life milestone such as a wedding, education, home renovation, and more. With flexible repayment options, competitive interest rates, and unparalleled benefits, you can easily get this loan from various banks. Let’s explore the top options available in the UAE along with their key details.

Best Personal Loans in UAE for Expats

With multiple options available, it can be difficult to find the right option. To help you out, we have listed some of the top personal loans for expatriates in UAE. Take a look at the table below for the best loans featuring attractive interest rates, flexible repayment options, and a convenient application process.

Name of the Personal Loan Product	Minimum Salary Requirement (per month)	Starting Interest or Profit Rate
FAB Personal Loan	AED 7,000	5.44% (Fixed rate)
ADCB Personal Loan for Expatriates	N/A	6.49%
Emirates NBD Salary Transfer Loan	AED 5,000	N/A
RAKBANK Personal Loan	AED 5,000	5.49% (Reducing rate)
ADIB Personal Finance	AED 5,000	N/A

FAB Personal Loan

FAB (First Abu Dhabi Bank) is a leading bank in the UAE. It offers personal loans with attractive features and benefits. Here are some of the key perks of this finance option -

High finance amount of up to AED 2 million for expats
Enjoy a grace period of 275 days
Minimal documentation
Quick loan processing
Easy repayment terms

ADCB Personal Loan for Expatriates

Abu Dhabi Commercial Bank (ADCB) provides a tailored loan specifically for expatriates, designed to meet diverse financial needs. Here are some standout features that make this loan an ideal choice -

Enjoy competitive interest rates
Low processing fees — 1.05% of the loan amount
Extended repayment term of up to 48 months
Credit life insurance facility
Option to consolidate loans available
Earn up to 150 TouchPoints for every AED 1,000 of loan amount

Emirates NBD Salary Transfer Loan

You can enjoy a flexible personal loan for expats in UAE with Emirates NBD. It features a high finance amount, a zero balance account for free, and a range of other benefits. Let’s take a look at some of the major features of this bank -

Get a high loan amount — up to AED 3 million
7-day loan return option
Repay the loan in a period of up to 48 months
First payment deferment of up to 60 days
Option to use the loan top-up facility
Co-applicant program available
Attractive interest rate

RAKBANK Personal Loan

Applying for a personal loan in the UAE for expats is quite easy with RAKBANK. In just a few steps, you can easily get a high amount without any hassles. This loan features a wide range of benefits -

Instant and easy loan approval
Competitive interest rates
Easily switch your other bank loan to RAKBANK
Loan top-up facility
Requires a low AECB score (541)
Salary transfer is mandatory
Enjoy a long repayment period of up to 48 months

ADIB Personal Finance

Abu Dhabi Islamic Bank (ADIB) is an ideal choice if you are looking for a Shariah-compliant personal finance option. It offers Islamic finance solutions with excellent benefits tailored for expatriates. Here are the key aspects of ADIB personal finance -

Easy application process
Get a 7-month grace period for your first installment
Secure a high finance amount of up to AED 2 million as an expat
Enjoy flexible repayment terms of up to 48 months
Personal finance takaful coverage available
Pre-approval in 30 minutes
Simple documentation

Eligibility Criteria for a Personal Loan in UAE for Expats

Different banks have varying eligibility criteria for personal finance, especially for expatriates. However, most lenders follow a common set of requirements in most aspects. Here are the key criteria you need to fulfil to qualify for a personal loan for expats in UAE -

Eligibility Criteria	Requirements
Age	You must be at least 21 years old
Employment Status	Both a salaried and a self-employed individual
Minimum Income	Minimum monthly salary of AED 5,000

Note: Your respective bank may have other eligibility criteria. Make sure to confirm before applying.

✍️ It’s also a good idea to have a high credit Score. This can simplify the approval and even qualify you for favourable terms.

Know all about Your Personal Loan Eligibility

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Documents Required for Personal Loan in UAE for Expats

When applying for personal finance, you may need to submit a few documents. For a smooth process, it’s important to know the standard requirements. Here are some of the key documents required to secure a personal loan for expats in Dubai or any other Emirate -

Emirates ID
Valid passport and residence visa (if applicable)
Salary transfer (if required)
Salary certificate
Last 3 months' bank statements
Details of existing loan (if any)

✍️ If required, the chosen bank may ask for some additional documents

Frequently Asked Questions

Ans: Most banks do not offer personal loan in UAE for expats without an approved employer. However, some banks may make an exception and offer personal loans for non-listed companies in the UAE on the basis of the applicant’s income and reputation of the employer.

Ans: Top-up personal loans are a type of loan offered to the borrower after they have paid a certain number of payments of the total tenor. Top-up personal loans in UAE extend the tenor of an existing loan, increase the borrowed amount and may even offer lower personal loan interest rates. They are only offered to borrowers that make payments on-time.

Ans: Certain personal loans in UAE for expats offer added incentives such as free credit cards, debit cards, life insurance and more. These personal loan offers in UAE vary depending on the respective loan issuer.

Ans: The best personal loan in UAE is a matter of perspective. Some applicants may consider the lowest interest rates for personal loan in UAE for expats to be an indicator of the best loan, while others may look for personal loan offers in UAE. The best way to identify such a loan is to conduct your own personal loan comparisons and use a personal loan calculator to accurately determine the monthly EMI.