Personal Loan in UAE Without Salary Transfer - Check Interest Rate & Benefits

What is a Personal Loan Without Salary Transfer?

A personal loan without salary transfer is a type of loan available for applicants who don’t want to transfer their salary to the lending bank. It is an unsecured loan that several banks and financial institutions offer. It is because you don’t need to open an account with the bank sanctioning it.

This loan offers benefits, like high finance amount, competitive interest rates, minimal documentation, and flexible repayment terms.

Key Features and Benefits of Personal Loan in UAE Without Salary Transfer

Here are the key features and benefits of a personal loan in the UAE:

It comes with flexibility, as the loan application doesn't require a salary transfer.
Instantly get the non-salary transfer personal loan in UAE with a complete digital process.
You can secure a high loan amount with a personal loan.
You can enjoy a flexible repayment tenure of up to 48 months with this loan.
Many banks or financial institutions offer life cover with this loan type.

Who Can Opt for a Loan without Salary Transfer?

This loan is suitable for everyone, right from professionals to freelancers, commission-based employees, and more.

List of Banks Offering Personal Loans Without Salary Transfer

Tabled below are the top banks in the UAE offering personal loans with no salary transfer requirements:

Banks	Interest/Profit Rate	Key Specification	Apply Now
RAK Bank	Starting from 14.99%	Quick and simple application process High loan amount up to AED 500,000 for UAE nationals and AED 200,000 for expatriates A low credit score of 541 is required	Apply Now
Commercial Bank of Dubai (CBD)	N/A (attractive interest rate)	Digital loan application process Minimal documentation Get up to AED 150,000 loan amount	Apply Now
Deem Finance	Starting from 15.99%	Online application process Easy repayment options Deem credit life plus coverage	Apply Now

Note: The interest rate offered by the banks may change over time, so check it from the bank’s official website.

Check loan eligibility and apply personal loan

Eligibility Criteria for Personal Loan Without Salary Certificate UAE

You need to meet the following eligibility criteria if you want to secure an urgent cash loan in UAE without salary transfer:

Eligibility	Criteria
Minimum age	21 years old
Minimum salary	AED 5,000
Residency	Must be a UAE resident

Note: The eligibility requirements, especially for minimum salary, may vary from bank to bank. So, make sure to check the specific eligibility criteria of a chosen bank for the personal loan.

Did You Know?

A good credit score, typically more than 750, significantly increases your chance of personal loan approval without a salary transfer.

Documents Required for a Personal Loan Without Salary Transfer

Here is the list of required documents to apply for a non-salary transfer personal loan:

Completely filled-in application form
Bank statements for the last 3 or 6 months (depending on the bank’s requirements)
Emirates ID
Passport with a Residence visa page
Address proof, like utility bills
Security cheque

Note: The loan provider may request some additional documents, so keep them handy.

How to Apply for a Personal Loan Without Salary Transfer in the UAE?

With Paisabazaar.ae, you can easily apply for a loan in the UAE without salary transfer. The online platform is associated with the leading banks and financial institutions to provide you with the best personal loan options.

You can easily secure a personal loan by following the steps below:

Step1- Click on ‘Personal loan without salary transfer’ under the ‘Personal loan’ tab
Step2- Fill out the lead form with the required details, such as your name, nationality, age, income, and more
Step3- Get the quote page after submitting the information
Step4- Compare various loan options with their interest rates, features, documentation, and more
Step5- Hit the ‘Apply’ button after finding the best option for you.

You are done! After reviewing your application, one of our experts will connect with you to guide you further.

FAQ's

To secure a personal loan without salary transfer in the UAE, your monthly income must be at least AED 5,000. However, the salary requirement may also vary from bank to bank.

There are many banks in the UAE where you can apply for personal loans without salary transfer, such as CBD, RAK Bank, Emirates NBD, and more.

Yes, many banks or financial institutions offer personal loans with no salary transfer for expatriates in the UAE.

Yes, whether you are salaried or self-employed, you can easily apply for a personal loan in the UAE. If you are not a salaried applicant, you need to submit some additional documents to prove your income.

Different banks or financial institutions have different eligibility requirements to apply for a personal loan. Generally, you must be a UAE resident with an income of more than AED 5,000 and 21 years of age to secure the loan in the UAE.