Top 5 Best Banks for Personal Loan in UAE
There are many banks and financial institutions in UAE that offer personal loans to their customers. However, it is important to choose a bank that offers the best products and services.
Choosing a personal loan in UAE is a great way to get extra cash for emergencies. You can use this extra money to pay for large expenses like travel, weddings or college tuition.
1. Emirates NBD
Emirates NBD is one of the best banks in the UAE, offering a wide range of financial solutions. It provides personal banking, private, johara, and business banking services to individuals, SMEs, and corporate clients. It also offers home, auto and personal finance; credit and debit cards; e-banking; safe deposit boxes; wealth management; trade finance; and treasury services.
The bank is based in Dubai, UAE and is one of the largest financial institutions in the Middle East. It is listed in the Dubai Financial Market (DFM).
Moreover, Emirates NBD has a presence across the world. Its customers include consumers, SMEs, businesses and institutional investors.
In addition to a range of credit card offerings, the bank also offers other products like mortgages, savings accounts and prepaid travel. It also offers a range of insurance products, including life insurance and accident protection.
The Emirates NBD credit card offers several exclusive benefits that are tailored to meet a variety of needs and lifestyles. They include a wide selection of flight discounts and travel deals, hotel stays and room upgrades, and discounts on dining, shopping and entertainment.
Additionally, many of the Emirates NBD credit cards come with features that provide additional convenience and security to their customers. These include no-touch payment, SMS alerts and 24/7 customer support.
To apply for an Emirates NBD credit card, applicants need to meet a few basic requirements. These include a minimum monthly salary, UAE residency and a good credit history.
The company also offers a wide range of rewards credit cards for consumers who wish to earn cash back and other incentives. Among them are Skywards cards and airport lounge access credit cards.
2. Dubai Islamic Bank
Dubai Islamic Bank is a leading Islamic bank in UAE and is committed to serving its customers with the best banking services. It offers a wide variety of products that are Sharia compliant. The bank also provides banking solutions for individuals, SMEs and corporate customers.
It offers a range of personal banking, private and business banking, wholesale banking, and treasury services. It offers current, savings and term deposits; credit cards; mortgages; and loans to consumers and businesses.
The bank’s personal banking offerings include accounts, card and loan products, e-banking, foreign exchange and supportive services. Its private banking division offers financial planning and investment management services to individuals and families.
Their banking services are designed to suit the needs of both local and international clients, with a focus on delivering the best possible outcomes. Its retail banking services are available at over 60 branches in the emirates of Dubai, Abu Dhabi, and Sharjah.
Dubai Islamic Bank Mobile Banking is a mobile banking service that allows you to conduct virtually all of your banking transactions from your phone. The bank’s service is easy to use and has a powerful suite of features that let you manage your account anywhere, anytime.
In addition to mobile banking, Dubai Islamic Bank also offers a number of other sharia-compliant products and services. These include sharia-compliant banking accounts, credit cards, safe deposit boxes and more.
Its personal finance offerings include a Xtra Saver Account and Saadiq Personal Finance, both of which offer high interest rates and free cheque books. Its remittance and cash management services include international transfers, cash and trade, and a free prepaid card. Lastly, it offers Islamic Brokerage to buy and sell sharia-compliant financial instruments.
3. Samba
Samba is a leading bank in the UAE, and they have an excellent reputation for providing high-quality banking services. They offer a variety of products and services for consumers, including personal loans. They also provide business financing solutions and credit cards. They have a large network of branches in the UAE and abroad.
The parent company of Samba, SNB (Saudi National Bank), has been considering "strategic options" in relation to its shareholding in the local lender, according to a stock notice on Tuesday. It doesn't clear whether SNB plans to sell its stake in the bank or acquire another lender.
Analysts have said the country's banking sector is in a consolidation phase, and that SNB is likely to take the divestment route. They also cited SNB's change of ownership in the past year as evidence that it is now more inclined to stay in the country.
In addition to its banking services, Samba also provides a number of social programs. They offer paid internship opportunities for students to help them build their career in a competitive industry. They also work to improve the environment and community.
They also offer personal loans to meet a wide range of financial needs, including weddings and higher education. These loans are easy to apply for and come with flexible repayment periods.
They also offer a wide range of banking products that run on sharia principles. They are a great option for those who want to get an Islamic loan in the UAE. They also have a wide network of branches and ATMs in the region. They also have an online e-savings account. These accounts are free to open, and they allow you to earn profits without a minimum balance requirement.
4. Deem Finance
Deem Finance, a leading financial institution in UAE, provides a wide range of services that meet the needs of its customers. It has a number of products including credit cards, personal loans, and investment tools. They also offer a free online EMI calculator to assist their customers with the process of evaluating their monthly instalments.
They are regulated by the UBF and have a Custom Charter that ensures they are compliant with regulatory rules in the UAE. This ensures their customers a hassle-free and convenient banking experience.
The bank offers a range of personal loan options for both expatriates and UAE nationals, with flexible repayment terms and competitive interest rates. They also offer Sharia-compliant options.
In addition to personal loan, they offer other financial services like mortgages and credit cards. They have a network of more than 560 ATMs across the UAE, offering their customers a quick and easy way to pay their bills.
Their personal loans are available for both residential and commercial purposes, with a minimum of six months and maximum of 48 months for expats. They also offer a 7-day loan return option.
One of their most popular products is the low salary personal loan, which can be used to cover various expenses like travel costs, wedding expenses, and medical emergencies. The loan amount is based on the applicant’s monthly income and debt-to-income ratio.
Its other products include personal cash loans, credit cards, and insurance services. The bank’s personal loan EMI calculator is a free tool that can help you evaluate the applicable instalment amounts before applying for a personal loan.
The best way to find the right personal loan for you is to compare several banks and their various offerings. Using the Deem finance personal loan EMI calculator, you can easily assess which plan will suit your financial situation and requirements the most.
5. RAK BANK
The National Bank of Ras Al Khaimah PSC, or RAK BANK , is one of the oldest and most dynamic banks in the UAE. It underwent a major makeover in 2001, shifting its focus from corporate banking to personal and small business finance. With a remodelled business strategy and new brand identity, it emerged as a noteworthy player, injecting innovative ideas and services into the banking industry.
The bank offers a wide range of services and products to its customers, including credit cards, mortgages and auto financing. It also provides money transfer services.
In order to obtain a personal loan from RAKBANK, applicants need to provide a number of documents and proofs. They must prove their identity, address and income, among other things.
These documents can be in the form of a UAE residence visa or passport copy, a salary certificate, bank statements and other such documentation. The bank is required to check the documents in order to ensure that they are genuine.
If you’re looking for a personal loan in the UAE that offers competitive rates of interest, you should consider taking advantage of RAKBANK’s salary transfer personal loan. This loan is available to UAE nationals and expatriates, with a minimum monthly salary requirement of AED 5,000.
With this loan, you can avail a flexible repayment tenure of up to four years. This makes it a good option for those who need to pay off their loan quickly.
The Titanium credit card from RAKBANK is a great option for those who are interested in getting a credit card that offers high cashback and rewards. It is also an excellent choice for those who want to enjoy world-class travel and lifestyle benefits. This credit card also comes with an app that allows you to access a range of exciting offers and features.
_1.jpeg)
0 Comments