Personal Loan In UAE For All types of Salaries 2024

Personal loans in the UAE are primarily sought by individuals earning a salary of 3000 AED, typically medium-level employees of companies. In this post, we will explain the process of applying for a personal loan in the UAE with a 3000 AED salary package. Additionally, individuals earning 3500 AED or above can also apply for a loan, as mentioned in this article. People at all salary levels can apply for loans in the UAE. Please read the full article for more information.

This means you can apply for a loan in the UAE without facing any troubles or needing a No Objection Certificate (NOC) from your company. The application process is a few steps based, and we will show you how to apply for a loan in the UAE.

Many people come to the UAE for future earning opportunities, seeking to secure their future comfort. The UAE is a stable and trending country known for its best holidays and shopping events. Every year, millions of visitors come to the UAE for tourism or shopping purposes. Moreover, a huge number of residents are based on labor and employee status, coming to Dubai for job or earning purposes.

Therefore, we are sharing details about loans in the UAE, which can help you secure a higher amount for your personal needs. It is important to read this article fully and not skip any guidelines. Failure to follow any step in the article may result in your loan being rejected. Another important point to remember is that you can only apply for one loan at a time. If you try to apply for 2 or 3 loans simultaneously, your application will be rejected. You can also may like to read about Need urgent cash loan today uae.

Personal loan in UAE 1500 salary Payby

Personal loans in the UAE are also available to individuals earning a salary of 1500 AED, who are typically lower-level employees in the country. Many of these individuals work as delivery persons in private companies or as computer operators. All such individuals with a 1500 AED salary in the UAE are eligible to apply for this loan. However, loan providers have specific requirements that must be fulfilled to apply for the loan, which are mentioned below.

Payby Loan Limit and Interest Rate:

Payby loan is an excellent loan option in the UAE, offering a low level of interest rate for those who use this service. Here are the details related to this loan:

  • Loan amounts range from 1500 to 5000 AED.
  • The loan repayment period is 3 months, meaning you must repay your loan within 3 months.
  • The loan interest rate is 10%.

Payby Loan Requirements:

Payby loan requirements are not highly stringent; you only need to fulfill a few basic requirements, which are as follows:

  • You must have an account with the Payby application. To create an account, you must have a valid Emirates ID and passport; expired Emirates IDs and passports are not accepted.
  • Your salary must be above 1000 AED. Those with a salary below 1000 AED cannot apply for this loan.
  • There should be no pending loan amounts on your Emirates ID. This means you should not have any outstanding loans from any other bank. If you do have an outstanding loan from another bank, ensure that your payments are up to date.

How to Receive a Personal Loan in the UAE with a 1500 AED Salary by Payby:

Ensure you have an account with the Payby application. After that, simply log in to your Payby mobile application and follow the available steps.

In the available image guidelines, you can clearly understand all the steps shown in the image. In the first step, you need to open the Payby mobile application. After opening the Payby mobile app, you will see the main dashboard of the application.

On the main dashboard, various options are available. Click on the “Cash Now” button, which you can find in the second row of options. After clicking on the “Cash Now” button, a new page will open where your loan amount will be displayed. If you are a new borrower, the amount will be 1500 AED. Over time, this amount can increase to 5000 AED. Simply select the 1500 AED option and click on the “Take Money” option.

Next, you will need to provide some minor details such as your salary, address, and other information. Enter all the information as per the app’s requirements and then click on the “Next” button. On the next page of the application, you will need to provide your reference details and your personal details. Enter all the details and then click on the “Next” button.

On the following page, enter the IBAN number of the bank account where you want to receive the loan amount. Make sure you enter the correct account holder name as per your account title. Then, click on the “Next” button. Within 2 to 4 days, your loan amount will be credited to your given account.

Personal Loan in UAE 3000 Salary into the NBD Bank Emirates

Emirates NBD Bank is a well-reputed bank in the UAE and is known for its excellent services. You can easily locate its branches across the UAE. The bank provides various types of bank accounts and other related services to residents of the UAE. Similarly, it also offers loan facilities to residents of the UAE. In this post, we will explain the complete process of applying for a loan with Emirates NBD Bank for those with a salary of 3000 AED.

Requirements for Applying for a Loan with Emirates NBD Bank in the UAE:

This loan has minimal requirements compared to other loans. You only need to follow a few available requirements, which are mentioned below:

  1. The first and most important requirement for this loan is a salary of at least 3000 AED in the UAE.
  2. This loan is available to both types of employees, meaning employees of listed companies and non-listed companies can avail of this loan.
  3. Make sure you have a current or savings account with Emirates NBD Bank.

Requirements for Non-Account Holders with Emirates NBD Bank:

If you are not a current account holder with Emirates NBD Bank, you can still apply for this loan by following these requirements:

  1. Ensure your Emirates ID is not expired or damaged.
  2. Provide a copy of your passport, ensuring it is not expired.
  3. Submit a salary proof showing your 3000 AED salary. You can submit a bank statement or a salary slip for this verification.

Interest Rate, Loan Limit, and Calculation:

This loan is ideal for those who need a larger amount urgently. The loan limit is up to 100,000 AED, which is a significant amount for any middle-class person in the UAE.

However, the interest rate depends on the amount you borrow. If you borrow a higher amount, the interest rate may be higher.

How to Apply Personal Loan in UAE 3000 Salary in Emirates NBD Bank.

You can apply for this loan by following these guidelines. Please read all the available guidelines and follow the steps below to easily receive the loan from Emirates NBD Bank in the UAE:

  1. Open Google Search Engine: Open the Google search engine on your device.
  2. Search for Emirates NBD: Search for “Emirates NBD” in the search bar.
  3. Visit Official Website: Click on the first available search result, which should be the official website portal of Emirates NBD. You can also visit the official portal directly using this link: Emirates NBD Official Website.
  4. Navigate to Loan Section: Once on the official website portal of Emirates NBD, go to the loan options in the menu bar.
  5. Select Overdraft Loan: In the loan options, a dropdown list will appear. Click on the Overdraft loan option.

By following these steps, you can apply for the loan from Emirates NBD Bank in the UAE.

personal loan in uae 3000 salary step 1

In the available screenshot, you can easily understand the first two steps. After clicking on the overdraft loan option, you will be taken to the main page of the overdraft loan applying page. Here, you need to click on the “Apply” button option.

A new page will open where you have to provide a few details about yourself. These are basic details. First, enter your name, then your email address, your phone number, and your monthly salary. Enter all these details and then click on the “Finish Application” button. Within a few working days, you will receive further information related to your loan from the bank. This means your loan is approved, and you can withdraw your funds.

Personal Loan In UAE 5000 Salary Rak Bank

RAK Bank Personal Loan is also popular in the UAE, with many residents taking out loans from this bank. RAK Bank offers different types of loans that can help with future investments or current investment plans. Whether you want to start a small business, buy a vehicle, or make other purchases in the UAE but don’t have the full payment, you can take a loan from this bank. The policies and requirements for loans at RAK Bank are simple and similar to those of other banks. You can find all the details about this loan in this article.

Requirements for a Loan from RAK Bank:

Every bank that provides loans has specific requirements that you must fulfill. If you do not meet these requirements, you cannot avail the loan. However, these requirements are simple and can be fulfilled by anyone in the UAE. Here are the details about these requirements:

  1. You must have valid documents to prove your residency in the UAE, such as an Emirates ID or passport.
  2. You must be at least 21 years old. Residents of the UAE who are 18 years old or below cannot apply for this loan.
  3. Salary transfer is not required for this loan.
  4. You must show proof of funds transfer into your account. This proves that you receive funds on a monthly basis to repay the loan.
  5. Your salary must be at least 5000 AED before applying for this loan.
  6. Your credit score must be 540 or above for residents of the UAE belonging to other countries, and 630 or above for UAE nationals.

Interest Rate and Loan Amount Limit:

RAK Bank UAE provides a higher loan amount to residents of the UAE. You can receive a substantial loan amount from this bank. The loan limit is different for UAE nationals and residents from other countries, as mentioned below:

  • UAE nationals can receive a loan amount of up to 500,000 AED. This means you can apply for a loan of up to 500,000 AED. You only need to prove that your monthly funds are greater than this loan amount or the monthly installment amount.
  • Residents from other countries can apply for a loan of up to 200,000 AED. This is also a substantial loan amount for employees in the UAE.

The interest rate for the loan is 14.99% per year. You can select an installment plan of up to 48 months.



Personal Loan In UAE 5000 Salary Rak Bank

You can apply for a RAK Bank loan calculator with these available guidelines, which are simple and straightforward. Just follow these steps. If you encounter any problems while applying for this loan, you can contact us, and we will help you resolve your issue as soon as possible. Moreover, you can complete this process through the online website portal of RAK Bank.

  1. Visit RAK Bank Website: Open the RAK Bank website portal. You can do this by searching for “RAK Bank loan” on the Google search engine and clicking on the first available search result. Alternatively, you can use this direct link: RAK Bank Loan.
  2. Home Screen: After clicking on the provided link, you will see a home screen similar to the one shown in the image guidelines below
Personal Loan In UAE 5000 Salary RAK BANK.webp

You can view the screenshot of the RAK Bank loan application page. Here, you only need to provide a few details: your name, email address, mobile number, and salary. These details are common and basic. Simply enter these details and then click the Submit button. Within a few working days, a bank officer will contact you to further guide you about the loan.

You cannot copy content of this page