A personal loan is basically every average human’s requirement at some point-of-time and so personal loan requirements, it rules, and guidelines may vary from place-to-place and for person-to-person. Therefore, in this article, we shall let you

Know the Personal loan requirements, Eligibility criteria and documents needed in UAE.

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personal loan requirements

[toc] personal loan requirements

A personal loan is unsecured in nature and so you do not require any guarantor or collateral to avail it. Due to which personal loans are procured for various personal requirements, some of which may be weddings, trips, higher education or even starting a new business. If you have ever thought of availing a personal loan and wondered about the basic requirements and the procedure to get one, you are in the right place.


Before you proceed with your application for a personal loan, the first and foremost thing to do is to check the eligibility criteria of the bank. Only when you, as an applicant, meet all the eligibility criteria, you can move to the next step and apply for the loan. So, let us know what the eligibility criteria are that you will have to fulfil if you wish to get a personal loan in UAE.

What are the personal loan eligibility criteria in UAE?

The most commonly-asked requirements for personal loans in the UAE can be categorized as:

  • Age limit:

    The requirements for a personal loan in UAE usually include a minimum age of 21 years and a maximum of anywhere between 60-65 years at the time of loan maturity.

  • Employment history:

    To avail a personal loan, it is mandatory to be employed. For major banks, the requirement is to be employed under a UAE employer which is already there in their approved employer list, which is not the case with others. However, in either case, getting a personal loan without a company listing with a particular bank is difficult.

  • UAE residency or Citizenship:

    To apply for a personal loan in Dubai or any of the other Emirates of the UAE, the borrower must be a resident of the UAE.

  • Minimum salary per month:

    Applicants must also fulfil the requirement of a minimum salary to apply for a personal loan in the UAE. This criterion, however, changes from bank-to-bank and from lender-to-lender.

Once you meet the eligibility criteria required to avail a personal loan in UAE, you can go ahead and apply for the loan online. All you have to do is fill in your basic details in the online application form. After you have done this, the next step is to get all your documents ready and then submit them. To take your application ahead, you will have to submit the required documents along with the form. So, let us now know which are the documents that you will require in order to avail a personal loan for yourself in UAE.

What are the documents required for a personal loan in UAE?

To apply for a personal loan in Dubai or any of the other Emirates of the UAE, you would be required to submit the following documents:

  • ID Proof:

    It is mandatory for applicants to have valid ID proof, that is, a passport, visa, and an Emirates ID.

  • Residency Proof/ valid Resident visa:

    To avail a personal loan in the UAE, you will also be required to present valid proof that you are a resident of the UAE with a valid UAE resident visa.

  • Bank Statement:

    Lenders usually ask for a bank statement of the last 3-6 months to track your earning potential and regular salary income credit every month

  • Salary Certificate & Pay Slips:

    Personal Loan applicants have to provide a salary certificate mentioning gross and net salary.

  • Salary Transfer Letter:

    A salary transfer letter is optional in some cases and it is only required by personal loans that mandate salary transfers that also after getting loan approval.

So, these were the documents that you shall require in order to avail a personal loan in UAE. Make sure that you keep your documents ready while applying for your loan. Once you submit the required documents along with the application form, the loan provider will verify your loan application as well as the documents submitted. If your application gets successfully verified, your request for a loan shall be approved after which the loan will get sanctioned.


We hope that this article clarified all your doubts regarding the process of availing a personal loan in UAE.