{"id":1898,"date":"2020-11-28T12:30:59","date_gmt":"2020-11-28T08:30:59","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=1898"},"modified":"2020-11-28T12:33:25","modified_gmt":"2020-11-28T08:33:25","slug":"applying-for-personal-loan-in-uae","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/applying-for-personal-loan-in-uae\/","title":{"rendered":"The many ways of applying for personal loan in UAE"},"content":{"rendered":"<h1><span class=\"ez-toc-section\" id=\"In_todays_day_and_age_applying_for_personal_loan_in_UAE_has_never_been_easier\"><\/span><strong>In today\u2019s day and age, applying for personal loan in UAE has never been easier.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_1919\" aria-describedby=\"caption-attachment-1919\" style=\"width: 353px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/moneymall.ae\/credit-blog\/applying-for-personal-loan-in-uae\/personal-1\/\" rel=\"attachment wp-att-1919\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-1919\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/11\/personal-1.png\" alt=\"applying for a personal loan in uae\" width=\"353\" height=\"353\" \/><\/a><figcaption id=\"caption-attachment-1919\" class=\"wp-caption-text\">applying for a personal loan in uae<\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a261d87479dc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a261d87479dc\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/applying-for-personal-loan-in-uae\/#In_todays_day_and_age_applying_for_personal_loan_in_UAE_has_never_been_easier\" >In today\u2019s day and age, applying for personal loan in UAE has never been easier.<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/applying-for-personal-loan-in-uae\/#Why_should_you_opt_for_personal_loans_in_UAE\" >Why should you opt for personal loans in UAE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/applying-for-personal-loan-in-uae\/#How_to_apply_for_a_personal_loan_in_UAE\" >How to apply for a personal loan in UAE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/applying-for-personal-loan-in-uae\/#Online_Application_Through_the_online_portals_like_MoneyMall\" >Online Application: Through the online portals like MoneyMall<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/applying-for-personal-loan-in-uae\/#Offline_Application_Through_bank_branches_or_agents\" >Offline Application: Through bank branches or agents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/applying-for-personal-loan-in-uae\/#Things_to_keep_in_mind_before_applying_for_a_personal_loan_in_UAE\" >Things to keep in mind before applying for a personal loan in UAE<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p><span style=\"font-weight: 400;\">To make the process even simpler for you, we have curated this step by step guide on how to apply for a personal loan in UAE, along with tips and tricks that you should keep in mind. Continue reading\u2026<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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. But have you ever thought of applying for a personal loan and wondered about the procedures to get one? Given below are the various ways of applying for a personal loan in UAE. But before that, let us know why you should apply for a personal loan in UAE.<\/span><\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Why_should_you_opt_for_personal_loans_in_UAE\"><\/span><b>Why should you opt for <a href=\"https:\/\/moneymall.ae\/personal-loans-in-uae\/\">personal loans in UAE<\/a>?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Over the last year, UAE has witnessed an enormous surge in financial lending as a result of the numerous benefits of personal loans. Go through the advantages listed below to know why we recommend you to opt for personal loans in the UAE.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Personal loans are unsecured. You do not require collateral to obtain these loans.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you make regular payments for your pre-existing loans, you can enjoy the benefit of top-up loans. The borrowers can also enjoy low-interest rates, high loan amounts, and high tenures with top-up loans.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Some of the personal loan lenders in the market offer free credit cards and debit cards. In most cases, these cards are free for the first year as well.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The borrowers can also postpone their monthly installments for a personal loan in case of an emergency. They can do so for a fixed period in Dubai or any of the other Emirates.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Now that you know why you should apply for a personal loan in UAE, let us know the many ways of applying for a personal loan in UAE.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_apply_for_a_personal_loan_in_UAE\"><\/span><b>How to apply for a personal loan in UAE?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are two ways by which you can apply for a personal loan in UAE. You can apply for a personal loan in UAE either through bank branches or through the online portals. The step-by-step methods of both of the processes are:<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Online_Application_Through_the_online_portals_like_MoneyMall\"><\/span><b>Online Application: Through the online portals like <a href=\"https:\/\/moneymall.ae\/apply-now\/\">MoneyMall<\/a><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Online platforms are convenient and quick<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Online platforms can generally offer more generous personal loan rates in UAE<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You can use online portals to quickly compare online portals<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You are recommended to use the Personal Loan EMI Calculator<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Thus, this is the easiest way to find the lowest personal loan interest rate in UAE<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Offline_Application_Through_bank_branches_or_agents\"><\/span><b>Offline Application: Through bank branches or agents<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To apply directly through a bank branch, the steps are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Visit the branch of the bank of your choice<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fill in the application form for the personal loan<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Make sure that you take help from a bank representative to know more about the personal loan interest rate in UAE and other factors<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">So, you could apply for a personal loan either through the bank branch or via the online portal. Now all you have to do is choose the way that is the most convenient for you. But remember to keep the following tips in mind while you do so.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Things_to_keep_in_mind_before_applying_for_a_personal_loan_in_UAE\"><\/span><b>Things to keep in mind before applying for a personal loan in UAE<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you keep the following points in mind, you can avoid rejection of your application for a personal loan in the UAE<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Keep your employment history stable.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Maintain a good credit score.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Make sure that you make the payments on time.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do not miss an installment.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do not apply for a new loan before you clear the outstanding loans.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If proceeded with caution, personal loans can be the easiest way to go forward in UAE. They do not require any security for disbursal and are generally disbursed within a few weeks. They can, thus, be your best bet in times of several personal needs. We hope that this article helped you clear your doubts regarding personal loans.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today\u2019s day and age, applying for personal loan in UAE has never been easier. &nbsp; To make the process [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[3],"tags":[106,111,260,32],"class_list":["post-1898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-loans","tag-apply-for-a-personal-loan-in-uae","tag-personal-loan","tag-personal-loan-in-uae","tag-personal-loans"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=1898"}],"version-history":[{"count":5,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1898\/revisions"}],"predecessor-version":[{"id":1924,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1898\/revisions\/1924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/1918"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=1898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=1898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=1898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}