{"id":594,"date":"2020-06-22T14:23:51","date_gmt":"2020-06-22T10:23:51","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=594"},"modified":"2020-06-22T14:24:43","modified_gmt":"2020-06-22T10:24:43","slug":"5-low-interest-personal-loans-in-uae","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/5-low-interest-personal-loans-in-uae\/","title":{"rendered":"5 Low-Interest Personal Loans In UAE You Must Know About"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Several banks in UAE offer personal loans but what about their interest rate, well&#8230; we list out 5 such banks which offer <a href=\"https:\/\/moneymall.ae\/credit-blog\/a-beginners-guide-to-personal-loans-in-uae\/\"><strong>personal loans at a low-interest in UAE<\/strong><\/a>. Choose from the suggested options and compare them against one another to choose the one that works the best for your requirements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Personal loans are one of the most popular modes of financing in UAE. A personal loan, in basic terms, is an unsecured loan that does not require any guarantor or collateral to avail it<\/span><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\">It comes in handy when the borrower has personal needs that are urgent or immediate in nature. Even though <a href=\"https:\/\/moneymall.ae\/credit-blog\/personal-loan-vs-business-loan-in-uae\/\"><strong>personal loans<\/strong><\/a> are easily available in UAE, it is extremely important to opt for a lender that is trustworthy and offers you a great borrowing experience, because a loan can dwindle your everyday finances and mess-up your overall budgetary considerations at a go. <\/span><span style=\"font-weight: 400;\">Given below are the banks that offer the most attractive interest rates in UAE. They also have quite a low salary requirement offering other attractive features that can come in handy for a plethora of multipurpose usages. Explore them below&#8230;<\/span><\/p>\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-6a38a3c94fade\" 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-6a38a3c94fade\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-low-interest-personal-loans-in-uae\/#ADIB_Personal_Loan\" >ADIB Personal Loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/5-low-interest-personal-loans-in-uae\/#Emirates_Islamic_Bank_Personal_Loan\" >Emirates Islamic Bank Personal Loan<\/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\/5-low-interest-personal-loans-in-uae\/#FAB_Personal_Loan\" >FAB Personal Loan<\/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\/5-low-interest-personal-loans-in-uae\/#Emirates_NBD_Personal_Loan\" >Emirates NBD Personal Loan<\/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\/5-low-interest-personal-loans-in-uae\/#Citibank_Personal_Loan\" >Citibank Personal Loan<\/a><\/li><\/ul><\/nav><\/div>\n\n<p style=\"text-align: center;\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/personal-loan-vs-business-loan-in-uae\/\">Personal Loans VS Business Loans in UAE<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADIB_Personal_Loan\"><\/span><b>ADIB Personal Loan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">ADIB Personal Loan offers a flat interest rate of<strong> 3.72%<\/strong> <strong>for UAE Nationals<\/strong> and <strong>3.85% for Expatriates<\/strong>. Moreover, the minimum monthly salary required is only AED 8,000 for both UAE Nationals and Expats. If that is not enough to convince you, ADIB also offers quite a few additional features for its borrowers, some of which are as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Free pre-approved ADIB VISA Cashback Card<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">First instalment holiday period of up to 90 days<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Two free instalment postponements every year<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Emirates_Islamic_Bank_Personal_Loan\"><\/span><b>Emirates Islamic Bank Personal Loan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Emirates Islamic Bank offers personal loans at an interest rate that is as <strong>low as 3.99%<\/strong>. The bank asks for a <strong>minimum salary of AED 10000 per month<\/strong> while providing the following features:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Flexible and extended repayment periods of up to 4 years<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Simple and quick approval process<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">High finance amount of up to AED 4 million for UAE Nationals and AED 2 million for Expats<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/how-to-check-your-personal-loan-status\/\">How To Check Your Personal Loan Status In UAE?<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAB_Personal_Loan\"><\/span><b>FAB Personal Loan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The interest rates of <strong>FAB Personal Loans can go as low as 3.99%<\/strong>. It can even drop down to <strong>2.09%<\/strong> if the borrower is new to employment loans. In addition to a minimum salary requirement of <strong>AED 10,000<\/strong>, here are the other attractive features of this personal loan:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Simple documentation and fast-track approvals<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Comprehensive personal life insurance cover<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Flexible repayment terms<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Emirates_NBD_Personal_Loan\"><\/span><b>Emirates NBD Personal Loan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The salary transfer personal loans for Expatriates in Emirates NBD are offered at a<strong> flat rate of 2.9%<\/strong> and reducing <strong>rate of 5.49%<\/strong>. Yes, you read that right. The <strong>minimum salary requirement<\/strong> stands at <strong>AED 5,000<\/strong> only. Additional features include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Maximum loan amount extended up to AED 2 million for Expatriates<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Free bank account with no minimum balance requirement<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The maximum term of <strong>36 months<\/strong><\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/a-beginners-guide-to-personal-loans-in-uae\/\">A Beginner\u2019s Guide To Personal Loans in UAE<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Citibank_Personal_Loan\"><\/span><b>Citibank Personal Loan<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Citibank offers a salary transfer <a href=\"https:\/\/moneymall.ae\/credit-blog\/how-to-check-your-personal-loan-status\/\"><strong>personal loan<\/strong><\/a> at a flat interest rate of <strong>3.73%<\/strong>. If you are looking for a loan with no mandatory salary transfer, you can get one at reducing rates ranging from <strong>14% to 30%<\/strong>. <strong>AED 8,000<\/strong> is the minimum monthly salary requirement. Other features are as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Loan amounts of up to 20 times of your salary<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Monthly installments starting from as low as <strong>AED 220<\/strong><\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Tenors ranging from 6 months and going all the way up to 48 months<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This completes our list of the <a href=\"https:\/\/moneymall.ae\/\"><strong>best personal loans in UAE<\/strong><\/a> with low interests. Keep in mind that it is essential that you compare the interest rate of a particular bank with its processing fee as well as other features offered by the bank. Weigh them all together to come to a decision to opt for an apt personal loan as per your needs as well as budget.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several banks in UAE offer personal loans but what about their interest rate, well&#8230; we list out 5 such banks [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":596,"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":[9],"tags":[141,144,143,142,139,140,138,32,101],"class_list":["post-594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loans","tag-adib-personal-loan","tag-citibank-personal-loan","tag-emirates-nbd-personal-loan","tag-fab-personal-loan","tag-high-interest-personal-loans-in-uae","tag-islamic-bank-personal-loan","tag-low-interest-personal-loans","tag-personal-loans","tag-personal-loans-in-uae"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/594","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=594"}],"version-history":[{"count":3,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/594\/revisions"}],"predecessor-version":[{"id":646,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/594\/revisions\/646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/596"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}