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Compare Personal Loans
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Compare Personal Loans

WE COMPARE 70+ PERSONAL LOANS

There are many reasons for taking out a personal loan in the UAE, which usually revolve around making a large purchase. When you take a loan from a bank you will then repay this to the bank in monthly installments over a set period of time with interest. Rates on loans may vary, which is why yallacompare do the hard work for you. We compare the rates of different lenders in the market. Simply take a look at the criteria below and find the loan that works for you.

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Feature Reset
Balance Transfer
Islamic Finance
No Salary Transfer
Salary Transfer
Sharia Compliant
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Abu Dhabi Commercial Bank
Abu Dhabi Islamic Bank
Ajman Bank
Al Hilal Bank
Al Wifaq
Arab Bank
CBD Attijari Al Islami
Citibank
Commercial Bank International
Commercial Bank of Dubai
Dubai Islamic Bank
Emirates Islamic
Emirates NBD
Finance House
First Abu Dhabi Bank
HSBC
Mawarid Finance
National Bank of Fujairah
National Bank of Fujairah Islamic
Noor Bank
Samba
Sharjah Islamic Bank
Standard Chartered Bank
United Arab Bank
simplylife from ADCB
Monthly Payment Calculator
*Calculations are based on flat rates

Emirates Islamic - Personal Finance for UAE Nationals

AED 10,000
Minimum Salary
AED 2,195
Monthly Payment
2.59%
Flat Rate
Yes
Salary Transfer

Features:

Islamic Finance, Sharia Compliant

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Emirates Islamic - Personal Finance For Expats

AED 10,000
Minimum Salary
AED 2,207
Monthly Payment
2.85%
Flat Rate
Yes
Salary Transfer

Features:

Islamic Finance, Salary Transfer

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ADIB - Personal Finance for Expats

AED 8,000
Minimum Salary
AED 2,251
Monthly Payment
3.85%
Flat Rate
Yes
Salary Transfer

Features:

Islamic Finance, Salary Transfer

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Al Wifaq Personal Finance

AED 5,000
Minimum Salary
AED 2,200
Monthly Payment
2.7%
Flat Rate
No
Salary Transfer

Features:

Islamic Finance, No Salary Transfer

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CBD Absher Personal Finance

AED 8,000
Minimum Salary
AED 2,189
Monthly Payment
2.45%
Flat Rate
Yes
Salary Transfer

Features:

Islamic Finance

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NBF Personal Finance

AED 5,000
Minimum Salary
AED 2,240
Monthly Payment
3.6%
Flat Rate
Yes
Salary Transfer

Features:

Islamic Finance

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Emirates NBD - Self Employed Personal Loan for Professionals

AED 20,000
Minimum Salary
AED 2,537
Monthly Payment
10.01%
Flat Rate
No
Salary Transfer

Features:

No Salary Transfer

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United Arab Bank - Personal Loans for UAE Nationals

AED 7,500
Minimum Salary
AED 2,214
Monthly Payment
3.02%
Flat Rate
Yes
Salary Transfer

Features:

Islamic Finance, Salary Transfer

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Commercial Bank of Dubai - Personal Loan

AED 8,000
Minimum Salary
AED 2,220
Monthly Payment
3.14%
Flat Rate
Yes
Salary Transfer

Features:

Balance Transfer

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Simplylife - Salary Transfer Loans

AED 5,000
Minimum Salary
AED 2,274
Monthly Payment
4.36%
Flat Rate
Yes
Salary Transfer

Features:

Salary Transfer

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Got a question?
Some loan providers may provide insurance cover on your loan. If not, we advise that you take out your own insurance to cover you in the event of being unable to repay your loan due to loss of job, illness or death.
If you wish to extend your personal loan, contact your loan provider. They may be happy to extend your current loan or you may be able to refinance which means you buy out your loan by another bank.
Rates on personal loans can be calculated in two ways - as a reducing rate or as a flat rate. With a flat rate, the rate is calculated on the entire principal amount of a loan (the full, original amount borrowed) whereas with a reducing interest rate, interest is charged only on the outstanding amount of the loan on a periodic basis. Flat interest rates are normally lower than the reducing balance rate and therefore considered misleading. When it comes to comparing loans, the best way to compare their true cost is to convert everything into the Reducing Interest Rate equivalent (click here for more information)
Compare, compare, compare! Use our smart comparison tools to choose the best personal loan for you.
Yes, certain banks do allow you to transfer an existing loan to another provider that charges a lower rate of interest.
This will depend on your chosen loan provider but in most cases, you will need to show:
  • Salary Transfer Certificate
  • Copy of valid passport
  • Proof of UAE residency status
  • Three months of bank statements that reflect regular salary credits
  • Amount required – UAE banks have a maximum loan amount they will provide you so decide how much you want to borrow and then compare those banks whose maximum loan amounts exceed this. There is a maximum loan amount determined by whether you are a UAE national or an expat
  • Minimum salary requirement – UAE banks normally impose a minimum salary required to take out a personal loan so select a provider from those whose minimum salary requirement is less or the same as your salary
  • Interest rates – do flat or reducing interest rates apply? See below for details of how these differ
  • Fees – consider all fees applicable such as arrangement fees and early settlement fees
  • Other benefits – does the bank provide options for a payment holiday
This relates to the fee applicable if you decide to pay off your loan early. If, for example, you take a personal loan for three years but expect to be in a position to pay if off before then, any early settlement fee becomes an important factor in choosing your loan provider. The UAE Central Bank caps the early repayment fee at 1% of the outstanding loan amount.
You can use a personal loan for any number of reasons. They are often taken out to cover the costs of travel, a marriage or home improvements. As the name suggests, a personal loan can be used for any personal purpose.