Can I apply for a personal loan with no work visa yet?

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khalid 63 Rep. elliemartin1 edited question

Can I apply for a personal loan with no work visa yet?

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Sultanat 2.11K Rep. Sultanat answered

I don’t think so. Visa is a number one requirement from all the banks.

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    mrtompaye 267 Rep. elliemartin1 edited answer

    Afraid not. If you’re taking out finance in the UAE – whether it’s a car loan, mortgage or credit card – you’ll need to submit your residency visa and Emirates ID. When you open your bank account and provide all of the documents, you might be eligible for a basic credit card straight away. But for a loan, you’ll probably have to submit three months’ worth of bank statements showing your salary going into your account as well as provide the documents mentioned above.

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