top 5 best bank for loans in uae 2023

BANKS	SALARY REQUIRED	INTEREST RATE %	SALARY TRANSFER
FAB BANK LOAN	7000AED	2.18%	yes
CBD LOAN	8000AED	3.04%	YES
DIB BANK	3000AED	6 %	YES
MASHREQ LOAN	7000AED	3.57%	YES
NBD BANK LOAN	5000AED	2.62%	YES

FAB BANK

FEATURES

fab bank

• You have up to 90 days before your first repayment is due
• Our rates are highly competitive.
• You can borrow up to AED 2 million
  offer flexible repayment options
• Our documentation is hassle-free
  approvals are fast and easy.

Eligibility

• The minimum monthly salary for this position is AED 7,000.
• Applicants must be employed with a governmental or semi-governmental organization
• They must be at least 21 years old.
• Aapplicants must have completed a minimum of 6 months of service.

Required Documents

• A copy of your passport or resident visa
• A salary transfer letter or salary certificate addressed to FAB
•  A liability letter or a clearance letter (if you are taking out a buyout loan)
• A signed and completed application
   Bank statements for the last three months (if your salary is not credited to a FAB account)

 

 

fab bank

CBD BANK

Top Features

• Competitive interest rates
• Loans of up to AED 750,000 for expats.
• UP TO 2.5 UAE nationals.
• Flexible repayment period of up to 48 months.
• Current account with minimum balance requirement waived for UAE nationals.

Features and Benefits

• UAE nationals and residents can enjoy high loan amounts
• Competitive interest rates.
• The repayment period is flexible, up to 48 months,
• The minimum balance requirement for the current account is waived.
• Also top up your existing CBD loan.

Required Documents

• A loan agreement
• A national ID, valid passport, residence visa, or Emirates ID
•  An original 3-month bank statement for new customers
•  A salary transfer letter

 

 

dib bank

benefits

• AED 2 million for up to 48 months for expatriates.
• Applicable Profit Rate from 5.99% per annum to 21.99%.
• Simple Documentation.
• Quick Processing.
• Maximum tenure.

overview

• This financial bank offers debt settlement
• Expatriates To be eligible
• Applicants must have a salary transfer from their employer
• Sharia principles are used to determine
• Interest rate which is based on the applicant’s profile.

mashreq bank

features

• To qualify for this loan, you must have been employed for at least 6 months
• Be able to provide a salary transfer letter in Mashreq bank
• Only Expats can apply for this scheme.
• The loan is provided at an interest rate of 6.49%
• You can finance up to AED 1,000,000
• There is an early settlement fee of 1% of the finance amount
• An arrangement fee of 1% of the loan amount.

benefits

• Documentation for this loan is simple and easy.
• The salary requirement is low and the repayment period is long.
• Credit cards, cheque books, and debit cards are provided without charge
•  Applicants get finance for non-listed companies in the UAE.

 

nbd bank

benefits

• At Loan amounts up to AED 4 mn for UAE nationals and AED 2 for expats
• We have Zero processing & insurance fee (UAE nationals) and complimentary Life Insurance (CLI) fee (Expats
• In addition low interest rate and long repayment period
• provide a free debit card and bank account to all of our customers.

Features

• The repayment period for this loan is up to four years.
• The interest rate is 5.69%.
• You will need a minimum salary of AED 5000 to qualify
•  The reduction rate and the flat rate is 5.69% and 3.03%
• You can finance up to AED 2,000,000 with this loan.
• The early settlement fee is 1% of the finance amount
• The arrangement fee is 1% of the loan amount.