NBD BANK
Borrow up to AED 20 Million or 84 salary multiples (whichever is lower)
Borrow up to AED 20 Million or 84 salary multiples (whichever is lower)
Minimum salary 15000AED
eligibility
| FOR SALARIED INDIVIDUALS |
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Need to see your last six-month bank statement |
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Proof of previous employment status |
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latest pay slips (if there is a salary variance of more than 10% |
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Additionally need a latest salary certificate addressed to Emirates NBD. |
| FOR SELF EMPLOYED |
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You'll need to provide audited financials for the last 2 years |
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Last 6-month bank statement required |
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Memorandum of Association (MOA) will also need to be included amendments |
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A copy of your Trade License |
| IDENTIFICATION DOCUMENTS |
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An Original Emirates ID and copy are required |
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Need Passport copy with resident visa page |
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(old passport copy if visa is stamped on an old passport are required
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ADIB BANK
AED 1 Million for expatriates
Flexible repayment terms Up to 48 months
ELIGILIBILTY
| Documents you'll need |
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you will need Original and copy of valid Emirates ID |
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Original and copy of valid passport are necessary |
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There are required 3 months bank statement (if salary not credited to ADIB) |
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Latest salary transfer letter with Salary certificate are required to ADIB bank |
| Important Information |
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Salary transfer is required for home loan |
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Minimum salary is AED 8,000 not less |
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An employees of approved list of employers in ADIB |
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Minimum age at time of application must be 21 years |
RAK BANK
UP TO 48 MONTH EXPATRIATES
LOAN PROCESSING FEE 1%
| Advantages |
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Low minimum salary requirement for this loan |
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A Free debit card & cheque book |
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A Free credit card on 0 annual fees are available |
| LIMITATIONS |
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Installment deferrals not be given if salary credit less then 75% |
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Not more then 2 installment deferrals allowed in a years |
overview
- RAK bank provides finance at a low salary
- You may be able to top-up your existing loan to the original loan after one year of the loan
- Can defer one year’s installment for free by paying installments regularly for six months
- A free cheque book and debit card are provided
- You may be able to get a RAK bank credit card with no annual fees
- Life insurance is available at nominal charges
- You may be able to avail of debt consolidation facilities.