Apply Personal Loan For AED 11000 Salary in UAE (Get Upto 500000 Loan) – Here’s How

You can easily get a personal loan in UAE for a salary of 11,000 dirhams. To avail this loan, your salary should be at least 5,000 dirhams. You can take this loan for up to 48 months, and the interest rates are very low.

This loan can be availed from any city of UAE like Dubai, Abu Dhabi, Sharjah, or Ras Al Khaimah. You can use this loan for any personal need, like home repair, marriage, education, or any other emergency. 

Many banks in the UAE, such as Emirates NBD, ADCB, and First Abu Dhabi Bank offer this loan. To take a loan, you will need some important documents like your identity card, passport, and bank statement.

In this article, you will learn how to get a personal loan in UAE for a salary of 11,000 dirhams. Through this information, you can fulfill your financial needs by taking right decisions.

Information About Personal Loan Against AED 11,000 Salary

If your salary is AED 11,000 per month and you want to avail a personal loan in UAE, you have many great options. 

Personal loans in UAE usually come in both secured and unsecured forms, giving you the flexibility to get the loan that best suits your needs. 

Schemes from different banks have different loan amounts and terms depending on salary and documentation. Following are some of the major personal loans available for salary of AED 11,000 in UAE: 

Personal Loan Comparison: AED 11,000 for Salary

Bank	Name of the Scheme	Fixed Rate	Loan Amount
Commercial Bank of Dubai	Quick Loan	Starting from 7.60%	Up to AED 150,000
Emirates Islamic Bank	Personal Finance for Expats	2.85%	Flexible
Emirates Islamic Bank	Personal Finance for UAE Citizens	2.59%	Flexible
Emirates NBD	Loan for Expats	0%	Flexible
Emirates NBD	Loan for UAE Citizens	0%	Flexible
Deem Finance	Personal Loan	0%	Up to 4 years
First Abu Dhabi Bank	Personal Loan for Expats	2.82%	Flexible
First Abu Dhabi Bank	Personal Loan for UAE Citizens	4.74%	Flexible
HSBC	Personal Loan	NA	Up to AED 500,000
Dubai Islamic Bank	Personal Loan	4.90%	Flexible
RAK Bank	Personal Loan	2.85%	Flexible
Abu Dhabi Islamic Bank	Personal Finance	NA	Flexible

Note: Stable details the best personal loan options available for a salary of AED 11,000.

How to apply for personal loan for salary of AED 11,000

If your salary is AED 11,000 and you are looking for a personal loan, you have a wide range of options available from various banks in UAE. 

Banks suitable for you include Emirates NBD, Deem Finance, Mashreq Bank, RAKBANK, FAB, HSBC, Citibank, CBD, and Emirates Islamic Bank. Each bank has different loan products and terms, so choose the most suitable bank for you. It is important to do.

Here are all the necessary steps to select the right bank and apply for the loan.

1. Select Bank: Select any of the following banks that offer personal loan against your salary:

• Emirates NBD: This bank offers loans with high loan amounts and flexible repayment options.
• Deem Finance: Provides loan facility without salary transfer.
• Mashreq Bank: Offers various loan options and top-up facilities.
• RAKBANK: Offers loans with easy processing and loan top-up option.
• FAB: Offers loans with higher loan amounts and life insurance coverage.
• HSBC: Offers loans with international banks that have flexible repayment options.
• Citibank: Offers loan option without salary transfer.
• CBD: Provides loans with a completely digital loan process.
• Emirates Islamic Bank: Offers loans under Islamic finance.

2. Gather Documents: Prepare the documents required by the selected bank. 

• Common documents for salaried people may include Emirates ID, bank account details, salary certificate, and passport.
• Self-employed individuals may also need to include a trade license.

3. Apply Online or Offline: Fill the online application form by visiting the bank’s website or apply offline by visiting the nearest branch. Note that some banks also do the entire process digitally.

4. Submit Documents: Submit all the required documents along with the application form to the bank. If you are applying online, scan and upload the documents.

5. Loan Processing: After reviewing your application and documents, the bank will check your credit history and other necessary criteria. During this time, the banks will give you information about the terms and conditions of the loan and its approval.

6. Loan Approval and Disbursement: If your application process is successful, the loan will be approved by the bank. The loan amount will be credited to your bank account, and you can follow the terms and installments associated with the loan.

By completing this process you can easily get a personal loan against a salary of AED 11,000.

Eligibility Criteria for Personal Loan for Salary of AED 11,000

Before applying for a personal loan, you must meet certain eligibility criteria. These criteria decide whether you can apply for a personal loan or not, and also impact the terms of your loan. 

For example, criteria such as age, income, nationality, employment status, and credit history affect the loan terms and availability. 

Individuals in the age range of 21 to 60-65 years can apply for the loan. The minimum salary requirement is decided by the bank, and the loan amount is decided according to your employment status. A good credit score can bring you better loan terms.

Parameters	Eligibility
Minimum Age	21 years
Maximum Lifespan	60-65 years
Minimum Salary	Determined by the Bank
Employment Type	Salaried and Self-Employed
Nationality	UAE citizens and foreign residents

Documents for Personal Loan for Salary of AED 11,000

If you want to avail a personal loan for AED 11,000 salary in UAE, you may require the following documents by the bank:

• 1. For salaried individuals:

• Valid Emirates ID
• Bank account statements of last 3-6 months
• Salary Transfer Certificate (if required by the bank)
• Salary certificate issued by your employer, which is in the name of the bank
• UAE Resident Visa with valid passport (for foreign residents only)

• 2. For self-employed persons:

• Valid Emirates ID
• Bank account statements of last 3-6 months
• Trade license
• loan application form
• UAE Resident Visa with valid passport (for foreign residents only)

Top options for personal loan against AED 11,000 salary in UAE

1. Commercial Bank of Dubai Offers loans at fixed rates starting from 7.60% with instant approval. This loan is approved very fast and transferred to your account instantly.

2. Emirates Islamic Bank Offers Islamic finance for expats and UAE citizens, including competitive rates and flexible payment options. This bank provides Islamic finance facilities for you.

3. Emirates NBD Offers the benefits of insurance and free bank accounts with zero fixed rates. In this you get insurance and a bank account without any extra charges.

4. deem finance Provides loan processing facility without salary transfer. You can get the loan even without transferring salary, making the process simple and quick.

5. First Abu Dhabi The bank offers life insurance coverage with salary transfer and non-salary transfer options. By taking a loan with this bank, you also get the facility of life insurance.

6. HSBC  Includes insurance with higher loan amount and flexible payment options. HSBC loans offer high loan amounts and flexible repayment options.

7. Dubai Islamic Bank Provides free bank account and check book with Islamic finance. In this you get free bank account and check book with the benefits of Islamic finance.

8. RAK Bank Offers benefits like credit cards and insurance with competitive rates. RAK Bank also offers facilities like credit card and insurance along with your loan.

9. Abu Dhabi Islamic Bank  Focuses on quick approval and flexible payment options. Loans from this bank are approved quickly and come with flexible payment options.

List of Banks for Personal Loan against AED 11,000 Salary

If your salary is AED 11,000, you can take a personal loan from various banks in UAE. In some of these banks, salary transfer is not required, while in other banks it may be mandatory. In the table given below, you can know which bank loan options are available to you and what are their conditions.

Loan Products	Salary Requirement	Flat Interest Rate	Salary Transfer Required
Emirates NBD Personal Loan	AED 5,000	Starting from 2.77% per annum	Not mandatory
Deem Finance Personal Loan	AED 5,000	NA	Not mandatory
Mashreq Bank Personal Loan	AED 7,000 (Expats), AED 10,000 (Nationals)	Starting from 3.43% per annum	Mandatory
RAKBANK Personal Loan	AED 5,000	Starting from 2.75% per annum	Mandatory
FAB Personal Loan	AED 7,000	Starting from 3.02% per annum	Mandatory for expats
HSBC Personal Loan	AED 10,000	NA	Mandatory
Citibank Personal Loan without Salary Transfer	AED 8,000	Starting from 7.70% per annum	Not mandatory
CBD Digi Personal Loan	AED 10,000	NA	Not mandatory
Emirates Islamic Personal Loan	AED 10,000	Starting from 2.25% per annum	Mandatory

1. Emirates NBD Bank Personal Loan

Emirates NBD Bank is a leading bank in UAE that offers personal loan against salary up to 11,000 AED. This loan is especially suitable for those looking for a larger loan amount as well as a flexible repayment tenure. The bank offers its customers a repayment period of up to 4 years, giving them the convenience to repay the loan installments as per their financial condition.

With this loan, customers also get a free debit card and bank account, making their banking needs even easier. Furthermore, the processing for Emirates NBD Personal Loan is quite simple and fast, with minimal documentation required. 

This loan option is also attractive for those looking to fund major expenses such as purchasing a home, education or marriage, as it offers a maximum loan amount of up to AED 4 million. Apart from this, the bank also offers the facility of deferring EMI twice a year, which can be helpful for customers in difficult times.

Benefits of Emirates NBD Bank Personal Loan

1. Flexible Repayment Tenure: Customers can repay their loan amount over a tenure of up to 4 years, giving them the flexibility to repay the installments as per their financial condition.
2. Free Debit Card and Bank Account: The bank also provides its customers with a free debit card and bank account when availing the loan, which caters to their daily banking needs.
3. Highest Loan Amount: The bank offers a maximum loan amount of up to AED 4 million, making it easy to meet larger expenses.
4. Fast and easy processing: Loan processing is fast and easy, with minimal documentation required, making the loan available quickly.
5. EMI deferral facility: The bank offers its customers EMI deferral facility twice a year, allowing them to arrange payments as per their financial needs.

2. Deem Finance Personal Loan

Deem Finance is a reputed financial institution in UAE that offers personal loan for salary up to 11,000 AED. This loan is especially suitable for those who want to avail the loan without salary transfer. 

The most special thing about Deem Finance Personal Loan is that the application process for it is completely online and very simple, with minimum documents required. The processing and approval of this loan is very fast, due to which customers get the loan amount quickly. 

Additionally, there are no application or processing fees for the Deem Finance Personal Loan, making this loan even more affordable. Customers can also avail a flexible repayment tenure of up to 4 years, which helps them repay the installments as per their needs.

Another major advantage of this loan is that salary transfer is not mandatory to avail it, making it suitable even for those who maintain their salary account in another bank.

Benefits of Deem Finance Personal Loan

1. No need for salary transfer: Salary transfer is not mandatory for this loan, making it suitable for those who do not want to change their salary account.
2. Simple and online application process: The loan application process is completely online and requires minimal documentation.
3. No application or processing fees: There are no application or processing fees for this loan, making it even more affordable.
4. Faster Approval and Disbursal: The loan approval and disbursement process is very fast, so customers can get the loan amount soon.
5. Flexible repayment period: Customers can avail a flexible repayment tenure of up to 4 years, allowing them to repay the installments as per their convenience.

3. Mashreq Bank Personal Loans

Mashreq Bank is a leading bank in UAE that offers personal loan against salary up to 11,000 AED. Personal loans from this bank are known for high loan amounts, flexible repayment tenure, and simple processing. 

Mashreq Bank Personal Loan is especially suitable for those who require a large loan amount and have a good credit score. This bank offers loan amount up to 3 million AED, allowing customers to get funds for their various needs such as marriage, education, home renovation, or any other personal expenses. 

The application process for this loan is very simple and quick, with minimal documentation required. Additionally, a special feature on this loan is that customers can also avail top-up on their existing loan, thereby better meeting their financial needs.  

Benefits of Mashreq Bank Personal Loan:

1. Higher loan amount: Mashreq Bank offers loan amounts up to AED 3 million, making it easy to meet large expenses.
2. Flexible repayment period: Customers can choose the repayment tenure up to 4 years as per their convenience, making it easy to pay the installments.
3. top-up facility: Top-up option is also available for existing loan customers to meet additional funding needs.
4. Fast and simple application process: The loan application process is simple and quick, with minimal documentation required.
5. EMI moratorium up to 90 days: Customers can defer their first EMI by up to 90 days, making it easier for them to repay the loan.

4. RAKBANK Personal Loan 

RAKBANK offers a reliable and flexible personal loan to meet individual financial needs in UAE. This loan is specially designed for those who need immediate funds to meet various expenses in their life such as home renovation, education, marriage, or any other emergency requirement.

RAKBANK Personal Loan has an easy and fast approval process with minimal documentation required. The most special thing about this loan is that the customer can repay the loan amount in a period of up to 4 years.

Apart from this, the bank also offers the option of top-up on the existing loan, which can provide additional financial assistance to the customers. The bank also gives you a free debit card and check book to repay the loan.

Additionally, with RAKBANK Personal Loan you get no annual fees from the bank and a credit card with a low interest rate.

Benefits of RAKBANK Personal Loan:

1. Fast and simple application process: The loan application process is fast, simple and with minimal documentation.
2. Flexible Repayment Tenure: Customers can repay the loan amount over a tenure of up to 4 years, allowing them to easily meet their financial plans.
3. Top-up facility: Top-up option on the existing loan after one year is also available, allowing customers to meet their additional financial requirements.
4. Loan Transfer Facility: The Bank also offers easy loan transfer facility, allowing customers to transfer their existing loans from other financial institutions to RAKBANK.
5. Free Debit Card and Check Book: Customers are also provided a free debit card and check book along with the loan.
6. Credit Card Facility: Along with the loan, customers also get a credit card from RAKBANK, which has no annual fee and benefits of low interest rates.

5. FAB Personal Loan

Personal Loan from First Abu Dhabi Bank (FAB) is an excellent option for those looking for a higher loan amount and flexible repayment options. This loan is designed for expats and UAE citizens working in the UAE.

Through FAB Personal Loan, customers can easily meet their financial requirements, be it home renovation, children’s education, or any other personal expense.

The biggest advantage of this loan is that it offers the highest loan amount, which can be up to AED 2 million for expats and AED 5 million for UAE citizens. Also, this loan comes with easy and fast documentation process, thereby ensuring no hassle for the customers. 

A grace period of 90 days for expats and 150 days for UAE citizens is also given, giving them ample time before repaying the first installment of the loan.

Additionally, FAB Personal Loan also comes with life insurance coverage, which provides an additional protection for customers.

Benefits of FAB Personal Loan:

1. Higher loan amount: Loan amounts up to AED 5 million are available for UAE citizens and AED 2 million for expats, which can meet the larger financial needs of customers.
2. Simple and fast document processing: The documentation process required for the loan is simple and fast, allowing customers to get the loan quickly.
3. grace period: There is a grace period of 90 days for expats and 150 days for UAE citizens, giving enough time to pay the first installment of the loan.
4. Life insurance coverage: Along with the loan, customers also get life insurance coverage, which provides additional protection for them and their family.
5. Salary transfer required: Salary transfer is mandatory for expats, making it easier for them to get a loan.

6. HSBC Bank Personal Loan

HSBC Bank Personal Loan is a great option for those who want to take a loan from an international bank. This loan comes with the highest loan amount, flexible repayment options, and attractive interest rates. HSBC Bank Personal Loan offers customers a convenient and reliable option to meet their personal financial needs. 

The biggest feature of this loan is that it allows you to repay the loan in a tenure ranging from 6 months to 48 months. Additionally, HSBC Bank also offers existing customers the option to top up their personal loan, allowing them to access additional funds as and when needed.

By applying online, in-principal approval is received in just 10 minutes, making it a very fast and convenient process. 

Benefits of HSBC Bank Personal Loan:

1. Flexible Repayment Options: Customers can avail flexible repayment options between 6 to 48 months, making it easier to repay the loan.
2. Low Interest Rates: This personal loan starts at a low interest rate of 6.99% per annum, making it an affordable option.
3. Top-up option: Existing customers can top-up their personal loan for additional funds.
4. Faster Approval: By applying online, in principal approval is received in just 10 minutes, saving time.
5. Highest Loan Amount: Through HSBC Bank Personal Loan, customers can avail a loan amount up to AED 500,000.
6. Credit life insurance not mandatory: Credit life insurance is not mandatory for this loan, which does not put any additional burden on the customers.

7. Citibank Personal Loan without Salary Transfer

Citibank Personal Loan is a great option for those who want to take a loan without salary transfer. This loan is specially designed for those who do not want to transfer their salary to any other bank but still need a loan.

Citibank Personal Loan provides customers with a convenient and easy solution to meet their financial needs. Moreover, the application process for this loan is very simple and completely digital, thereby saving time.

Benefits of Citibank Personal Loan:

1. Without salary transfer: This loan does not require salary transfer, so you can take the loan without transferring your salary to another bank.
2. Highest Loan Amount: Customers can avail a loan up to AED 175,000 without salary transfer or a loan amount up to 8 times their salary.
3. Digital Application Process: The loan application process is completely digital, allowing it to be completed from anywhere and at any time.
4. Flexible Repayment Options: With this personal loan, you can easily pay the monthly installments.
5. Top-up option: Customers can top-up their loan after 9 months, allowing them to avail additional funds.
6. Attractive Bonus: Along with this loan, Citibank also offers customers Noon Vouchers worth AED 1,000, which makes it even more attractive.

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8. CBD Digi Personal Loan

CBD Digi Personal Loan is a completely digital personal loan, which provides an easy and convenient process for customers without paperwork. This loan is especially suitable for those who want to meet their financial needs without any hassle. 

The application and processing for this loan is completely digital, making the process very fast and simple. Additionally, this loan does not require any minimum salary transfer, which makes it even more attractive.

Benefits of CBD Digi Personal Loan:

1. full digital process: This personal loan is completely digital, in which you do not need to do any paperwork. Using only your Emirates ID, you can apply for a loan.
2. Competitive interest rates: This loan comes with a declining interest rate starting at 15.99% per annum, making it an affordable option.
3. highest loan amount: Customers can avail an amount up to AED 150,000 under this loan, which can be enough to meet their financial needs.
4. No minimum salary transfer required: There is no minimum salary transfer requirement for this loan, making it ideal for those who do not want to transfer their salary.
5. Top-up option:For existing CBD Personal Loan customers, the bank also offers the option of top-up, allowing them to avail additional funds.

9. Emirates Islamic Bank Personal Loan

Personal Loan from Emirates Islamic Bank is an ideal option for those who want to avail loan under Shariah compliant Islamic financing. 

This loan is available not only to UAE citizens but also to expats, and it helps in meeting all their personal financial needs.

With this loan, customers can avail of larger loan amount and flexible repayment tenure. Moreover, the processing of this loan is quite easy and quick, giving customers instant approval.

Benefits of Emirates Islamic Bank Personal Loan:

1. highest loan amount: The bank offers loan amounts up to AED 2 million for expats and AED 4 million for UAE citizens.
2. flexible repayment period: Customers get the option to repay their loan over a tenure of up to 48 months, which is flexible as per their convenience.
3. quick approval: The loan application process is extremely simple, requires minimal documentation, and results in instant approval.
4. Only one month salary transfer: The loan requires only one month’s salary transfer, making the process more convenient.
5. attractive profit rates: It is fully Shariah-compliant as per Shariah principles and the bank offers attractive profit rates on it.

FAQS: Personal Loan Against A Salary Of AED 11,000

Conclusion

If your salary is AED 11,000 and you are thinking of taking a personal loan in UAE, many banks offer you various loan options. These banks include Emirates NBD, Deem Finance, Mashreq Bank, RAKBANK, FAB, HSBC, Citibank, CBD, and Emirates Islamic Bank.

The terms and interest rates of these loans vary, so it is important to compare the terms and features of all banks before choosing the option that best suits you.

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