Ruya Bank Personal Loan 2025 – Full Details, Features, Eligibility, Interest Rate & Charges
by iNewkhusi Admin
Table Of Content 👉
Introduction
Ruya Community Islamic Bank offers Shari’ah-compliant personal loans (also called Islamic finance or personal financing) to help individuals meet their needs without paying conventional interest. Whether you need funds for education, medical expenses, marriage, or travel, Ruya Bank’s personal loan helps you with easy repayment options and zero interest — only profit sharing as per Islamic rules.
Key Features:
✅ Shari’ah-compliant Islamic personal financing
✅ No interest (only profit-based system)
✅ Financing up to AED 150,000 (depends on eligibility)
✅ Flexible repayment tenure (6 to 48 months)
✅ Quick processing via mobile app
✅ No hidden charges
✅ Salary transfer not always required (subject to approval)
Required Documents:
✅ Emirates ID (original + copy)
✅ Valid Passport + Visa page (for expats)
✅ Salary Certificate (dated within last 30 days)
✅ 3 or 6 months bank statement
✅ Proof of income (if self-employed)
✅ Trade License (for business applicants)
Eligibility Criteria:
Must be 21 years or older
UAE Resident
Minimum monthly income: AED 3,500 or more
Valid UAE mobile number & email ID
Employed or self-employed with regular income
Profit Rate (Equivalent to Interest Rate):
Loan Amount
Tenure
Expected Profit Rate (p.a.)
AED 5,000 – AED 25,000
6–24 months
~ 6.99% – 9.99%
AED 25,000 – AED 100,000
12–48 months
~ 4.99% – 6.49%
AED 100,000+
12–48 months
~ 3.49% – 5.49%
Example – AED 5,000 Loan Calculation
Loan Amount
Tenure
Monthly Installment (approx.)
Total Payable
AED 5,000
12 months
AED 450 – 470
AED 5,400 – 5,640
AED 5,000
24 months
AED 240 – 260
AED 5,760 – 6,240
Fees and Charges (Up to 10 items):
Type of Charge
Amount (AED)
Processing Fee
1% of loan amount (Min AED 500)
Early Settlement Fee
1% of outstanding
Late Payment Penalty
AED 200
Loan Cancellation Fee
AED 100
Liability Letter
AED 50
Payment Deferment Fee
AED 100
Loan Rescheduling Fee
AED 250
Clearance Letter
AED 50
Post-dated Cheque Bounce
AED 200
Statement Copy (beyond 3 months)
AED 25 per page
Why Choose This Account:
🟢 Shari’ah-compliant finance, no interest involved
🟢 Transparent charges and profit rates
🟢 No salary transfer required (for eligible customers)
🟢 Fast approval with minimal paperwork
🟢 Ideal for emergencies or planned expenses
🟢 Flexible repayment up to 4 years
🟢 Available via the mobile app – no branch visits needed
🟢 Ruya is a trusted community bank licensed by the Central Bank of UAE
Final Verdict:
If you are looking for a simple, transparent, and Shari’ah-compliant personal loan in the UAE, Ruya Bank’s Personal Loan 2025 is a great choice. It is suitable for salaried employees and self-employed individuals with low income requirements and competitive profit rates. With no hidden costs, easy documentation, and mobile-first experience, Ruya ensures smooth and ethical financing.
With over 4 years of experience, our author is an expert in Dubai's banking, finance, loans, insurance, and credit card sectors. They hold advanced degrees in Commerce, Financial Studies, and Engineering, and have built a career mastering the financial landscape. Their deep knowledge of the Dubai market allows them to provide valuable insights to both individuals and businesses. Committed to delivering accurate and practical information, their goal is to help readers make informed financial decisions in Dubai's complex environment.
