How much personal loan can be taken in UAE for an employee with salary of 2000 to 5000 dirhams and from which banks this loan can be taken. Here you will be given detailed information. Here you will also know how you can get a personal loan based on your salary.
Whether you are working in a listed or non-listed company, it is important to know how much loan you can be eligible for as per your salary.
For example, if your salary is 3000 Dirham, 3500 Dirham or 4000 Dirham, how much personal loan can you get, and if your salary is 5000 Dirham and you are working in a non-listed company, then how much amount can you get? You can get a loan up to Rs.
Here you will also get to know about the documents required for the loan, eligibility criteria, and information about which banks offer you loan.
Many UAE banks offer loans up to 20 times your salary and a maximum loan of up to Dh10 million can be availed, which can be repaid in 90 days without any interest and hidden charges. In this post, we will give you a holistic view of all this information, so that you can understand your personal loan plan better.
Uae Salary Calculator
How you can get a personal loan based on your salary
Your salary plays an important role in availing a personal loan in UAE. Your monthly salary is a major factor for personal loan eligibility by banks and financial institutions. Let us know how you can get a personal loan based on your salary:
1. Minimum salary conditions
Every bank and financial institution has its own minimum salary requirements. Generally, the minimum salary conditions for personal loan are as follows:
2000-3000 AED Salary: Some selected banks and financial institutions like Dubai Islamic Bank and Rakbank offer loans against this salary.
4000-5000 AED Salary: Most banks offer personal loans at this salary, such as Emirates NBD, ADCB, and Mashreq Bank.
2. Loan amount
To know the loan amount you can be eligible for based on your salary, banks have a general policy of offering loans up to 20 times your monthly salary. For example:
4000 AED Salary: Maximum loan up to 80,000 AED
5000 AED Salary: Maximum loan up to 100,000 AED
Personal Loan in UAE for 2000 Salary
Many banks in UAE offer personal loans up to 20 times your salary. For example, if your salary is 2000 dirhams, the maximum loan you can get is up to 40,000 dirhams (2000 AED x 20 = 40,000 AED). However, most banks have a minimum salary requirement of 5000 dirhams, which may make it difficult to get a loan on a 2000 dirham salary. The loan amount will depend on your credit score, bank policies, and financial situation, so it is important to read the terms before applying.
Personal Loan in UAE for 3000 Salary
To avail a personal loan in UAE, many banks offer loans up to 20 times your salary. For example, if your salary is 3000 dirhams, the maximum personal loan you can get is up to 60,000 dirhams (3000 AED x 20 = 60,000 AED). However, most banks have a minimum salary requirement of 5000 dirhams, which may make it difficult to get a loan on a 3000 dirham salary.
To avail a personal loan against a salary of 3,000 dirhams within UAE, the following documents will be required which are as follows:
1. Completed and signed personal loan application form
2. Valid Emirates ID
3. Valid passport
4. Valid Residence Visa
5. Original and valid salary transfer certificate
6. Bank statements of last 3 or 6 months
7. Salary slip (if you are in job)
8. Valid and original trade license (if you are self-employed)
These banks can be used to get a personal loan on a salary of 3,000 dirhams. However, to get a loan from these banks, your monthly salary must be 5000 dirhams. From that bank, you can easily get a loan within UAE with minimum documents. The list of those you will be able to take is as follows:
| Bank | Minimum Salary (AED) | Loan Amount | Interest Rate |
|---|---|---|---|
| Emirates NBD | 5000 | Up to 20 times your salary | Starting from 3.99% |
| Abu Dhabi Commercial Bank (ADCB) | 5000 | Up to 60000 AED | Starting from 4.49% |
| First Abu Dhabi Bank (FAB) | 7000 | Up to 20 times your salary | Starting from 2.82% |
| Dubai Islamic Bank (DIB) | 7000 | Up to 30000 AED | Starting from 4.90% |
| Mashreq Bank | 5000 | Up to 20 times your salary | Starting from 3.45% |
Example:
Suppose your salary is 3000 dirhams and you want to take a loan from Emirates NBD Bank, then the bank can provide a loan up to 20 times your salary, i.e. 3000 x 20 = 60,000 dirhams. But note that most banks have a minimum salary requirement of 5000 dirhams, so it may be difficult to get a loan on a 3000 dirham salary.
Personal Loan in Dubai for 3000 Salary
Many banks are very popular for taking personal loans in Dubai. You can apply for loan online from other banks like Emirates NBD, Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), Dubai Islamic Bank (DIB), Mashreq Bank etc. To apply for the loan, if If your salary is 3000 dirhams, then you can get a personal loan up to a maximum of 60,000 dirhams (3000 AED x 20 = 60,000 AED). However, most banks have a minimum salary requirement of 5000 dirhams, which may make it difficult to get a loan for a 3000 dirham salary
Personal loans are usually available without any collateral and can be used for education, marriage, or emergency expenses. To avail a personal loan in Dubai, you need to submit some required documents such as valid Emirates ID, passport, residence visa, salary transfer certificate and bank statement.
Some banks like Emirates NBD, Deem Finance, and First Abu Dhabi Bank offer loan schemes with different interest rates and features, which can suit your financial needs.
personal loan in uae 3500 salary
In UAE, if your salary is 3500 dirhams, you can get personal loan from many banks. Generally, banks provide loans up to 20 times your salary. For example, if your salary is 3500 dirhams, the maximum personal loan you can get is up to 70,000 dirhams (3500 AED x 20 = 70,000 AED).
You can use this loan to finance education, marriage, medical emergency, home renovation, or to meet any personal expense.
Here are the names of 8 banks in UAE that offer personal loans:
| Bank | Minimum Salary (AED) | Loan Amount | Interest Rate |
|---|---|---|---|
| Emirates NBD | 5000 | Up to 20 times your salary | Starting from 3.99% |
| Abu Dhabi Commercial Bank (ADCB) | 5000 | Up to 60000 AED | Starting from 4.49% |
| First Abu Dhabi Bank (FAB) | 7000 | Up to 20 times your salary | Starting from 2.82% |
| Dubai Islamic Bank (DIB) | 7000 | Up to 30000 AED | Starting from 4.90% |
| Mashreq Bank | 5000 | Up to 20 times your salary | Starting from 3.45% |
| RAKBANK | 5000 | Up to 20000 AED | Starting from 3.75% |
| Emirates Islamic Bank | 6000 | Up to 20 times your salary | Starting from 3.99% |
| Abu Dhabi Islamic Bank (ADIB) | 8000 | Up to 30000 AED | Starting from 4.29% |
Thus, if your salary is 3500 dirhams, you can avail personal loans from various banks, which can be helpful in meeting your financial needs.
personal loan in uae 3500 salary for non listed company
If your salary is 3500 dirhams and you work in a non-listed company, you may face some challenges in getting a personal loan in UAE. For employees of non-listed companies, the minimum salary requirements may be higher in most banks and interest rates may also be slightly higher.
For example:
Suppose your salary is 3500 dirhams. Most banks can provide loans up to 15 to 20 times your salary. This means that you can get a maximum loan of 52,500 to 70,000 dirhams.
personal loan in uae 4000 salary
In UAE, if your salary is 4000 dirhams, you can get a personal loan. Generally, banks provide loans up to 20 times your salary. For example, if your salary is 4000 dirhams, the maximum personal loan you can get is up to 80,000 dirhams (4000 AED x 20 = 80,000 AED). Documents required to avail the loan include: filled and signed application form, valid Emirates ID, passport, residence visa, salary transfer certificate, bank account statement of last 3 or 6 months, and salary slip. You can use this loan to finance education, marriage, medical emergency, home renovation, or to meet any personal expense.
personal loan in uae 5000 salary
If your salary is 5000 dirhams, it is relatively easy to get a personal loan in UAE. Banks can provide a loan up to 20 times your salary, that is, on a salary of 5000 dirhams, you can get a maximum personal loan of up to 100,000 dirhams. Documents required to avail the loan include: filled and signed application form, valid Emirates ID, passport, residence visa, salary transfer certificate, bank account statement of last 3 or 6 months, and salary slip. You can use this loan to finance education, marriage, medical emergency, home renovation, or to meet any personal expense.
personal loan in uae 5000 salary for non listed company
If you are working in a non-listed company and your salary is 5000 dirhams, you can still get a personal loan. Generally, banks provide loans up to 20 times your salary, that is, for a salary of 5000 dirhams, you can get a maximum personal loan of up to 100,000 dirhams. Documents required to avail the loan include: filled and signed application form, valid Emirates ID, passport, residence visa, salary transfer certificate, bank account statement of last 3 or 6 months, and salary slip. You can use this loan to finance education, marriage, medical emergency, home renovation, or to meet any personal expenses.
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Personal Loan Amount Based on Salary in UAE
| Salary (AED) | Maximum Loan (Listed Company) | Maximum Loan (Non-Listed Company) |
|---|---|---|
| 2000 | 30,000 – 40,000 | 20,000 – 30,000 |
| 2500 | 37,500 – 50,000 | 25,000 – 37,500 |
| 3000 | 45,000 – 60,000 | 30,000 – 45,000 |
| 3500 | 52,500 – 70,000 | 35,000 – 52,500 |
| 4000 | 60,000 – 80,000 | 40,000 – 60,000 |
| 4500 | 67,500 – 90,000 | 45,000 – 67,500 |
| 5000 | 75,000 – 100,000 | 50,000 – 75,000 |
The personal loan amount in UAE can usually be up to 20 times your salary. For example, if your salary is 2000 dirhams, you can get a maximum loan of up to 40,000 dirhams. Similarly, if your salary is 5000 dirhams, you can get a maximum loan of up to 100,000 dirhams.
FAQs on Personal Loans in UAE for Salaries Between 2000 and 5000 AED
Can I get a personal loan with a salary of 2000 dirhams?
It is difficult to get a personal loan against a salary of 2000 dirhams in most banks, as the minimum salary requirement is usually 5000 dirhams.
What is the minimum salary requirement for personal loan in UAE?
The minimum salary requirement for most banks is 5000 dirhams.
What is the maximum loan I can take on a salary of 3500 dirhams?
On a salary of 3500 dirhams, you can take a maximum loan of up to 70,000 dirhams (20 times the salary).
Can I get a loan against my salary of 4000 dirhams while working in a non-listed company?
Yes, but you may face higher interest rates and difficulty in getting loan approved.
What documents are required for personal loan?
Documents required include completed application form, valid Emirates ID, passport, residence visa, salary transfer certificate, and bank statements of last 3-6 months.
What is the interest rate on personal loan in UAE?
Interest rates typically range between 2.85% to 4.90%, depending on the bank and your credit profile.
Is salary transfer necessary for personal loan?
Many banks require salary transfer, but some banks also provide loans without salary transfer.
What is the minimum work experience required to get a loan?
Generally, you need to have 3 to 6 months of experience with your current employer to apply for the loan.
Which banks offer personal loan against 5000 dirham salary?
Emirates NBD, Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), Dubai Islamic Bank (DIB), Mashreq Bank, HSBC, RAKBANK, Emirates Islamic Bank, Abu Dhabi Islamic Bank, at a salary of 5000 dirhams from these banks Personal loan can be obtained.
Can I use a personal loan for home renovation?
Yes, personal loan can be used for home renovation, wedding, education, travel, or other personal needs.
What is the repayment period of personal loan?
The repayment tenure of a personal loan usually ranges between 12 to 48 months.
Do I need a guarantor to get a personal loan in UAE?
In most cases a guarantor is not required, especially if you have a good credit score and you transfer salaries.
Are there any processing fees when applying for a personal loan?
Yes, most banks have a processing fee, which is usually 1-2% of the loan amount.
Can I take more than one personal loan?
Yes, you can take more than one personal loan, but it depends on your debt liability and credit score.
Conclusion
Your chances of getting a personal loan for salary between 2000 to 5000 dirhams in UAE depend on your salary, bank terms, and credit score. Most banks and financial institutions require a minimum salary of 5000 dirhams, which can make it difficult to get a loan on a 2000 or 3000 dirham salary. Nevertheless, some select banks and financial institutions like Dubai Islamic Bank and Rakbank offer loans even for salaries up to 2000-3000 dirhams.
At higher salaries, such as 4000 or 5000 dirhams, the loan amount can be up to 20 times the salary, for example, a loan of up to 100,000 dirhams for a 5000 dirham salary. Documents required include passport, residence visa, Emirates ID, salary certificate and bank statement.
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