Oumar Malik
Oumar Malik
Chief Financial Officer
Oumar Malik is the Chief Financial Officer of iNewkhusi.com, a top financial platform offering banking, loans, credit cards, and insurance. With deep financial expertise, Oumar is key in developing strategies for growth and effective management of financial products and services. Based in Al Hamriya, Dubai, Oumar provides valuable insights and innovative solutions to help individuals and businesses manage their finances.
If you are thinking whether you can get a personal loan on a salary of 2500 AED or not, then this information is for you only, generally banks in UAE offer personal loans up to 8 times your salary. However, the minimum salary requirement is usually 5000 dirhams.
You can repay this loan in a tenure of up to 48 months and the interest rates are also very affordable, which makes your financial management easier.
Here you will be told about the best banks from which you can take a loan against your salary, along with this you will also be told what things you have to keep in mind while applying for the loan, and how to find out using the UAE salary calculator.
How much loan will you get, so stay with us here till the End.
Salary Requirements and Options for Personal Loan
Personal loans in the United Arab Emirates (UAE) can help you meet various personal expenses such as debt consolidation, education fees, money for a wedding or unexpected medical bills.This type of loan lets individuals borrow a fixed amount from a lender and repay it in monthly installments over a stipulated period.
UAE Salary Calculator
Is it possible to take a loan for 2500 AED?
It is not possible to get a personal loan for a monthly salary of 25,00 AEd in the United Arab Emirates (UAE). Most banks and financial institutions provide personal loans only to individuals whose monthly salary is AED 5,000 or more.
Even some websites provide loan information for a minimum salary of 3,000 dirhams, but in reality, it is very difficult for any bank to provide a personal loan at this salary range, hence, minimum salary to get a personal loan. It is necessary to fulfill the requirement.
Salary Requirements for Personal Loan
- The minimum salary requirement for personal loans in UAE is usually AED 5,000.
- Individuals with a salary of AED 2,500 find it difficult to get a personal loan as most banks do not consider this limit to be met.
Personal Loan Schemes Available by Various Banks
Personal loan schemes offered in the UAE by different banks have different minimum salaries and interest rates.
For example, Commercial Bank of Dubai’s Quick Loan starts at 7.60% on a minimum salary of AED 8,000, while Emirates Islamic Bank’s Personal Finance for Expats is available at 2.85% on a minimum salary of AED 10,000.
Emirates NBD’s Loans for Expatriates is offered at 0% interest rate on a minimum salary of AED 5,000, and Deem Finance’s Personal Loan is also available at 0% interest rate on a minimum salary of AED 5,000.
Detailed information about these schemes is given in the points below.
1. Commercial Bank of Dubai
Commercial Bank of Dubai’s Quick Loan scheme is for customers who require a quick personal loan. The minimum salary under this scheme has been set at AED 8,000.
Interest rates start at 7.60% and no salary transfers are required.The scheme is easily accessible through a paperless process, and can be completed using only the Emirates ID.
2. Emirates Islamic Bank
Emirates Islamic Bank Personal Finance for Expats scheme is designed for foreign residents. The minimum salary for this scheme is AED 10,000 and the interest rate is 2.85%. It is based on the principles of Islamic finance and includes flexible repayment options.
| Feature | Details |
|---|---|
| Plan Name | Personal Finance for Expats |
| Minimum Salary | AED 10,000 |
| Interest Rate | 2.85% |
| Key Features | Islamic Finance, Flexible Repayment |
3. Emirates NBD
Emirates NBD Loans for Expatriates scheme is available to expatriate citizens. The minimum salary under this scheme is AED 5,000 and the interest rate is 0%. This plan comes with insurance and requires salary transfer.
| Feature | Details |
|---|---|
| Plan Name | Loans for Expatriates |
| Minimum Salary | AED 5,000 |
| Interest Rate | 0% |
| Key Features | Insurance, Salary Transfer Required |
4. Deem Finance
Deem Finance Personal Loan scheme is for customers who want to avail a loan without salary transfer. The minimum salary under this scheme has been set at AED 5,000 and the interest rate is 0%. This scheme is available with minimum documentation and can be availed easily.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan |
| Minimum Salary | AED 5,000 |
| Interest Rate | 0% |
| Key Features | No Salary Transfer Required, Minimum Documentation |
5. First Abu Dhabi Bank (UAE Expats)
First Abu Dhabi Bank Personal Loan for Expats scheme is exclusively for foreign residents. The minimum salary for this scheme is AED 7,000 and the interest rate is 2.82%. It offers flexible repayment options and quick approval. Additionally, comprehensive life insurance coverage is also available.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan for Expats |
| Minimum Salary | AED 7,000 |
| Interest Rate | 2.82% |
| Key Features | Flexible Repayment, Fast Track Approvals, Life Insurance Coverage |
6. First Abu Dhabi Bank (UAE Nationals)
First Abu Dhabi Bank Personal Loan for UAE Nationals scheme is for UAE citizens. The minimum salary under this scheme is AED 7,000 and the interest rate is 4.74%. It features flexible payment tenure and comprehensive life insurance coverage.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan for UAE Nationals |
| Minimum Salary | AED 7,000 |
| Interest Rate | 4.74% |
| Key Features | Flexible Payment Term, Life Insurance Coverage |
7. First Abu Dhabi Bank (Non-Salary Transfer)
First Abu Dhabi Bank Non Salary Transfer Personal Loan scheme is for UAE citizens, where salary transfer is not required. The minimum salary for this scheme is AED 15,000 and the interest rate is 5.72%. It offers comprehensive life insurance coverage and flexible payment options.
| Feature | Details |
|---|---|
| Plan Name | Non-Salary Transfer Personal Loan |
| Minimum Salary | AED 15,000 |
| Interest Rate | 5.72% |
| Key Features | No Salary Transfer Required, Life Insurance Coverage |
8. HSBC Bank
HSBC Personal Loan plan is for customers requiring higher loan amounts. The minimum salary under this scheme is AED 7,500 and the interest rate is NA (Not Noted). This includes insurance, salary transfer and flexible repayment options.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan |
| Minimum Salary | AED 7,500 |
| Interest Rate | NA |
| Key Features | Insurance, Salary Transfer, Flexible Repayment, High Loan Amount |
9. First Abu Dhabi Bank (New to Country / Employment)
First Abu Dhabi Bank New to Country / New to Employment Loan scheme is for individuals who have recently arrived in the country or started a new job. The minimum salary under this scheme is AED 7,000 and the interest rate is 3.24%. It offers comprehensive life insurance coverage and flexible payment options.
| Feature | Details |
|---|---|
| Plan Name | New to Country / New to Employment Loans |
| Minimum Salary | AED 7,000 |
| Interest Rate | 3.24% |
| Key Features | Life Insurance Coverage, Flexible Payment Options |
10. Dubai Islamic Bank
The personal loan scheme of Dubai Islamic Bank is based on the principles of Islamic finance. The minimum salary for this scheme is AED 7,000 and the interest rate is 4.90%. It offers a free bank account, free cheque book, insurance, and salary transfer facility.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan |
| Minimum Salary | AED 7,000 |
| Interest Rate | 4.90% |
| Key Features | Free Bank Account, Free Cheque Book, Insurance, Salary Transfer |
11. RAKBANK
RAKBANK Personal Loan scheme has a minimum salary of AED 10,000 and an interest rate of 2.85%. Credit cards, free debit cards, and flexible repayment options are also available under this scheme.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan |
| Minimum Salary | AED 10,000 |
| Interest Rate | 2.85% |
| Key Features | Credit Card, Free Debit Card, Insurance, Flexible Repayment |
12. Abu Dhabi Islamic Bank
The minimum salary in Abu Dhabi Islamic Bank Personal Finance scheme is AED 8,000. It offers flexible repayment options and quick approval.
| Feature | Details |
|---|---|
| Plan Name | Personal Finance |
| Minimum Salary | AED 8,000 |
| Interest Rate | NA |
| Key Features | Flexible Repayment, Fast Track Approvals |
13. Citibank
Citibank Personal Loan plan comes with a higher loan amount and flexible repayment options. The minimum salary under this scheme is AED 8,000 and the interest rate starts from 3.99%. It requires quick approval and minimal documentation.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan |
| Minimum Salary | AED 8,000 |
| Interest Rate | 3.99% |
| Key Features | Quick Approval, Minimal Documentation |
14. Standard Chartered Bank
Standard Chartered Bank Personal Loan scheme is for customers whose monthly salary is AED 6,000 or more. The interest rate starts from 5.00% and features flexible repayment options and life insurance coverage.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan |
| Minimum Salary | AED 6,000 |
| Interest Rate | 5.00% |
| Key Features | Flexible Repayment, Life Insurance Coverage |
15. Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank Personal Loan scheme comes with easy approval and minimal documentation. The minimum salary under this scheme is AED 7,000 and the interest rate starts from 4.25%. It also has flexible repayment options and insurance facilities.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan |
| Minimum Salary | AED 7,000 |
| Interest Rate | 4.25% |
| Key Features | Flexible Repayment, Insurance |
16. Bank of Sharjah
Bank of Sharjah Personal Loan scheme is available with a minimum salary of AED 6,500. The interest rate starts from 6.00% and flexible repayment options are provided for higher loan amounts.
| Feature | Details |
|---|---|
| Plan Name | Personal Loan |
| Minimum Salary | AED 6,500 |
| Interest Rate | 6.00% |
| Key Features | High Loan Amount, Flexible Repayment |
Through this information, you can compare the features of personal loan schemes of different banks in UAE and their minimum salary requirements.
Personal Loan with AED 5,000 Salary
Below mentioned major financial institutions offer personal loans for individuals with AED 5,000 salary:
Emirates NBD – Personal Loans for Expatriates
- You can get a loan amount up to AED 3 million.
- The loan tenure is flexible, which can be up to 48 months.
- The bank gives you the facility of first moratorium of the loan for the first 45 days.
- You can avail two non-consecutive moratoriums in your loan cycle.
- The bank also offers a 7 days withdrawal facility.
- There is no need to maintain minimum balance on the personal loan account as it is a free zero-balance account.
- Setup fees are free for the first year on overdraft.
- The bank also offers a free credit card with eligible points for the first year.
Check Emi Using Calculator For Personal Loan
You can use a personal loan calculator to know the exact personal loan monthly installment (EMI). This calculator calculates your EMI based on your loan amount, interest rate, and repayment tenure, helping you decide as per your budget and financial plan.
It is simple to use and provides you with the right information so that you can plan your monthly installment easily.
Loan EMI Calculator
Deem Finance Personal Loan
The interest rates on Deem Finance personal loans can range from 15.99% to 34.99% per annum, depending on your eligibility. The loan approval process is simple and quick, and you can repay the loan in 1, 2, 3, or 4 years. Along with this, Deem Credit Life Plus service is also available, which covers the outstanding amount of the loan in case of an unexpected event like death or critical illness and also the cost of remittance due to death. The loan application requires minimal paperwork.
Some key information about this loan is as follows:
- The interest rates on Deem Finance personal loans can range from 15.99% to 34.99% per annum, depending on your eligibility.
- The loan approval process is simple and quick.
- You can repay your loan in 1, 2, 3, or 4 years.
- Deem personal loans come with Deem Credit Life Plus service, which covers the outstanding amount of the loan in case of an unexpected event like death or critical illness. This service also covers the cost of repatriation due to death.
- The loan application process involves minimal paperwork.
ADCB Personal Loan (For Expatriates)
ADCB personal loans for expatriates are available at competitive interest rates, starting from 5.75% per annum. With this loan you can earn 300 Touch Points on every AED 1,000 and avail loans at higher salary multiples.
The bank also offers a free credit card, debt consolidation service, and easy document processing. Additionally, credit life insurance and double salary overdraft facility is also available.
Some key information about this loan is as follows:
- ADCB offers personal loans at competitive interest rates, starting from 5.75% per annum.
- For every AED 1,000 loan you can earn up to 300 TouchPoints.
- Loans are available at higher salary multiples.
- The bank also offers a free credit card with this loan.
- Debt consolidation service is also available.
- The loan process requires easy documentation
- The bank also offers credit life insurance.
- You can also get an overdraft of twice your salary.
Documents Required To Avail Personal Loan In Uae
If your monthly salary is AED 2,500 dirhams and you want to apply for a personal loan in UAE, you will need the following documents:
1. Filled in and signed Personal Loan Application Form
2. Valid Emirates ID
3. Valid Passport
4. Lawful Residence Visa
5. Original and Valid Salary Transfer Certificate
6. Bank Account Statements for the last 3 or 6 months
7. Valid proof of salary, like salary slip
8. Valid and Original Business License
Eligibility Criteria for Personal Loan in UAE
If your salary is AED 2,500, you must follow the following eligibility criteria for a personal loan:
1. Minimum Age: The minimum age of the applicant for a personal loan should be 21 years.
2. Maximum Age : Depending on your nationality, the maximum age for a personal loan can be 60-65 years.
3. Monthly Salary : Personal loans in UAE usually require a minimum monthly salary, which should be more than AED 2,500. Most banks and financial institutions demand a salary of AED 5,000 or more.
4. Employment Status: At the time of loan application, you must be currently in employment and have 1-6 months of experience with your current employer.
5. Credit Score : Your credit score must be satisfactory, as determined by your respective lender. It reflects your credit worthiness and ability to make payments on time.
Frequently Asked QUESTIONS
1: What are the eligibility criteria for a personal loan with a monthly salary of AED 2500 in UAE?
Personal loans against AED 2,500 monthly salary are not provided by banks in UAE. A minimum monthly salary of AED 5,000 is required to avail a personal loan. As per the eligibility criteria, the minimum age of the applicant should be 21 years, and the maximum age should not exceed 60-65 years, depending on the nationality of the applicant. Applicants must be salaried or self-employed individuals and must have a credit score as prescribed by the concerned bank.
2: What is the repayment tenure of personal loan in UAE?
The repayment period of personal loans varies for different banks, but usually it ranges between 1 to 4 years.
3: How long does it take for banks to approve personal loan applications for applicants with a monthly salary of AED 2500?
Banks and other financial institutions may take up to 1-7 working days to approve a personal loan application. However, keep in mind that no bank in UAE offers personal loans for AED 2500 monthly salary.
4: Can I get a loan with a monthly salary of AED 2500 if I have a good credit score?
No, even if you have a good credit score, you will not get a personal loan for a monthly salary of AED 2,500.
5. Is it possible to take a loan against a salary of 2500 dirhams?
It is not possible to get a personal loan in UAE for a monthly salary of 2,500 dirhams. Banks and financial institutions usually require a minimum salary of Dh5,000 for a personal loan. So, if your monthly salary is Dh2,500, you will find it difficult to get a personal loan, as it is less than the minimum salary required by most banks.
6. Can I get a loan on a salary of 2500 dirhams?
It is not possible to get a personal loan for a salary of 2,500 dirhams in UAE. Most banks and financial institutions require a minimum monthly salary of Dh5,000 for a personal loan. So, if your salary is Dh2,500, you are unlikely to get a personal loan, even if you have a good credit score.
7. From which banks loan can be taken in UAE
Many banks and financial institutions in the UAE offer personal loans, major names include: Emirates NBD, Abu Dhabi Commercial Bank (ADCB), Dubai Islamic Bank, Abu Dhabi Islamic Bank (ADIB), Mashreq Bank, RAKBANK, Commercial Bank of Dubai (CBD), Emirates Islamic Bank, First Abu Dhabi Bank (FAB), HSBC UAE, Noor Bank, Standard Chartered Bank, and Deem Finance. These banks offer a variety of personal loan plans, depending on your income, employment, and credit score.
Conclusion
It is difficult to get a personal loan in UAE for a salary of AED 2,500, as most banks have a minimum salary requirement of AED 5,000. However, personal loans can be used for various needs, such as education, medical expenses, wedding, travel, or home renovation. This loan can support you in times of financial crisis and help you meet your important expenses.
On our website Inewkhusi.com you get detailed information related to bank account, credit card, personal loan, EMI calculation etc. This information is provided with detailed research and expertise, so you can make the right decision. Multi-language support is also available on our website, in which articles can be read in Arabic, Urdu, Hindi and English, so that you can get information in your preferred language. If you require any assistance, you can ask questions in our comment box. Our team is ready to respond to your query and provide you with a reply within 2 hours.
