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Salary Transfer Loan in Dubai

Salary Transfer Loan in Dubai is much easier to apply as compared to Loan without a salary transfer. Salary transfer loan is also considered as a secured loan in UAE market. In this scenario, you need to transfer your salary to the lending bank, to avail any loan facility. There are numerous Banks in UAE who are providing Salary Transfer Loan at very competitive Interest rates. To name a few ADCB Personal Loan, ADIB Personal Loan, Rak Bank Personal Loan, Emirates NBD Personal Loan, Emirates Islamic Personal Loan, Noor Bank Personal Loan and lot more.

As Salary Transfer Loan is considered a secured loan, the interest rates are much lower as compared to Loan without a salary transfer.

You can apply for a loan amount of upto 20 Multiples of your salary. All Listed and Non listed company employees can apply for a Salary Transfer Loan.

 

Documents required for a Salary Transfer Loan in Dubai

For Expatriates :

  1. KYC Documents ( Passport, Visa and Emirates ID Copy )
  2. Salary Certificate
  3. Bank Statement
  4. Salary Transfer Letter 
  5. Liability Letter in Case of a Buyout

For UAE Nationals:

  1. KYC Documents ( Passport, Emirates ID and Idbara Page Copy )
  2. Salary Certificate
  3. Bank Statement
  4. Salary Transfer Letter 
  5. Liability Letter in Case of Buyout