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Salary Transfer Loan

Salary Transfer Loan in Dubai is much easier to apply as compared to Loan without a salary transfer. It is also considered as a secured loan in UAE market. In this scenario, you need to transfer your monthly salary to the lending bank, to avail any loan facility. There are numerous Banks in UAE who are providing this type of 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. Also cheeck Top Credit Cards in UAE.

As it 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.

Features of salary transfer loan

All loans are not created equal, salary transfer loan has become a great option for people to use.

Low Interest Rates

As this type of loan is considered as a secured loan in UAE, the Interest rate is much lower than a loan without salary transfer.

High Loan Amount

Top UAE banks are offering salary transfer loans upto 20 times of salary.

Minimum Documentation

Documentation for salary transfer loans is very easy as compare to non-salary transfer loans.

Flexible Repayment Options

Get maximum repayment tenure upto 48 Months in salary transfer loan.

Salary Transfer Loan - Eligibility

Any salaried, self-employed, or professional is eligible for a salary transfer loan.

Monthly Income

To apply for a Salary Transfer Loan in UAE, the minimum fixed monthly income should be AED 5000 or above.

Good Credit History

A minimum credit score of 650 has become the most important factor in applying for a loan or any financial product in UAE.

Age Criteria

Min. age of the applicant should be 21 Years & max age at loan maturity should be 60 years for expats & 65 years for Emiratis

Documents Require for Salary Transfer Loan


  • Passport Copy
  • Visa Copy
  • Emirates ID
  • Bank statement
  • Income Proof
  • Salary Transfer Letter
  • Liability Letter (In case of Buyout)

UAE Locals

  • Passport Copy
  • Emirates ID
  • Bank statement
  • Income Proof
  • Salary Transfer Letter
  • Liability Letter (In case of Buyout)

Top Salary Transfer Loan providers in UAE

Compare 10+ salary transfer loan options & check eligibility saving you time/ money

Emirates Islamic Bank
RAK Bank
Dubai Islamic Bank
ADIB Salary Transfer Loan

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Frequently Asked Questions

Yes, the maximum repayment tenure is 48 months for a personal loan in UAE but you can pre-close it anytime by paying the outstanding amount and pre-closing charges of the lending bank.

Though it is not mandatory to transfer your salary to the bank for applying for a loan but salary transfer loan offers more options and lowers interest rates.

Most Banks in UAE provides salary transfer loan to there list of approved company employees only.

Tentatively it should take a weeks time if all documents are complete however it may vary in bank to bank loan application process.

Disclosure Policy:

  • APR or Annual Percentage Rate of personal loan may range from 2.79% to 34% in the UAE.
  • The minimum loan repayment tenor is 6 months and the maximum loan repayment tenure is 48 months.
  • Processing Fee: 1% of the loan amount with a minimum of AED 500 and up to a maximum of AED 2,500
  • Maximum loan amount: AED 1000000

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