Personal Loan in UAE
Personal loan is a type of unsecured loan. There are many trusted financial organizations in Dubai that let people borrow money from them during their period of monitory crisis. Rightly planned agreements make it easier for the applicants to repay the amount of loans based on their credit history. The repayments of loans get done through EMIs.
In case of personal loans in UAE, the banks do not ask the applicants about the purposes of borrowing money. These loans can be taken by the applicants for various reasons such as education fees, personal commitment, medical emergency, education fees and much more.
The UAE based financial organizations grant the loans in a super fast manner. Hence, the applicants find it easier to meet their needs. Comparatively, the EMI amounts of personal loans are always lesser than the EMI amounts of other types of loans. When it comes to personal loans, the applicants never get charged with any foreclosure charges.
In Dubai, consumer credit gets established in terms of personal loans. Depending on the ability of repaying of the borrowed amount and integrity of the applicants, personal loans in Dubai get approved.
We are a lead generating company which connects consumers with third party lenders.
Apply now for cash and get a quick approval. Minimum period – 6 months and maximum period – 60 months.
The minimum apr is 1.54% and maximum apr is 24.99% depending on your company, salary, bureau score and the type of loan you avail.
Applicable fees will be 1% of loan amount as processing fees & 1% of remaining amount if early settlement.
There are no charges for applying on our platform. Once you apply for the type of product you are interested in, you will get calls from our registered consumers, which will be great for you to compare and decide amongst the options.
Principal Loan Amount = AED 100
Rate of Interest = 1.54%
Processing Fee = 1%
Tenure = 6 month
Total Loan Amount = Principal Loan Amount + Interest + Processing Fee
= 100 + 1.54 + 1
Monthly Installment = Total Loan Amount / Tenure
= 102.54 / 6
= 17. 09