When it comes to choosing and comparing the banking product when you have to borrow money from a bank, it can be a difficult decision. There is a plethora of banks to choose from in UAE and before settling on a loan offer, go through the best loan rates and then make your pick.
Top Loan Offers:
DIB Personal Loan- Dubai Islamic Bank:
Dubai Islamic Bank in UAE gives loans at an attractive profit rate of 8.82% with a high finance amount. This is among the most popular package for clients in Dubai. There are no early loan settlement charges and the customers are offered upfront cash payment. The loan can be repaid in duration of up to 48 months.
Some other benefits of Dubai Islamic Bank loan are:
- Customers can avail maximum finance amount of 2 million dirhams. Expats can get 1 million dirhams.
- The arrangement fee is fixed between AED 600 and AED 800.
- Fixed arrangement fee ranging between AED600 and AED800
Emirates NBD loan:
Emirates NBD bank gives its customers competitive interest rates with low installments. The repayment period is a considerable 1-4 years. This loan comes with an effective rate of 5.38% per annum. Minimum loan amount that can be borrowed is AED 350,000.
Abu Dhabi Commercial Bank (ADCB):
Abu Dhabi Commercial bank personal loan offer is available both for UAE nationals as well as expat individuals. This package comes with flexible eligibility term and low interest rates.
RAK Bank loan:
Customers can borrow Rak Bank high loan amounts at low interest rates. Both UAE nationals and expatriates can apply for this service. The bank gives quick approvals and there is no annual fee.
Abu Dhabi Islamic Bank (ADIB):
Abu Dhabi Islamic bank can be used for funding conventional projects as well to settle credit card loans. It has a highly competitive profit rate and clients can get instant approval. The maximum repayment period is 48 months. Clients do not have to pay an installment in the first three months and the bank only charges 1% processing fees. They range from AED 500 to AED 2500.