Low-interest Personal Loans For Mindfulness Courses: Cultivating Inner Peace – All of us need a personal loan at least once in our lives, be it for renovations, lump sum payments, vacations, etc. With rising living standards and increasing economic development, the UAE enjoys several internationally recognized banks along with many houses. These banks provide various financial products with many benefits. Personal finance has become one of the most popular short-term loans in the UAE.
Abu Dhabi Islamic Bank is one of the leading banks in the United Arab Emirates. It provides personal finance of up to AED 3 million for UAE nationals and AED 1 million for expatriates. This is one of the best personal loans in UAE.
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ADCB offers attractive loan options for expatriates and UAE nationals. They provide flexible and low-cost loans to expatriates living in the UAE. It offers competitive interest rates, high financing, long term and easy qualification criteria.
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Dubai Islamic Bank offers personal financing that complies with Islamic Sharia. The bank also offers several other personal loan products in the UAE at competitive interest rates.
First Abu Dhabi Bank offers personal loans of up to AED 5 million for UAE nationals and AED 2 million for non-residents, with flexible repayment terms of up to 48 months and competitive interest rates.
RAKBANK offers a low interest personal loan amount, with a flexible repayment period of up to four years for expatriates and UAE nationals (Armed Forces employees get a repayment period of up to 5 years).
Emirates NBD offers a wide range of personal loan products. Loans are easy to obtain and available at competitive interest rates. They even consider and provide personal cash loans to customers who are not included in the list of NBD approved companies.
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Emirates Islamic Bank offers private financing in accordance with Islamic Sharia provisions through shares or agency certificates. These loans are available to UAE nationals and residents for salaried and self-employed clients at competitive interest rates.
HSBC Bank offers loans on a reducing balance basis. That is, interest is calculated monthly from the remaining principal amount. At HSBC, you can apply for a personal loan online and get approved in 10 minutes.
Union National Bank provides a variety of personal finance products that meet all types of needs such as rent, education, renovation, etc. It also provides private financing for UAE nationals and expatriates.
CIB offers loans to salaried individuals, self-employed, and healthcare professionals. It offers high loan amounts and makes the application process easier.
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This completes the list of 10 personal loans offered by various banks in the UAE. Be sure to compare personal loans in the UAE and make a complete assessment of the advantages and disadvantages of personal finance related to the situation or from a particular bank for that matter.
Himanta Bijoy Kaushik is a personal finance writer. He found his love for writing and wrote several blogs about personal finance and other genres on various digital media platforms. He completed his MBA from IMT and is currently working in HDFC Bank as a Private Banker. When she is not writing, you can find her exploring different cuisines and watching TV series. Himanta hopes to write a novel. You can see his work at www.instagram.com/hematakaushik
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