What is a UAB Loan?
A UAB Loan is a personal loan granted to salaried individuals whose salaries are credited to United Arab Bank. The maximum amount for a UAB Loan is AED 250,000. The loan is intended for personal use and to be repaid by deductions from the borrower’s salary.
Is salary transfer to UAB mandatory?
Yes. For a personal loan it is mandatory that your monthly salary is transferred to UAB.
What is the minimum age requirement for a UAB Loan?
The minimum age requirements for UAE nationals are 20 years and 6 months, and 21 years for expatriates.
What is the maximum age at a loan maturity?
UAE Nationals: 65 years or retirement age, whichever is earlier on loan maturity. Expatriates: 60 years or retirement age, whichever is earlier on loan maturity.
How do I repay my UAB Loan?
The method for repaying a UAB Loan is by debiting the repayment amount from your monthly salary when it is transferred to your UAB bank account.
Is there any insurance cover available for a UAB Loan?
When your loan is approved, you will avail of free credit life insurance up to the loan value. In the event of death and total permanent disability the outstanding loan amount will be covered under this insurance scheme*.
I have just joined my company. Am I eligible for a UAB Loan?
Yes subject to UAB receiving a letter from your employer confirming your employment status and assignment of salary with UAB.
What is the maximum repayment period for a UAB Loan?
The maximum repayment period is 84 months for expatriates and for UAE nationals.
How much can I borrow?
A maximum limit of up to AED 250,000.
What interest rates do I pay?
Our interest rates are charged on a reducing balance. The interest rates are extremely attractive and competitive and are dependent on your income and the period over which you wish to repay.
What kind of collaterals do I need?
You do not need any collateral or guarantors.
Do I get any special benefits?
UAE Nationals: 65 years or retirement age, whichever is earlier on loan maturity. Expatriates: 60 years or retirement age, whichever is earlier on loan maturity.
How do I repay my UAB Loan?
You automatically get a host of free benefits:
- Current account
- Cheque book
- ATM Card
- Access to all our branches open from 8.00am - 1.00pm
- Personalized customer service.
- Access to ATM's across the UAE
How long do I have to repay my loan?
From 6 months to a maximum of 72 months, depending on your choice, eligibility and ease of repayment. You can also postpone installment payments (subject to conditions).
Who is eligible for a Personal Loan for Expatriates?
UAE resident expatriates working for government /semi government companies and UAE resident expatriates working for employers on UAB's list of approved companies.
What is the minimum Personal Loans for Expatriates loan amount?
AED 15000.
What is the minimum salary required to get a loan?
A monthly income of AED 5000.
Can loans be given to unconfirmed employees?
No, the customer needs to be confirmed to avail a loan.
What documents do I need?
Salary Transfer Certificate, a copy of your Passport with a Valid Resident Visa and three months/six months of bank statements showing regular salary credits.
When can I postpone my loan installment?
You can postpone two loan installment payments, in a 12-month period.
When can I apply for a top-up loan?
You can apply for a top up loan if you have not utilized the entire eligibility or in case of increase in salary and after 20% repayment of your existing loan.
* Terms and Conditions apply.
UAB Auto Loan offers you minimum formalities and flexible repayment periods to give you the keys to your dream car as quickly and conveniently as possible. 
