Personal Loans

Personal Loans for UAE Nationals

Personal Loans from UAB for the UAE Nationals offers generous limits and flexible repayment terms, and caters to the financial needs of a wide range of Emarati professionals.

Our representatives can visit you at your convenience.

Key Features

  • Loan amount up to 20 times of your salary
  • Repayment period up to 48 months
  • Interest rates as low as 5.49%
  • Loans available up to AED 2.5 million

 

Additional Features

  • Quick Approvals and Easy Documentation.
  • Postponement and Top up Facilities available
  • Buy out facility available from other banks
  • Free Credit Card for the first year

Personal Loan Agreement

Download Brochure


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 2.5 Million. 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 21 years.

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.

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 48 months for expatriates and for UAE nationals.

How much can I borrow?
A maximum limit of up to AED 2.5 Million

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 48 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 6000.

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

Personal Loans for Expatriates

Personal Loans from UAB are tailored exclusively with the objective of helping expatriates borrow wisely. Customized to meet the needs of individual customers, our focus is on making the repayment process as simple as possible.

 

Key Features

  • Loans up to AED 2 Million
  • Repayment period up to 48 months
  • Interest rates as low as 5.49%

 

Additional Features

  • Quick Approvals and Easy Documentation.
  • Postponement and Top up Facilities available
  • Buy out facility available from other banks
  • Free Credit Card for the first year
  • Revolving Overdraft Facility

Personal Loan Agreement

Download Brochure



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 1 Million. 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 is 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 48 months for expatriates and for UAE nationals.

How much can I borrow?
A maximum limit of up to AED 2 Million

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 48 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 6000.

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

Personal Loan Shield

  • Online enrolment zero paper work
  • No medical examination
  • 24 hour worldwide cover for Death and PTD
  • Preexisting illness: Covered from the inception day up to the Free Cover Limit
  • Suicide is covered from day one
  • Hazardous sports are covered in respect of death benefit
  • Armed forces are covered
  • for death benefit whilst they are off duty
  • Illness occurring any time after the loan booking date in respect of PTD is covered


Know More

Personal Finance Takaful Plan

Personal Loan Shield Insurance Plan

Cash Flow Loans

Cash Flow Loans

United Arab Bank 's Cash Flow Loan helps you meet your short-term financial obligations like your home rent and education fees at attractive rates.

Key Features

  • Hassle Free Loans for payment of Rent and Education Fee directly to the landlord or education institute through a Pay Order
  • Available for Salary Transfer as well as Non-Salary Transfer customers working with UAB Approved Employer List
  • Loans available up to AED 400,000
  • Easy repayment in up to 12 Installments
  • Rates starting from 3.99% p.a.

 

Eligibility

  • Minimum income required is AED 10,000 for Salary Transfer customers
  • Minimum income required is AED 20,000 for Non - Salary Transfer customers
  • Offered to customers who are new to job in UAE – no minimum length of service required

Download Brochure



Who is eligible for the Cash Flow Loans?
All Salaried employees working with UAB Approved Employer List companies are eligible to avail cash flow loans for paying their home rent or education fees.

How can I utilize Cash Flow loans?
Cash Flow loans can be used for payment of Rent and/or Education Fee. The amount will be paid directly to your landlord or Educational institution.

Is the cash flow loan available for Salary Transfer customers only?

  • Cash Flow Loans can be availed by both salary transfer and non-salary transfer customers.
  • Non Salary Transfer customers can avail the loan through Direct Debit Mandate from customer’s salary account in any Bank

Is a Cash Flow loan available to new to UAE employees?
Cash Flow loans can be given to new employees; there is no minimum Length of Service required to avail this loan.

What is the minimum income required to avail the Cash Flow Loan?
Salary Transfer customers requires to have a minimum monthly salary of AED 10,000 and Non Salary Transfer customers require monthly salary of AED 20,000 to avail the loan.

What is the repayment tenor of Cash Flow Loans?
The cash Flow Loans can be availed for a minimum tenor of 6 and maximum of 12 months

What is the rate of interest for Cash Flow loan?
UAB offers very attractive rate of interest starting from 3.99% for customers with salary transfer and 8.99% for customers without salary transfer

What are the additional charges?

Additional charges are:

  • Processing fee of 0.45% (maximum of AED 2,500) and Insurance fee of 0.45% for salary transfer customers
  • Processing fee of 0.75% (maximum of AED 2,500) and Insurance fee of 0.75% for non-salary transfer customers

What is the minimum loan amount?
The Minimum loan amount is AED 20,000

What is the maximum loan amount?
The Maximum limit on the loan is 12 times of income up to AED 400,000

Can customers apply for both Rent loan and Education loan at the same time?

  • Customer can apply for both Rent and Education loan within their eligibility; two separate loan accounts will be created for the same. Customer has the opportunity to take both loans at the same time or at seperate intervals.
  • No top-up is allowed under this program.

How will the customer’s receive the loan amount?
The cash flow loan amount is paid directly to the landlord in case of House Rent loan and to the Institute in case of the Education Fee. There is no cash out to the customer in this loan.

Customer needs to provide payment authorization to UAB on the Draft Tenancy Contract or the Fee Detail document by signing under the declaration “I authorize United Arab Bank to pay the above amount directly from the proceeds of my loan”

Does the customers’ salary have to be credited in UAB account for Salary Transfer loans before loan disbursement?
The loan will be disbursed based on the Salary Transfer Letter for Salary Transfer Loans. For Non-Salary transfer loans, one salary credit in any Bank account is required along with the acceptance of Direct Debit Advice before loan disbursement.

Does the customer need to provide any additional documents for the loan?

Customers’ are required to provide additional documents:

  • For Rent Loan: the customer needs to provide Landlord’s ownership document copy (Title deed, Oqood, Sales-Purchase agreement-ownership proof, or Municipality issued ownership document) and Draft Tenancy Contract.
  • For Education Loan: the customer needs to provide Institute Enrollment Document copy (ID Card, Letter from Institute or Performa Invoice), Fee Details copy (Performa Invoice, Institute brochure copy, website printout) and the relationship proof of the student to the customer.
  • Additional, for all Non Salary Transfer Loans, Direct Debit Mandate is required

Can the customer use the loan to pay an education institute established outside UAE?
In case the Education Institute is located outside UAE, the customer will have a choice of payment in AED or respective country currency (currency exchange charges will be charged as per UAB rates).

* Terms and Conditions apply.

Auto Loan

UAB Auto Loan

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.

With a host of fabulous features, benefits and advantages, our range of auto finance variants have been carefully designed to cater to your needs.

 

Key Features

  • 500,000 maximum amount
  • 60-months maximum tenor
  • No salary transfer required
  • Competitive Pricing
  • 2.99% flat rate (5.38% on reducing balance)

 

*Subject to Terms & Conditions

Download Brochure


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Subject to UAB’s Terms & Conditions