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Get better at Debt Management with us
United Arab Bank has always believed in working to benefit our consumers. We do realise that life-changing events can sometimes add to financial stress, resulting in financial debt. That is where planning a budget, considering your monthly income and outgoing budget will help you control finances better.
Did you know that there are many benefits of having a regular payment history?
  1. Timely payment maintains your credit rating with the bank and provides you with benefits such as subsidised rates, attractive investment offers, automated credit lines etc.
  2. Prevent late payment fees from being levied on overdue amounts and avoid the risk of repossession on secured loans.
  3. Always try and keep your credit rating positive, with the bank as well as with the Central Bank and Al Etihad Credit Bureau
  4. Avoid defaults on payments to keep a clean record with your bank.

If these benefits have inspired you to better your financial status, and you are wondering how to go about bettering your financial debt, here are a few tips.

1. Build an emergency fund

Financial experts believe that an ‘emergency fund’ can be the first step in avoiding debt. Saving three to six months’ worth of essential expenses can provide a savings cushion in case of unforeseen situations.

2. Stick to a savings routine

First save, then spend. This will help ensure a disciplined savings routine as well as help manage your spending and budgeting better. A routine savings plan is key to building a solid emergency fund as well as keep you away from debt.

3. Choose a spending plan

The best way to avoid overspending is to make a spending plan depending on your earnings. Dividing expenses into needs, wants and short and long-term financial goals can help you keep track of how much you end up spending every month.

4. Only borrow what you need

When you need to borrow any financial product- credit card, car loan, mortgage, student or personal loan- it is advisable to opt for the smallest loan possible. Also, making a fairly decent amount of down payment can reduce your EMIs and help you manage debt better.

If you have been struggling with managing your finances or debt, you can always reach out to us. Our bank can provide you with debt management counselling that can help you better your financial skills.

For fees and charges, click here.

You may reach out to us on: 800-474 and/or overseas call center number

+971 6 598 7332

9:00 a.m. to 4.00 p.m. Monday to Thursday

9:00 a.m. to 11:00 a.m. on Friday

Write to our Debt Counselling Dept. at DebtCounsel@uab.ae

Alternatively, you may visit our Head Office, United Arab Bank located in Sharjah with the below details:

Debt Counselling Department

Office Location: UAB TOWER, H.O 19th Floor, Al Majaz 1, opposite Al Noor Mosque, Sharjah, UAE.


You can reach us using any of the following numbers

UAB Toll Free

800 474

International callers

+971 6 5987332

Sadara Toll Free

800 72 32 72

Sadara international

+971 6 5987333

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