Have you ever wanted to go on a perfect vacation, plan a big wedding, or manage your debts better? Achieving these goals often needs extra money, and that’s where personal loans help. In the UAE, United Arab Bank (UAB) offers a personal loan that can make your dreams come true. With flexible terms, low interest rates, and fast processing, UAB’s personal loan is designed to meet your financial needs easily. This guide explains the features, benefits, who can apply, how to apply, and other important details about the United Arab Bank personal loan in UAE.
United Arab Bank Personal Loan Benefits:
UAB’s personal loan offers financial help with great flexibility and ease. Here are some reasons to choose it:
- Loan up to 20 Times Your Salary: UAE Nationals can get a loan amount up to AED 2 million with UAB personal loans.
- Lower Interest Rates: UAB offers personal loans with annual interest rates starting from just 5.63%.
- Quick Approval and Minimal Documentation: The approval process is fast and requires a few documents.
- Free Credit Card: When you take a UAB personal loan, you can get a credit card for the first year without any annual fee.
- Comfortable Loan Repayment: You can select a repayment period of up to 4 years, which makes it easier to manage your finances.
- Top-Up Facility: If you have a good repayment history with UAB, you can get an additional loan on top of your existing one.
Best United Arab Bank Personal Loan in UAE:
Here are the top United Arab Bank personal loan in UAE:
1. UAB Personal Loan For UAE Nationals
Features:
- Loan Amount: Up to AED 3 million.
- Interest Rate: Starting from 4.89% per annum.
- Repayment Term: Up to 48 months.
Benefits:
- Quick approvals
- Deferment options,
- Top-up facilities,
- Buyouts from other banks,
- Free credit card for the first year.
How to Apply?
Here’s how to apply for a UAB personal loan online:
- Visit this URL.
- Click on “Apply now” below the loan type.
- Enter your first and last name, email address, mobile number and Emirates.
- Select the product type, and enter your monthly salary and the loan amount you need.
- Click “submit”.
- Check the box of “I am not a robot”.
- Once the bank authorities receive your interest, they will reach you directly regarding the next steps.
2. UAB Personal Loan For Expats
Features:
- Loan Amount: Up to AED 1.5 million.
- Interest Rate: Starting from 5.24% per annum.
- Repayment Term: Up to 48 months.
Benefits:
- Quick approvals
- Deferment options,
- Top-up facilities,
- Buyouts from other banks,
- Free credit card for the first year.
- Revolving overdraft facility.
How to Apply?
Here’s how to apply for a UAB personal loan online:
- Visit this URL.
- Click on “Apply now” below the loan type.
- Enter your first and last name, email address, mobile number and Emirates.
- Select the product type, and enter your monthly salary and the loan amount you need.
- Click “submit”.
- Check the box of “I am not a robot”.
- Once the bank authorities receive your interest, they will call you regarding the next steps.
United Arab Bank Personal Loan Requirements:
Here is a list of documents required to apply for a UAB personal loan:
- Emirates ID: A valid Emirates ID for identification.
- Passport and Visa Copy: Passport copy with a valid residency visa for expatriates.
- Salary Certificate: A recent salary certificate for salaried individuals.
- Salary Transfer Letter: The latest salary transfer letter from the employer.
- Bank Statements: Recent bank statements from the last three to six months to verify income and financial status.
- Trade License: A valid trade license for self-employed individuals.
Note: These are the basic requirements that every bank has. They may vary depending on the bank and loan type. You might need to submit more documents if the bank asks for them. It’s suggested that you check with the bank beforehand.
United Arab Bank Personal Loan Eligibility:
To get a personal loan from United Arab Bank, you need to meet these conditions:
- Age: You must be between 21 and 65 years old.
- Employment: Both salaried and self-employed people can apply.
- Income: Your minimum monthly income should be at least AED 5,000 if you are salaried.
- Residency: The loan is available to UAE nationals and expatriates living in the UAE.
United Arab Bank Personal Loan Interest Rate:
Mentioned below are the interest rates of this personal loan:
| Loan Type | Interest Rate |
| UAB Personal Loan For UAE Nationals | 4.89% |
| UAB Personal Loan For Expats | 5.24% |
United Arab Bank Personal Loan Calculator
United Arab Bank offers a personal loan calculator to help you estimate your loan amount, monthly repayments, and total interest. Here’s how to use it:
- Visit the UAB Website: Visit the United Arab Bank Personal Loans page.
- Find the Calculator: Look for the personal loan calculator tool on the page.
- Enter Loan Amount: Type in the amount you need.
- Select Tenure: Choose how many months you want to repay the loan.
- View Results: The calculator will show your estimated monthly payment and total interest.
Using this calculator can help you plan your finances better and understand how different loan amounts and repayment periods affect your budget.
United Arab Bank Personal Loan Apply Online:
Apply for this loan by clicking “Apply Now”.
| Loan Type | Click to Apply |
| UAB Personal Loan For UAE Nationals | Apply Now |
| UAB Personal Loan For Expats | Apply Now |
United Arab Bank Personal Loan Contact Number:
For assistance, you can contact United Arab Bank toll-free at 800 474. International callers can reach them at +971 6 5987332. For Sadara services, the toll-free number is 800 72 32 72, and international callers can use +971 6 5987333.
Final Takeaway:
The United Arab Bank Personal Loan is a great choice for people who need flexible and convenient financial help. It offers high loan amounts, low interest rates, and a straightforward application process, making it easy to get the money you need for different personal expenses. You can make a smart choice by learning about its features, benefits, who can apply, and how to apply. For more details, visit the United Arab Bank Personal Loans page.
Want to learn more about securing a personal loan in the UAE? Feel free to check out our guide which is absolutely free and beginner-friendly that will help you embark and navigate the personal loan maze in the UAE.
Frequently Asked Questions (FAQs):
Q. What is the maximum loan amount I can avail of from UAB?
You can avail of a personal loan of up to AED 2 million from UAB.
Q. Do I need to transfer my salary to a UAB account to get the loan?
No, transferring your salary to a UAB account is not required to obtain the loan.
Q. How long does it take to get the loan approved and disbursed?
UAB ensures quick processing and promptly completes loan approval and disbursal.
Q. Can expats apply for a UAB personal loan?
Yes, expats residing in the UAE can apply for a UAB personal loan.
