The eligibility of a personal loan in UAE depends among other things on the amount of money you are applying for and your age. If you wish to take a personal loan for any purpose, the most important thing is the credit rating – your credit score and profile. Your eligibility can become stronger if you show that you have an acceptable track record of paying off debts in a timely manner, enabling you to obtain larger loans at some point in the future.
A personal loan could be the solution for your financial needs. You can avail of these loans for a variety of purposes such as to pay off credit card or personal loan debts, fund a home renovation, plans to buy an automobile or a new mobile phone, set up a business venture, etc. This loan can be repaid over a period of 1-4 years. Based on whether you are working in Bank’s approved list of companies or whether you want to transfer your salary to the bank where you are applying for the personal loan, the maximum loan amount and the interest rate may vary significantly.
Normally transferring salary from one bank to the other bank may take time, thus though you can have a better limit and interest rate for your personal loan if you are in need of emergency cash it is wise to go for a nonsalary transfer loan which will meet up your financial needs quickly. If you are in need of cash, Apply now on Appro.