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About Non Salary Transfer Loan

Non-salary transfer loans, also known as personal loans or unsecured loans, are loans that are not tied to the borrower’s salary. Instead, they are based on the creditworthiness and financial history of the borrower.

The loan amount is typically disbursed to the borrower’s bank account and the repayment is done through monthly instalments. Non-salary transfer loans may have higher interest rates compared to salary transfer loans as the lender bears a higher risk. These loans may also require additional documentation and a good credit score for approval.

It is not mandatory to transfer your salary to a lending bank to apply for a Personal Loan in UAE. Now you can apply for a Personal Loan in UAE without Salary Transfer also. Might be the rate of interest is slightly higher as compared to Salary Transfer Loan as it’s considered as an unsecured loan in the UAE market. You can get approval within 24 hours if applying for a Personal Loan without Salary Transfer.

At Present numerous Banks and Financial Institutions are there to provide you Personal Loan without Salary Transfer. To name a few Citi Bank loans, ADCB Simply life Loan, Dunia Finance Loan, Finance House Loan, Fab, and lot more.

All listed and non listed company employees can apply for a Personal Loan without a Salary Transfer.

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Personal Loan Products

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Medical Emergency

Borrow Loan Company offers you personal loan for your unexpected medical emergency.Get instant personal loan for your all kind of medical emergency expenses.

Wedding Purpose

You can manage your deram marriage day with our personal loan option. Have the wedding celebration of your dreams. Apply now personal loan for wedding purpose.

Abroad Travel

Get the funds for the expenditure involved in going abroad for taking up employment. Manage your personal with Borrow Company for fulfill your travelling to abroad.

Child Educations

We provides child loan for pursuing higher, We given the right tools to every potential child. Also, grant personal loan for your child higher education.

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Features of non salary transfer loan

All loans are not created equal, personal loan has become a great option for people to use.

Low Interest Rates

As this type of loan is considered as a secured loan in UAE, the Interest rate is much lower than a loan without salary transfer.

Minimum Documentation

Documentation for salary transfer loans is very easy as compare to non-salary transfer loans.

Flexible Repayment Options

Get maximum repayment tenure upto 48 Months in salary transfer loan.

High Loan Amount

Top UAE banks are offering salary transfer loans upto 20 times of salary.

Non Salary Transfer Loan - Eligibility

Any salaried, self-employed, or professional is eligible for a salary transfer loan.

Monthly Income

To apply for a Salary Transfer Loan in UAE, the minimum fixed monthly income should be AED 5000 or above.

Good Credit History

A minimum credit score of 650 has become the most important factor in applying for a loan or any financial product in UAE.

Age Criteria

Min. age of the applicant should be 21 Years & max age at loan maturity should be 60 years for expats & 65 years for Emiratis.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Income proof is one of the mandatory document to apply for any loan in the UAE.

Minimum salary to apply for a loan in UAE is AED 5000, however eligibility differs bank to bank.

Yes, if your company is not listed still you can apply for a non-salary transfer loan in UAE, however you should meet all eligibility criteria.

Yes, any salaried or self-employed expat working in UAE can apply for non-salary transfer loan.

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Now apply for a Loan online, All you need to do is provide your details below application form.

    Documents Require for Salary Transfer Loan.

    Expatriates

    • Passport Copy
    • Visa Copy
    • Emirates ID
    • Bank statement
    • Income Proof
    • Credit Card Statements

    UAE Locals

    • Passport Copy
    • Emirates ID
    • Bank statement
    • Income Proof
    • Credit Card Statements

    Disclosure Policy:
    APR or Annual Percentage Rate of personal loan may range from 2.79% to 34% in the UAE.
    The minimum loan repayment tenor is 6 months and the maximum loan repayment tenure is 48 months.
    Processing Fee: 1% of the loan amount with a minimum of AED 500 and up to a maximum of AED 2,500
    Maximum loan amount: AED 1000000

    Representative Illustration
    If a customer borrows a loan of AED 20,000 and earns an income of AED 10,000. With a repayment period of 48 months, the EMI would be AED 546 at an effective interest rate of 13.99% per annum.

    The total repayment that would have been paid at the completion of the loan would be AED26,230, The borrower would be paying AED 6,230 as interest.

    Processing Fee: 1% of Loan amount with min. AED 500 and up to a max. of AED 2,500