Discover the personal loan options in Dubai that require no security or guarantee, catering to various financial needs such as weddings, education, travel, business startups, and debt consolidation. These loans offer a maximum amount of 20 times the borrower’s monthly income, with a repayment period of 48 months. Factors such as income source, credit history, age, and employment status influence the loan amount and interest rate. Explore the following banks providing personal loans with the lowest interest rates in Dubai:

RAKBANK Personal Loan: Features include a free RAKBANK Credit Card for life, a reducing rate of 5.99% p.a., a minimum salary requirement of AED 5,000, and a maximum loan amount of AED 1,250,000.

CBD Bank Absher Personal Finance for UAE Nationals: Key features include earning 500 Attijari Points for every AED 100,000 loan amount, a reducing rate ranging from 5.50% to 11%, a minimum salary requirement of AED 8,000, and a maximum loan amount of AED 2,500,000.

Emirates NBD Bank Personal Loan for Bankers: This loan offers a reducing rate starting from 14.99% p.a., requires a minimum salary of AED 15,000, provides a maximum loan amount of AED 200,000, and offers flexible repayment options.

Emirates NBD Personal Loan for Self-Employed Individuals: Designed for self-employed individuals, this loan offers a reducing rate starting from 19.99% p.a., requires a minimum average balance of AED 25,000 and a minimum business tenure of two years, and provides a maximum loan amount of AED 300,000.

Deem Personal Loan: With a minimum salary requirement of AED 5,000, this loan offers a flat rate of 9.01% p.a., a reducing rate ranging from 15.99% to 34.99%, and additional benefits such as Deem Credit Life Plus insurance coverage.

Standard Chartered Bank Personal Loan: This loan requires a minimum salary of AED 30,000 and offers a flat rate of 4.16% p.a., a reducing rate of 7.55%, a maximum loan amount of AED 500,000, and a top-up facility.

Consider the eligibility requirements, including residency status, age restrictions, minimum salary, and employment history, to determine your qualification for a personal loan in the UAE. Personal loans can be a valuable financial tool to overcome various obstacles. For more detailed information and additional services, visit the branch office or website of the respective banks.