Some UAE banks still set minimum salary requirement of Dh5,000 for personal loans

The Central Bank of the UAE has lifted the ceiling for personal loans without a minimum salary. “This is a significant gamechanger for the UAE,” according to experts who believe that the move will help them raise finance for personal as well as investment uses.

Even with that Dh5,000 not-to-be-debited prerequisite gone, not everyone in the country will qualify for a personal loan since quite a few are in the very low income pockets and may not meet eligibility.

Some banks sent showed a minimum salary criteria for personal loans on their websites as low as Dh5,000 and beyond. Personal loans granted to UAE residents had soared to Dh547. 74 billion by the end of Q3 2025. 4 billion or 15.7% Year-on-year.

 For the UAE residents and employees, who need some cash urgently, these banks are providing them with personal loans:

First Abu Dhabi Bank (FAB):

• For UAE nationals, the minimum salary requirement is Dh5,000 per month, and they may be eligible for up to Dh5 million with a salary transfer account by either holding or not holding a FAB credit. They will pay 4.7 per cent fixed to 6.2 per cent interest annually while enjoying grace of up to one year (365 days).

• The UAE-based expats can avail up to Dh2 million loan for a grace period of 275 days and interest rate between 5.44 per cent and 7.2 per cent yearly.*

• Personal loans are available to applicants who are 21 years or older with a minimum salary of Dh7,000. They must in the service of a government, semi-government or a good private firm.

Emirates NBD:

• Loan amount up to Dh4 million is offered to Emiratis and Dh3 million to expatriates.

• It claims attractive interest rates for customers.

Mashreq Bank:

• It provides a loan of up to 20x your salary and as much as Dh2 million.

• Minimum salary per month of Dh5,000 for approved companies and Dh10,000 for unapproved companies

• Must be a verified employee for at least 6 months at current job

• Initial EMI grace period for up to 90 days

Abu Dhabi Commercial Bank (ADCB):

• Interest rate starts from 5.24 per cent for nationals and 6.49 per cent for expats

• It also offers up to 2x of salary draft with flexible eligibility criteria

• L an is granted against the assignment of the customer’s salary and end-of-service benefit (gratuity)

• Processing fees are 1.05 per cent of the loan amount.

• Loan repayment tenures start at 6 months and are up to a maximum of 48 months.

Commercial Bank International:

• Customers can borrow up to 20x of their salary.

• Insurance is covered in case of any unforeseen circumstances.

National Bank of Fujairah:

• Loans amount up to 20 times of monthly salary.

• Maximum of Dh1 million for expats; Dh3 million for nationals

• Loans tenors of up to 48 months

• Extended loan tenors with a repayment period up to 48 months

• Interest rate of 5.25 per cent

Ras Al Khaimah Bank (RAKBank):

• Applicants should be 21 years or older with a minimum monthly salary of Dh5,000.

• Interest starts from 5.49 per cent per annum.

• End-of-service benefits and salary transfer to the bank until the repayment of the loan is completed.

• Minimum Al Etihad Credit Bureau (AECB) score of 541

• Customer must be employed with a bank-approved employer.

• Nationals and expats have 48 months to repay the loan. UAE Armed Forces staff have 60 months.

Dubai Islamic Bank (DIB):

• Up to Dh5 million

• Takaful coverage up to Dh100,000

• Instalment deferment option

Abu Dhabi Islamic Bank (Adib):

• Up to Dh3 million in financing for the national

• Up to Dh2 million for expatriates

• Reducing the profit rate from 4.59% per annum

• Flexible repayment terms up to 48 months

• 2 instalment postponements without fee

Note: The above information is from the official websites of UAE banks. Every bank would have its own set of personal loan terms and condition, rate, calculator to workout the exact eligibility details and repayment structure. For the latest news, click on Just Dubai!