Loans in Dubai and all over UAE
Loans in UAE is extended to employees as well as to self employed professionals. Banks look at the income as well as the repayment capability an individual has before extending personal loans in Dubai. The interest rate and the tenor of availing loans in UAE depends upon the employer/company background and the loan seeker's exiting debt.
Before applying for personal loans in Dubai, one has to be absolutely certain about the requirement of the loan and its end use. If you are very well planned with your financial matters, you would take a loan to invest in something that would yield better returns than the interest you pay for the loan. However, in most other cases people borrow for meeting their lifestyle expenses and Dubai being a city of choices has a lot to offer for spending money! Personal Loans, Credit Cards, Car Loans and Mortgage is offered by multiple providers in the UAE and MoneyGulf is here to help you choose the right bank for your personal financial needs.
We aim to provide the latest information in terms of best interest rates offered by banks for you to compare rates. You also have the choice of applying for a loan from multiple banks by filling out the form on the left of this page. We would provide the details to all banks/bankers registered with us and you can choose the best offer and the fastest offer made by the bank/financial institution
Gold is a very good investment option from a long-term perspective
Gold prices may or may not appreciate in the short term. But if you are planning to invest with a medium- to long-term perspective of 3-8 years, it is advisable to have a reasonable proportion of gold in your portfolio because the shiny yellow metal has seldom depreciated in intrinsic value if acquired with a long-term perspective. The other major reasons to invest in gold are enumerated...
6 Vital Tips to Help You Retire Early and Happily
When we are young and healthy, retirement planning is not on our priority list. However, retirement is an inevitable phase of everyone’s life. None of us can escape it. So the sooner we start planning for our retirement, the better for us. Here, we should always remember that it is not our huge salaries that can help us retire early and cheerfully, but our smart planning and budgeting. Following are a few vital tips that can help us to retire early without any anxiety or tension, and also enable us to live a happy and debt-free life thereafter...
Simple steps to reduce your expenses and boost savings
Our previous article headlined ‘Major reasons why saving money is very important’ emphasized on the significance of savings. Now let us go into the hard part of it – how exactly one can reduce his expenses and boost his savings. Residents of the UAE, where individuals are not required to pay any income tax despite average salaries being much higher compared to many other countries across the globe...
MoneyGulf.Com publishes white paper on “If Dubai wins its bid to host World Expo 2020, how will it benefit me as a Dubai resident?”
Lately, the World Expo 2020 has been all over the news because a decision will be made by the Bureau International des Expositions’ (BIE) member countries at the General Assembly on 27 November 2013 with regard to which city has been selected to host the event. While Dubai, which has officially bid to host this six-month exposition, is anxiously awaiting the decision, the local residents are wondering as to how they stand to gain if their city wins the bid following the 27 November announcement...
MoneyGulf.Com publishes its research on “Is it the right time to buy a property in Dubai or is it another bubble?”
After a devastating crash between 2008 and 2011 that saw property prices plummeting by around 65%, lately the property market in Dubai has rebounded strongly. Consequently, the real estate prices are now booming and have recovered by about a third since reaching a bottom in 2011. This has set most people wondering whether this boom will last or is it another property bubble waiting to burst.....
MoneyGulf.Com publishes its research on “Seven effective habits of financially successful people”
All of us aspire to become financially successful. However, many of us are clueless about how to become one. It has been observed that more than anything else, it is one’s habits and actions that eventually bring him success in any field. And it turns out that financially successful people also have some powerful habits in common. We, therefore, decided to compile a list of shared habits of the financially successful people so that those desiring to tread the same path can imbibe them and eventually translate their dream into reality. Below are the top seven habits from that list....
If we keep paying only the ‘minimum amount due’ on our credit card, will our outstanding ever get cleared?
Though most of us hold credit cards and use them regularly, very few of us know how our credit card billing system and payment process work. Many of us are also ignorant about the interest rate and the full extent of other costs being levied on our outstanding balances.Moreover, some of us never seem to realize that if we choose to keep repaying only the minimum amount due, we are choosing an incredibly expensive option because not only will our outstanding never get cleared, but we may even get into a debt trap...
Digital Strategy of UAE banks revealed
20%+ clients for personal finance acquired digitally by top-3 banks
As young and prospective customers now rely more on digital channels and social media networks to learn about banks and banking products and a large number of existing customers prefer the ease and efficiency of remote channels to do their banking transactions, banks in the UAE have started realizing that their online visibility is just as important as mass marketing and branch presence.
At the current exchange rate, does it make sense to take a personal loan in UAE and remit money to India?
The Indian rupee, after hitting a record low of Rs 68.845 against the US dollar on 28th August 2013, rebounded 11.2% over the last one month and closed at 62.08/per dollar on 26th September. The next day, rupee opened at 61.91 a dollar and touched a high of 61.77 before ending weaker at 62.50 a dollar. The strengthening of the rupee during September can be attributed to the various measures initiated by the Reserve Bank of India (RBI) to boost the value of the domestic currency and to improve the supply of dollars with a view to ease concerns about financing the nation’s current-account deficit.
Top 10 reasons why UAE residents get into the debt trap
No one gets into a debt trap willingly. Rather, it can happen because of various unanticipated developments. The 10 typical reasons why UAE residents get into the debt trap are discussed ...
Why is this the best time for taking a mortgage in UAE
A mortgage occurs when an owner pledges his or her interest or right to the property as security or collateral for availing a loan. In common parlance, the word ‘mortgage’ is most often used to mean the mortgage loan. When people don’t have enough savings or liquid funds to buy a property outright and still aspire to buy one, they normally decide to take a mortgage. Now if you are a UAE resident and have been contemplating buying or building your own house, this is the best time to go ahead with your plan by taking a mortgage loan because of the following reasons...