Personal Loans for Self Employed Expats in Dubai from Dunia
Interest Rate: 14 to 39% reducing rate
Tenor: Maximum period of 48 months
Eligibility: Minimum salary of AED 5000
Arrangement fee: 1% of loan amount with a minimum of AED 500 and maximum of AED 2500
Late payment fee: 2% of the delayed amount, minimum being AED 50 and maximum AED 200
Loan cancellation fee: AED 100
Salary transfer: Not needed
Early settlement fee: 1% of principal amount
Personal Loans for Self Employed Expats from Dunia in Dubai
Dunia Finance L.L.C. extends the facility of personal loans to self-employed expats in Dubai in order to help them face any adverse financial situation with ease as well as to stabilize their income from self-employment. The interest rate is calculated on reducing balance per annum. Maximum loan amount possible is AED 100,000. Personal loans to self-employed expats are given after an assessment of the past credit history of the customer.
The requirements for applying are that you need to submit:
a valid passport and visa
residential address
latest salary slip
3 months bank statement
Loan statement if any
Self Employed loan for Expats from Dunia in Dubai
The long-term objective of Dunia Finance L.L.C. is to empower communities by offering them financial assistance by way of personal loans, credit cards etc. at reasonable interest rates thereby paving the way for sustained economic development of the country.
Dunia was launched in 2008 jointly with Fullerton Financial Holdings, Singapore, Waha Capital and Mubadala Development Company, Abu Dhabi. Dunia’s focus is on customers trying to serve their best interests but the company is cautious about not taking any risks that would hurt the nation’s economy in the long-term.
Customer-centered loans that cater to most of their financial requirements and help them improve their standard of living has always been the main focus in Dunia’s perspective.
Welcome to Dubai
Dubai, with a huge economic development since the discovery of oil four decades ago, comes off as an exceptional city in the world today. It is the largest of the seven emirates of the UAE and the second largest economy among the Arabian countries, so aptly called the commercial capital of the UAE.
80% of the population in Dubai is made up of expatriates. Most of the government’s revenue comes from real estate, trade and financial sector, oil accounting for only 6% of the total revenue though it was the primary resource that was responsible for the emirate’s commercial success initially. Dubai is the major hub for gold jewelry in the entire Middle East.
Termed as the fastest growing city in the world, Dubai, with its multi-cultural population and several man-made wonders that attract a large number of tourists every year, is one of the countries that have the highest per capita income in the world.