Personal Loans for Salaried Expats in Dubai from FGB
Interest Rate: 13.2%
Tenor: Maximum period of 48 months
Eligibility: Minimum salary of AED 5,000
Maximum loan amount: Up to AED 200,000
Processing 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
Deferment of installment: AED 100 per deferment
Credit Life Insurance: 1% - 1.5% of the total loan amount
Salary transfer: Not needed
Early settlement fee: 1% of the outstanding amount
Partial payment: 1% of the partial payment amount
Loan rescheduling fee: AED 250
Liability letter fee: AED 100
FGB Personal Loans for Salaried Expats in Dubai
Are you a salaried expatriate residing in the UAE and seeking a personal loan to meet a financial commitment or to simply take a vacation with your family? Whatever be your need of the hour, First Gulf bank (FGB) helps you realize your dreams, small or big, by extending personal loans at affordable rates of interest and helping you tide over any adverse situation smoothly.
FGB has very few eligibility criteria for a personal loan. They are:
Employment in a Government, Semi-Government or a reputed private organization
Age over 21 years
Valid passport and UAE Visa holder
A comprehensive insurance cover and fast approval time with minimum documentation are the other features of this non salary transfer loan in Dubai.
FGB Personal Loans in Dubai
One of the largest equity-based banks in the UAE, First Gulf Bank (FGB) was established in 1979 with its headquarters at Abu Dhabi. FGB has a large network of branches across UAE through which it extends a wide range of financial services to individuals and businesses.
First Gulf bank was awarded the “Best bank in the United Arab Emirates” title in 2013. It ranks third among the most powerful companies in the UAE and has featured as the 6th leading bank in the Forbes’ list of “Top 500 in the Arab World”.
Dubai – The ever expanding economy
Having been under the British from 1892 to 1968, Dubai became one of the seven emirates of the UAE in 1971. One of the fastest growing economies in the world, Dubai has many firsts to its credit like the tallest building (Burj Khalifa) and the largest mall (Dubai Mall) and many more man-made wonders.
To avail of a personal loan from First Gulf Bank for salaried expats in Dubai, fill up the form on this page and our representative will contact you soon.