Personal Loans for Salaried UAE Nationals 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: No (Special offer if salary is transferred)
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
Personal Loans for Salaried UAE Nationals from FGB in Dubai
Whatever financial needs you may have, educational expenses, family wedding or an urgent hospitalization of a dear one, First Gulf Bank extends help by way of sanctioning personal loans if you meet their eligibility criteria and fulfill their minimum documentation requirements. You can avail of a maximum amount of AED 200,000 as personal loan depending on your salary and other criteria such as:
Employment in a Government, Semi-Government or a private organization with repute
You should be over 21 years of age to be eligible for the loan
You need to hold a valid passport and visa to reside in Dubai
FGB requires very little documentation and sanctions your loan very quickly.
If you are a UAE National with a salary transfer account, you have the advantage of being offered a special loan at 5% interest rate provided your minimum salary is AED 10,000. The same loan is applicable to all defence personnel at 5.9% and can be repaid within 60 months.
PDC loan for UAE nationals from First Gulf Bank Dubai
First Gulf Bank, also known by its Arabic name Bank Al Khaleej Al Awal, is one of the top public-owned banks with branches all over the UAE that provides a wide variety of financial services in the corporate, investment, merchant and retail banking sectors.
Dubai – Then and Now
When oil was discovered in the UAE about four decades ago, it was believed to be the only source of revenue for the country. Though it was, in reality so, the diversification of the economy into retail trade, real estate, finance and healthcare much later reduced the dependence on oil and enhanced the country’s position on a global level, making Dubai the third most powerful country in the Arab world.
If you are interested in applying for a loan from First Gulf Bank, fill up the form on this page and wait for a representative to get in touch with you soon.