Personal loans can be a great financial tool when used wisely, especially for managing big expenses or consolidating debt. In the UAE, several banks stand out for offering low-interest personal loans with flexible repayment options. Here’s a detailed guide to the top banks offering the best deals on personal loans in 2025.
1. Emirates NBD
Why Choose Emirates NBD?
Emirates NBD is one of the leading banks in the UAE, known for its competitive interest rates and quick loan processing.
Key Features:
- Interest Rate: Starting from 2.49% (flat rate) or 4.6% (reducing rate)
- Loan Amount: Up to AED 4 million for UAE nationals; AED 2 million for expatriates
- Repayment Tenure: Up to 48 months
- Additional Perks: Salary transfer is optional for specific loan products.
Eligibility Requirements:
- Minimum Salary: AED 5,000
- Employment: Confirmed employment with a listed company
2. Abu Dhabi Commercial Bank (ADCB)
Why Choose ADCB?
ADCB offers personal loans with low interest rates and additional benefits such as free life insurance and processing fee waivers.
Key Features:
- Interest Rate: Starting from 3.45% (flat rate) or 6.2% (reducing rate)
- Loan Amount: Up to AED 1 million for expatriates; AED 3 million for UAE nationals
- Repayment Tenure: Up to 48 months
- Additional Perks: Free life insurance coverage
Eligibility Requirements:
- Minimum Salary: AED 8,000
- Employment: Employer must be listed with ADCB
3. Dubai Islamic Bank (DIB)
Why Choose DIB?
Dubai Islamic Bank specializes in Sharia-compliant financing, making it an excellent choice for those looking for Islamic personal loans.
Key Features:
- Interest Rate: Starting from 3.79% (flat rate) or 6.8% (reducing rate)
- Loan Amount: Up to AED 4 million
- Repayment Tenure: Up to 48 months
- Additional Perks: No processing fees for specific promotions
Eligibility Requirements:
- Minimum Salary: AED 5,000
- Employment: Confirmed employment with a listed company or government entity
4. Mashreq Bank
Why Choose Mashreq?
Mashreq Bank offers some of the fastest loan approvals in the UAE, often within 24 hours.
Key Features:
- Interest Rate: Starting from 2.75% (flat rate) or 5.0% (reducing rate)
- Loan Amount: Up to AED 1 million
- Repayment Tenure: Up to 48 months
- Additional Perks: Free credit card for the first year
Eligibility Requirements:
- Minimum Salary: AED 7,000
- Employment: Employer must be listed with Mashreq
5. First Abu Dhabi Bank (FAB)
Why Choose FAB?
First Abu Dhabi Bank provides flexible personal loan options with competitive rates and long repayment terms.
Key Features:
- Interest Rate: Starting from 2.95% (flat rate) or 5.2% (reducing rate)
- Loan Amount: Up to AED 5 million for UAE nationals; AED 2 million for expatriates
- Repayment Tenure: Up to 48 months
- Additional Perks: Discounts on processing fees during promotional periods
Eligibility Requirements:
- Minimum Salary: AED 10,000
- Employment: Confirmed employment with a listed company
6. RAKBANK
Why Choose RAKBANK?
RAKBANK is known for its flexible personal loans tailored for expatriates and UAE nationals.
Key Features:
- Interest Rate: Starting from 3.19% (flat rate) or 5.8% (reducing rate)
- Loan Amount: Up to AED 1 million
- Repayment Tenure: Up to 48 months
- Additional Perks: Cashback offers during special promotions
Eligibility Requirements:
- Minimum Salary: AED 5,000
- Employment: Salary transfer is required for most loans
7. Standard Chartered Bank
Why Choose Standard Chartered?
Standard Chartered offers personal loans with low interest rates and added benefits for its priority banking clients.
Key Features:
- Interest Rate: Starting from 2.99% (flat rate) or 5.4% (reducing rate)
- Loan Amount: Up to AED 1 million
- Repayment Tenure: Up to 48 months
- Additional Perks: Loan top-up options available
Eligibility Requirements:
- Minimum Salary: AED 8,000
- Employment: Employer must be listed with Standard Chartered
How to Choose the Right Personal Loan
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Compare Interest Rates: Flat rates are easier to understand, but reducing rates reflect the actual cost of borrowing.
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Check for Hidden Fees: Always review processing fees, early settlement charges, and late payment penalties.
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Evaluate Loan Terms: Choose a tenure that offers manageable EMIs while keeping total interest payments low.
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Consider Salary Transfer Requirements: Some banks require salary transfers, while others offer non-transfer options.
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Look for Promotions: Banks often run limited-time promotions that include lower rates or waived fees.
Finding the best low-interest personal loan in the UAE requires comparing rates, eligibility criteria, and added benefits across banks. Emirates NBD, ADCB, and Dubai Islamic Bank are excellent choices for competitive rates, while Mashreq and FAB excel in loan processing speed and flexibility. By carefully reviewing your financial needs and the available options, you can secure a loan that aligns with your goals in 2025.