Personal Loans for Self Employed Individuals

Personal Loans for Self Employed Individuals

Min. salary
AED 25,000
Max. Amount
AED 300,000
Effective rate
19.99%
A simple loan option to meet your financial needs even without declaration of end use of funds.
View Summary
Salary Transfer
Not Required
Minimum Tenure
12 months
Maximum Tenure
48 month
Early settlement
1.00%

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Features

  • High loan amount up to AED 300,000
  • Easy repayment options
  • No collateral or guarantor required
  • 100% cash without end use declaration

Documents Required

    • Valid Passport Copy with valid Resident Visa page
    • UAE Nationals: Idbara page of UAE Nationals
    • Original Emirates ID and Emirates ID copy
    • Proof of Residency or Utility Bill
    • Undated Security Cheque
    • Credit Card Statements (Where applicable)
    • Latest 6 Months Bank statement
    • Trade License
    • MOA (Memorandum of Association)
    • POA (Power of Attorney)

    Eligibility

    • Applicable to both UAE Nationals and Expatriats
    • Minimum 6 months average balance: AED 25,000
    • Minimum Length of Business: 2 years
    • Maximum Tenor: 4 years