Personal loan tenure in the UAE typically goes up to 48 months (4 years), aligned with Central Bank lending guidelines.

Minimum salary requirements vary by bank. Most lenders start from AED 5,000 to AED 15,000 per month, depending on employer category and loan size.

DBR is the percentage of your salary already used for existing loans and credit cards. In the UAE, DBR cannot exceed 50% to maintain loan eligibility.

Personal loans are usually advertised with a flat rate, but actual repayment follows a reducing balance method. The accurate cost is shown as EIR (Effective Interest Rate).

Yes. Islamic banks offer Murabaha-based personal finance, where profit is charged instead of interest, compliant with Sharia principles.

A missed payment results in a late fee and negatively impacts your AECB credit score, affecting future loan eligibility.

Yes, but approval may require a higher salary, lower loan amount, or additional verification, depending on the bank’s risk classification.

Early settlement fees are typically 1% of the outstanding loan balance, capped at AED 10,000 as per UAE regulations.