Now you can get a Personal Loan of your choice with various options to suit your pocket and your daily lifestyle. Be it a loan for your children’s future, a loan for home renovations, a loan for your marriage ceremony, or it may be repayment of your existing loan, with MoneyDila easy Personal Loan, you don't have to worry and think about financing your dreams and responsibilities. Personal loan now have become the easiest ways of short term credit in the UAE. There are varieties of banking options that are available with MoneyDila where you can choose. But in general there are few types of Personal Loan that are available in the UAE they are given below.

Types of Personal Loans in the UAE:
• Personal Loan for UAE Nationalities
• Personal Loan for the Expatriates
• Personal Loan for Self-employed professionals
• Personal Loan without a Salary transfer

Some important factors that you should know -

• High loan amounts based on monthly salary and length of employment.
• Many of the banks in UAE offers attractive reducing interest rates depending on customer income and loan amounts.
• Different packages are there for salaried and non-salaried customers, Emiratis and Expatriates.
• Several banks offer loan tenures for up to 48 months.
• Most banks offer optional insurance coverage.
• Pull over finance from other banks is offered in some cases.
• Most banks offer maximum financing.
• Free debit card is offered by several banks to expatriates.
• Customers can also avail of the loan return option which is offered by some banks.

Eligibility for Personal Loan for UAE Nationals and Expatriates:
Loan eligibility of a person can differ from one bank to another in the UAE.
The general eligibility criteria for Personal loan in UAE are –
1. The applicant must be a minimum of 21 years of age.
2. Service details is required of the person.
3. The applicant must be drawing a minimum salary that ranges from AED 3,000 to AED 5,000.
4. Salary transfer is generally required.
Documentation that are required for Personal Loan:
The documents that are required to apply for your personal loan in the UAE varies from bank to bank as. However, there are some general documents that are required which is given below:

• Completed loan application form
• Identity documents such as Passport copy, VISA copy, Emirates ID.
• Copy of passport with valid UAE residence visa for expatriates.
• Salary transfer letter / salary certificate is required for salaried employees.
• Bank statements is required for at least 3 to 6 months.
• Trade license is required for self-employed customers.