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Dubai, UAE – ARAB NEWSWIRE — A personal loan can be highly beneficial when an individual needs money for urgent requirements or to fulfil other monetary needs. Most personal loans are also unsecured loans, which means they do not require one to pledge any collateral as a form of security. While individuals can easily apply for a personal loan in the UAE from any bank, banks may require one to have an account where his/her salary gets credited. This is to ensure that applicants repay the loan amount on time. It also reduces the risk of lending, since having a legitimate bank account can act as reassurance that the borrower will be able to pay back the money.

For many salaried borrowers, this might not be an issue. However, for those who get their salaries in cash or cheques, getting a personal loan with salary transfer can be difficult. Thankfully, many banks in the UAE have now started to sanction personal loans without salary transfer requirements. To know more about how to avail the best personal loan without salary transfer in the UAE, check the points below:

Eligibility Criteria for a Personal Loan in the UAE Without Salary Transfer

To get a personal loan without salary transfer in the UAE, one may have to fulfil some of the most commonly listed criteria given below:

Age of the Applicant

Age can be an important factor to avail a personal loan without a salary transfer in the UAE. For most banks, the minimum requirement is 21 years, and the maximum is 60 years. However, this can vary from bank to bank for residents and expatriates.

Minimum Monthly Income

Banks determine borrowers’ ability to repay the loan amount via their monthly income. Most banks also set specific monthly income criteria that determine the eligibility for one to avail a personal loan without salary transfer in the UAE. One may want to check the requirement before applying.


While some banks may provide a personal loan without salary transfer to salaried expatriates, some provide only to the UAE nationals and residents. So, before applying, it is advisable to check the citizenship criteria to experience a smooth process.


Typically, banks and lenders offer personal loans to salaried individuals working in government or private sectors. They are also offered to self-employed individuals. Banks may also require individuals to be salaried for at least a minimum of three months before submitting the application.

Required Documents for a Personal Loan in the UAE Without a Salary Transfer

The following are some of the documents that are typically required by banks to process the application for a personal loan without salary transfer in the UAE. However, the requirements can be different for each bank.

  • Emirates ID
  • Passport
  • Resident Visa
  • Residential proof
  • Bank statement of the last 3 to 6 months
  • Updated security cheque


One can avail a personal loan without salary transfer in the UAE by fulfilling the required criteria that are mentioned above. Applicants may want to check and compare the interest rates and other criteria provided by different banks. Doing so may help the applicant land the best deal and avail a personal loan without any complications.

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This press release is issued through Arab Newswire™ ( – the newswire with press release distribution to media in Arab World, Middle East and North Africa (MENA).


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