Personal Loans, Home Loans, Car Loans,.. It’s not easy to borrow money and get credit in Dubai and UAE. You will need a job with a regular salary or several months, at least, of company accounts and bank statements if self employed. Maximum loan amount will be up to 10-24 times your monthly salary/income. Most of us need a loan at some point – and cheap loans are the most attractive.
We have similar situations when we talk about credit cards: The UAE banks offer a huge range of credit cards so it’s important to compare them all thoroughly before you commit to just one. How to compare hundreds of credit cards instantly and find the best deals? To find the right credit card you need to consider factors such as rate, benefits, minimum salary, fees and more.
UAE banks offer an amazing range of benefits and features with credit cards so whether you’re looking for free rounds golf, discounts on restaurants, free spa treatments or cashback on purchases, we can help you find the best card for you.
All those service should be linked to your bank account, and if you do not have one yet, you need to make a first choice: the right bank. Whether new to the UAE or simply trying to change your current bank account, there are extensive bank account options available today with varying features to suit your needs.
Implications of non-payment are severe: if you fail to keep up with repayments on your finance, your bank may file a report with the UAE credit rating agency which may impact your ability to borrow from UAE banks in the future. Your home may be repossessed if you fail to keep up with repayments as well.
You should try to make sure you’re aware of all the rates and charges applicable to any loan so you’re not hit with unexpected charges or loopholes. You can compare interest rates against a variety of chances before you decide, and also check out the late payment fees to see what you’re likely to be charged if you miss any payments for whatever reason.
compareit4me.com is an impartial finance comparison site which allows you to find, compare and apply for a range of personal finance offers from the leading banks in Dubai, Abu Dhabi and across the UAE. We go to great lengths to ensure products are up to date and accurate giving you the best chance of finding the best offers on the market.
Information found on compareit4me.com is provided for illustrative purposes only, rates are subject to change based on your personal circumstances. You should always speak to a trained professional before taking out any form of finance.