Money in Gulf – United Arab Emirates

Sunday 1 September 2019

Best Loan Rates in Dubai, UAE

When it comes to choosing and comparing the banking product when you have to borrow money from a bank, it can be a difficult decision. There is a plethora of banks to choose from in UAE and before settling on a loan offer, go through the best loan rates and then make your pick.

Top Loan Offers:

DIB Personal Loan- Dubai Islamic Bank:

Dubai Islamic Bank in UAE gives loans at an attractive profit rate of 8.82% with a high finance amount. This is among the most popular package for clients in Dubai. There are no early loan settlement charges and the customers are offered upfront cash payment. The loan can be repaid in duration of up to 48 months.

Some other benefits of Dubai Islamic Bank loan are:

Customers can avail maximum finance amount of 2 million dirhams. Expats can get 1 million dirhams.
The arrangement fee is fixed between AED 600 and AED 800.
Fixed arrangement fee ranging between AED600 and AED800

Emirates NBD loan:

Emirates NBD bank gives its customers competitive interest rates with low installments. The repayment period is a considerable 1-4 years. This loan comes with an effective rate of 5.38% per annum. Minimum loan amount that can be borrowed is AED 350,000.

Abu Dhabi Commercial Bank (ADCB):

Abu Dhabi Commercial bank personal loan offer is available both for UAE nationals as well as expat individuals. This package comes with flexible eligibility term and low interest rates.

RAK Bank loan:

Customers can borrow Rak Bank high loan amounts at low interest rates. Both UAE nationals and expatriates can apply for this service. The bank gives quick approvals and there is no annual fee.

Abu Dhabi Islamic Bank (ADIB):

Abu Dhabi Islamic bank can be used for funding conventional projects as well to settle credit card loans. It has a highly competitive profit rate and clients can get instant approval. The maximum repayment period is 48 months. Clients do not have to pay an installment in the first three months and the bank only charges 1% processing fees. They range from AED 500 to AED 2500.

For further ascertaining best loan rates in UAE, visit moneyingulf.com for complete guidance and information.

Monday 29 July 2019

Gulf Loan Finder

While people related to the finance and banking sector have no issues in sorting out any monetary problems, for the layman it is difficult to sort out finances especially while looking for loan options. Most individuals are unfamiliar with the complex details of the terms and conditions that accompany many banking options and there is the possibility that they may take up an offer that they cannot afford to repay. To avoid such a difficult situation, you can contact Gulf Loan Finder and they will guide you properly.

The team at this firm consists of seasoned professionals who have in-depth knowledge about the banking sector.

A Team You Can Trust:

As a client you can out complete trust in this company of accomplished professionals who have years of experience in the field of finance. They are up-to-date about all the latest banking products and will give you effective guidelines for the acquisition of various loans and products.

They give each customer ample time and listen to their problems and concerns attentively so that they can deliver tailor made solutions for your unique situation.

They will act as a supportive bridge between you and the bank that best suits your requirements.

The team will apprise you about any hidden charges or fee that you may not at first be aware about.

For different clients different banking products are suitable so they will inform you about offers that you might not know about and guide you through the whole application process.

Convenience:

This company will present you with a comparison of loan packages of various banks in UAE and help you get the best deal. It is a single platform for solving all your monetary queries.

Furthermore, they will make the application process easier for you. They will help you in drafting applications and putting together documents. They can even make the loan approval process smoother for their clients.

They provide all the information related to loans such as eligibility criteria and required documents. The team at Gulf loan finder give their esteemed clients the ideal baking solution that they can afford. Money in Gulf Loan is here to provide the best opportunities for Loans in UAE. Personal loans in UAE today are the preferred means of short term credit.

For other details you can visit moneyingulf.com

Tuesday 9 July 2019

Apply for Personal Loan

United Arab Emirates, Personal loans are a great way to bail oneself out of any sort of financial emergency and are preferred by many as a means of short term credit.

Due to lower interest rate than credit cards many clients use them in case of large expenditures such as paying tuition fee, wedding expenditures, purchasing a new house or car, etc.

Types:

They are usually of two types:

Salary transfer loan:

The applicant has to make arrangements to get salary account to the bank they want the loan from. This requires extensive documentation in the beginning as the applicant has to seek permission from his/her employer or company. But the terms are very convenient.

Non-salary transfer:

This does not require salary transfer.

Documents:

Different banks have different criteria but generally to apply for personal loan the applicant has to provide the following documents:

ID card
Proof of citizenship
Income details

Personal loans in UAE:

ADIB Personal Loan for UAE Nationals:

In order to be eligible for this banking option, you must at least have a monthly salary of AED 5,000. They give instant approvals and you can avail funds of up to one million dirhams. They have a repayment period of up to 48 months. This package comes with a free ADIB cashback VISA card and a no fee postponement option.

ADCB Personal Loan for UAE Nationals:

For acquiring this loan the client must have a minimum monthly salary of AED 5,000. This package comes with low interest rates and a flexible repayment period. There is no hassle filled documentation involved.

The Dubai Islamic Bank Al Islamic Goods Finance for UAE Nationals:

This bank offers loans at an excellent profit rate of 8.82%. The minimum salary criterion to apply is AED 3000. There are no early settlement fees and a repayment period of two years.

Emirates NBD:

This bank offers cash loans at attractive interest rates, comfortable installments and a repayment period ranging from one to four years. You can borrow funds at an effective rate of 5.38% per annum.

Before you apply for personal loan, visit moneyingulf.com for complete financial guidance and information related to banks in UAE.

Sunday 23 June 2019

Lifetime Free Credit Card

With high end brands and retail stores popping up rapidly in United Arab Emirates, credit cards are the best way to carry currency around. They are convenient to use and easy to carry. There are many options that clients can opt for but most of these charge annual fees. However, there are also some luxury credit cards that come with no fee such as:

ADIB Value Plus Card:

Minimum salary requirement for this lifetime free credit card is 5000 AED. Through this card you can win reward points on spending and later use them for shopping or dining discounts or travel miles. Interest rate on this card is 3.09%. It is an Islamic credit card.

Citibank Simplicity Credit card:

To be an eligible candidate for this card, you must have a minimum income of 5000 AED. There is no late fee or over limit fee charges. There is also no cash advance fee. With this you can avail discounts at selected eateries and access to selected airport lounges in Middle East.

It is a lifetime free credit card with a low interest rate of 3.5 % of the outstanding amount with up to a 51 day interest free period.

CBD Visa Platinum Card:

This fulfills all the criteria of a great balance transfer card with no annual fees or charges. It has a low interest rate of 2.99%.

The customer who applies for this card should have at least a salary of 8000 AED.

Clients win points on every purchase and can redeem these for travel miles. They can set their own credit limit and can also get discounts on various dining options.

CBD Visa Infinite Credit Card:

This is a conventional balance transfer credit card. Minimum income requirement is 30,000 AED. This is a great option to those customers who are averse of paying an annual fee. The interest rate on this card is 2.99%.

Clients earn points on all purchases, these points can be redeemed for Skymiles. This card also allows access to VIP airport lounges worldwide and you can avail discounts on dining, shopping and travel.

For further information and guidance visit moneyingulf.com.

Sunday 16 June 2019

Credit Card Loans - Loan on Credit Card - Instant Loan on Credit Cards

If you are thinking of borrowing money in UAE you must have noticed a wide range of banking resources available to you. You may need the funds in emergency for a festive or somber occasion; you might have to pay university fee or need money for an interesting entrepreneurial venture. Many loan options such as personal loan, salary transfer loan, etc. must have crossed across your eyes but as a layman in financial affairs you must surely be confused as to how to proceed. But do not worry, moneyingulf.com will help you and guide you towards the best possible financial solution to your woes. Credit card loans are a banking option that prospective lenders can look towards.

How does it work?

Unlike personal loans, these loans do not require extensive time or paperwork for approval. If you find the process for applying for a personal loan daunting; opt for the loan on card option instead. The documentation process is minimal because the bank already has the applicant’s details and history.

Banks look at the credit history of the customer before approving the loan and it is ideal for those people who need quick access to funds. The installments are deducted through billing.

Benefits and disadvantages:

The benefits of credit card loans are:

No complicated documentation involved
Quick approvals
No salary transfer required
Prompt access to funds

Disadvantage:

The biggest disadvantage is the high interest rate compared to other banking options. That is why it is important to make sure that the applicant does not bite off more than they can chew by applying for this loan.

Eligibility criteria:

To qualify as an eligible candidate for this loan, the client must exhibit a good credit history with the bank in question. Banks usually do not place their trust on applicants who have bad credit or other loans to be paid off. Other factors considered are monthly salary, age, etc. but different banks have different eligibility criteria.

Just log onto moneyingulf.com and engage the help of their financial experts on the matter. They will guide you if your financial history qualifies you as a good candidate for this type of loan.