How to Get Loan in UAE with Very Low Salary?

In the UAE, a personal loan is a lifeline. It helps cover unexpected costs or fund larger expenses. But what if your salary is low? Can you still get a personal loan? Understanding how much personal loan you can get on your salary in the UAE becomes crucial.

Securing a loan with a low salary might seem like a tough climb. But it is not impossible. It just takes understanding the process and knowing the right steps. This guide aims to unravel the complexities of getting a personal loan on a low salary in the UAE. It’ll shed light on your potential borrowing power and how to navigate the hurdles that come with low income.

Role of Salary in Personal Loan Eligibility

Salary plays a key role in personal loan applications. Lenders need to know you can repay what you borrow. They look at your income and outgoings to make this decision. Your salary gives them an idea of your income. So, it’s a vital part of loan eligibility.

How Much Loan Can Your Salary Fetch in the UAE?

The loan amount you can get in the UAE depends on various factors. These include your salary, credit score, and the lender’s terms. As a general rule, you may be able to borrow up to 20 times your monthly salary. So, for a monthly salary of AED 10,000, you may secure up to AED 200,000.

Examples with Different Salary Levels

Here are some examples of potential loan amounts based on varying salaries:

  • AED 10,000 salary per month: Borrow up to AED 200,000.
  • AED 20,000 salary per month: Borrow up to AED 400,000.
  • AED 30,000 salary per month: Borrow up to AED 600,000.

Remember, these are estimates. The exact loan amount depends on multiple factors.

Other Factors Lenders Look At

Lenders don’t just look at your salary. They consider other factors too. These include:

  1. Your credit score
  2. Job history
  3. Debt-to-income ratio
  4. Your assets
  5. Purpose of the loan

Boost Your Personal Loan Approval Chances

Looking to secure a personal loan? There are ways to enhance your approval chances:

  1. Build a good credit score. Pay bills on time, keep credit utilization low, and correct any errors on your credit report.
  2. Find a cosigner. If you have low credit, a cosigner can help. They agree to cover the loan if you can’t. This can boost your approval chances and possibly lower the interest rate.
  3. Compare lenders. Once approved, look at the rates and fees of different lenders. Consider the repayment terms too. Ensure you can meet the monthly payments before signing anything.

By following these tips, you can increase your chances of loan approval and secure a better interest rate.


Getting a personal loan in the UAE on a low salary is not a closed door. It might seem like a daunting task, but it’s doable. Your salary is a key player in your loan eligibility, but it’s not the sole factor. Credit score, job history, and other factors come into play. It’s all about understanding these elements and using them to your advantage.

So, don’t be discouraged by a low salary. Understand your borrowing potential and navigate the process with care. Be sure to follow our tips to boost your chances of approval. Remember, responsible borrowing is the key to managing your personal finance effectively. Let this guide be your starting point on the journey towards securing a personal loan in the UAE.

FAQs on Getting a Loan in UAE With Low Salary

Can I get a loan with a 4000 AED salary?

Yes, it is possible to secure a loan with a 4000 AED salary, but options may be limited. Most banks in the UAE set their minimum salary requirement for personal loans around 5000 AED. However, some financial institutions cater specifically to low-income individuals. For instance, the United Arab Bank offers personal loans to individuals earning as low as 4000 AED per month.

Can I get a loan with a 2000 salary in Dubai?

Securing a loan with a 2000 AED salary in Dubai can be challenging. Most banks set their minimum salary requirement higher, usually around 5000 AED. However, you can explore non-traditional lending options, such as microfinance institutions or credit unions, that often have lower income requirements.

Which bank is best for a personal loan with a low salary?

The United Arab Bank (UAB) is known for its flexible salary requirements. UAB provides personal loans for salaries as low as 4000 AED per month. Another option is the Commercial Bank of Dubai (CBD). CBD offers loans to individuals earning 3000 AED monthly. Be sure to compare interest rates, loan terms, and customer reviews before deciding.

Can I get a loan on Emirates ID?

An Emirates ID alone is not sufficient to secure a loan in the UAE. Lenders require additional documentation to assess your eligibility, such as proof of income, bank statements, and employment details. Your Emirates ID is crucial for the application process but is just one part of the overall requirement.

What is the minimum salary for a Rakbank loan?

The minimum salary requirement for a Rakbank personal loan is 5000 AED per month. This amount can change, so it’s best to check Rakbank’s current requirements directly.

How to get a loan for 2000 AED?

Getting a loan for a small amount like 2000 AED can be done through credit cards or personal loans from banks. But, remember that most banks have minimum salary requirements. If your salary is low, consider alternatives. Microfinance institutions or credit unions might offer small loans even for low-income earners. You could also consider peer-to-peer lending platforms that often have flexible criteria.

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