x Abu Dhabi, UAESunday 21 January 2018

Personal bank loan offers in the UAE worth considering

Three of the best loan deals for those who need a little extra cash in their lives.

Personal finance from Emirates Islamic at 2.49 per cent

Benefits: Emirates Islamic has a sale on its personal finance products until June 10. The deal includes profit rates starting from 2.49 per cent per annum on a fixed rate, higher finance amounts available and payment holidays of up to two months.

Watch out for: Never borrow more than you can afford to pay back.

Dh500 airline voucher with a personal loan from HSBC

Benefits: With loan rates starting at 6.59 per cent on a reducing rate basis, this loan comes with a Dh500 airline voucher and high loan amounts of up to Dh500,00 for expats and Dh750,000 for Emiratis – both subject to approval. There are also options to defer payments twice a year and dozens of buy one get one free offers from a travel voucher booklet.

Watch out for: Only those earning more than Dh7,500 can apply.

Cash back personal loan from Mashreq

Benefits: Take out this loan and 1 per cent cash back will be credited back to your account within 24 hours. So borrow Dh100,000 and receive Dh1,000 straight back, along with the full loan amount. Those seeking a top-up on an existing loan will only receive the cash back on the incremental loan amount.

Watch out for: The cash back is limited at Dh2,000 and the promotion expires on June 30.