A personal loan in UAE is a loan given to you by the bank. You can get a personal loan, and pay it back in instalments based off your salary, end-of service benefits, or another source of income that can be verified.
You are able to apply for a personal loan from any bank, not just the bank where your income is being transferred, though this rarely happens. UAE Central Bank the maximum amount for your personal loan should not be higher than 20 times your income, and the loan should be paid back within 48 months at the most, or no more than half of your annual salary. A personal loan gives you a convenient way to meet long-term and short-term financial needs.