HSBC
Benefits: Apply for a personal loan of up to Dh750,000 for Emiratis and Dh500,000 for expatriates with HSBC and receive a 25 per cent discount on the processing fee. Applicants can receive approval for the loan – offered at a reducing rate of 5.99 per cent – within 30 minutes if they meet the documentaion criteria, and there is no mandatory requirement for credit life insurance. Watch out for: The offer expires on February 28.
Standard Chartered
Benefits: Customers can apply online for a personal loan of up to Dh500,000 from Standard Chartered in five minutes and receive Dh2,500 upon the successful disbursal of the personal finance. Loan rates start from 6.5 per cent reducing. A processing fee of 1 per cent of the loan (minimum Dh500 and maximum Dh2,500) is applied. Watch out for: The Dh2,500 payback is subject to eligibility.
Emirates NBD
Benefits: Apply online for a personal loan from Emirates NBD and receive a Dh500 discount voucher. The loan comes with a processing fee of 1 per cent, up to a maximum of Dh2,500, and the option to skip two non-consecutive instalments per loan year.
Watch out for: Late payments on monthly instalments will receive a Dh50 charge.
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