Personal Instalment Loan

Need  a quick and easy loan without the need for transferring your salary?

Personal Instalment Loan

Key Facts

Whether you need a bit of extra cash for that dream vacation, or a household appliance, Barclays Personal Instalment Loan is there to meet all your needs.
 

  • Loans of AED 10,000 - 100,000

  • Flexible repayment plans

  • Fixed monthly payments

  • Payment protection insurance - in case of unforeseen circumstances and involuntary loss of employment

  • Loans without the need of transferring your salary or opening a deposit account with Barclays

  • Option to top up after 12 repayments

 


Apply now


Call - +971 (0) 4 428 6000

SMS
 - LOAN to 3652

Visit us - Barclays Bank Branches


 View - Account Terms and Conditions (1.29 MB)   

 

 

What you need

Applying is easy, simply call Barclays and arrange a meeting with our Personal Financial Advisor at a location of your choice. 

Documents required include(1):

  • Completed Application Form

  • Copy of passport

  • Valid residence visa

  • Last three months bank statements

  • Salary certificate (for salaried individuals) OR

  • Copy of the trade license and partnership agreement (for business owners)

  • Two undated security cheques from the salary account OR current account of primary applicant (for business owners)

  • Post-dated repayment cheques from the salary account OR current account of primary applicant (for business owners)

    (1) Documents required depend on individual circumstances additional documentation might be requested but the bank as deemed necessary. 

Fees and Charges

Fees and Charges

We try to keep our fees to a minimum and regularly benchmark our fees with those of our competitors to ensure you get a competitive Loan offer.

Minimum Rate of Interest 20.99%
Maximum rate of Interest 23.49%
Processing Fees 1% of the loan amount
Minimum Processing Fee AED 500
 Maximum Processing Fees  AED 2,500
 Insurance charges  0.5% p.a.
 Instalment Postponment Fees  AED 100
 Late Payment Fees  2% on overdue amount with minimum AED 50.00 and maximum AED 200.00
 Liability certificate  AED 100
 Loan Cancellation Fees  AED 100


Prepayment Fees (Full / Partial - charged on the outstanding amount)


Through own resources 1%
Through End of service Benefits 1%
Through a top-up loan NIL
Through debt consolidation (another Barclays loan) 1%
Through another banks facility 1%