How much is the interest rate for Personal Loan and Car loan in Dubai banks? December 28, 2009
Posted by Credit in : United Arab Emirates , trackback
sandeep n asked:
How much is the interest rate for Personal Loan and Car loan in Dubai banks?
How much is the interest rate for Personal Loan and Car loan in Dubai banks?
What is the maximum available tenure for expats?
Comments»
With the UAE being an Islamic country, I dont think there is any interest on loans as under Islamic law interest is forbidden wether you give or receive it.
Personal loan generally in the range of 9 to 11 per cent. Car loan is lower than this. Tenure 3 to 5 years.
Personal loan about 15-18 %
car loan 3-4 %