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Pay All Your Bills on Time When applying for a  Home Loan in Dubai , it’s important you have a good credit history, which includes paying all your bills on time, every time. A late payment may negatively affect your credit score, and that can play a part in whether you’re approved for financing and ultimately, the rate and term you may receive. Even after your home loan closes, it’s still important to pay your bills on time, as this could affect your ability to apply for future loans. Be Wary of Employment Changes A stable employment history is important when preparing to buy a home. After all, you have to show that you have the stability and continuity of income to repay the loan. “Requirements may vary based on the type of employment you have, but for most salaried borrowers, there is no specific time on the job required,” Let’s say Bill, Executive Vice President of Capital Markets at XYZ company. “Lenders will review a two-year work history, which includes consideration

Personal loan is a loan, which establishes consumer credit that is granted for personal use. It is typically unsecured and based on the integrity of borrower and his ability to repay. Features of personal loans in UAE: The main feature of  personal loan in uae   is that it is unsecured by any collateral, and this applies to even personal loan to those who are not salaried. Collateral is just any economic resource of fundamental value such as car, boat or house, which can be repossessed by a lender in case borrower forfeits on repayment of the loan. Let’s check out  how do personal loans in UAE work ! Amount Required Every bank in UAE stipulates a maximum amount of loan provided to you. After you estimate how much you require, you can compare loans where the maximum pay-out is higher than you require. Need of minimum salary Every bank in UAE imposes a minimum level of salary you need to earn if you want to qualify for a loan. When you are searching to co

Credit cards with No Annual Fee The United Arab Emirates (UAE) is a testimony of living life in the ‘fast-lane’ with a tourism industry that is growing exponentially. The UAE also scores at the top in terms of spending, which is why it is necessary to select a channel or medium of expenditure that matches the growing needs of a UAE citizen. This has led to the numerous  credit card offers  and it is safe to say that there are many  credit cards in UAE  with no annual fee . There is a very healthy competition between banks to provide the best offers to the citizens in the UAE and they provide a wide range of credit card facilities that will boggle the mind. It is easy to draw a comparison between the banks because they are only a call away, waiting with a long list of credit cards with multiple benefits. Here are some of the top credit cards in the UAE that has the best offers for customers- 1.  NBAD GEMS Titanium Credit Card If you pay the annual school fees a

Factors which determine car interest rate Acquiring an  car loan in UAE  is certainly not a basic endeavor. You may need to take certain offensive decisions and if it is not done in the right way it can badly impact on your financial ease. These are some of the major determinants of car loan interest rate. 1. Age of the Vehicle An interesting fact is that interest rates of the used cars are more than that of the new car , this is because old cars get depreciated very fast as compared to new vehicles. Used car loans normally have a shorter duration. Related: Are you looking for  used car loans uae 2. Previous Loans If you have already certain number of credits and a busy credit history , then there are chances that your banker may feel nervous about giving you a loan. The more your loans more will be your credit score. Looking for a  person loan in UAE 3. Savings You savings can be a booster for your car loan. It creates a feeling that you have the abilit