Personal Loan
What is a Personal Loan?
Betterbond Finance will offer you a personal Loan which is specifically designed to cater to your needs.
Personal Loan is an unsecured kind of credit, you may get one without putting up any collateral, with little documentation and simple qualifying requirements. This type of fast loan has no constraints on what you may use it for.
A personal loan can be used to provide the best education for your children, plan your next trip, buy your dream car, trade in stock or reduce your monthly payments, Renovate your home, prepare for a wedding, ensure your children’s education, or effectively manage troublesome and unexpected expenses or high monthly instalments of loans and credit.Betterbond has financing solutions for everybody, with a low-interest Personal Loan though Betterbond Finance, you can meet your financial obligations.
Our Financial experts will walk you through the entire process swiftly and painlessly. For quick approval and disbursement of your personal loan, choose from our list of Personal Loan Partners of Banks and NBFCs based on your needs and convenience.
Personal Loan Types
Different Types of Personal Loans for your Special Needs
Salary Transfer Loan
Personal Cash loan
Debt Consolidation
Home Renovation
Take over loan
Education loan
Loan for creating fixed deposit
Loan against fixed deposit
Features and Benefits
- High loan amounts for UAE nationals and residents
- Competitive interest rates starting from 5.50% reducing per annum*
- Flexible repayment period up to 48 months
- Current account with minimum balance requirement waived
- Top-up of existing Personal Loan
- Buy-out or transfer of Personal Loan from other banks (with or without topping up the loan amount)
- Free Debit Card for purchases and withdrawals
Frequently Asked Questions
Can I build assets with Personal loans?
Yes, you certainly can. However, an asset will only rise in value if the rate of interest you pay on the loan is higher. As a result, taking out a personal loan to pay for your child's education will provide better results in the long run than investing in a Plasma/LCD television, which depreciates over time. A well-thought-out personal loan can help you build personal wealth.
How much can I borrow on a Personal loan?
Most banks prescribe certain limits on Personal loan based on your income and ability to repay. However, it is always advisable to borrow an amount that you will be able to safely repay without much discomfort.
How can I repay a Personal loan?
You may quickly pay back your personal loan using the repayment plan provided by the bank. Be honest with yourself about your capacity to pay back the loan each month. Don't put your faith on unknown future profits, and don't try to push your repayment potential too far. Keep in mind that simple repayment is within your grasp.
What is an amortization schedule? How does it help?
When you take out a personal loan, you are committing to not just repaying the debt, but also to repaying it within a certain time frame. A loan amortization schedule is what it's called. This will assist you in keeping track of the amount you pay each month in principal and interest. Always request and retain an amortization schedule from the bank, since you may need to refer to it in the future.