Tag: Loans
If You Can’t Make Mortgage Payments, Here Is a Few Steps...
When you initially signed your mortgage contract in Dubai, you have been advised by your banker to run the numbers and make sure you...
UAE banks agree on “mini insolvency law” to help struggling SMEs
UAE banks have agreed to halt criminal prosecutions for bounced cheques drawn by small to medium-sized business customers under a “rescue initiative" launched by...
88% of affluent people living in UAE have credit obligations
Survey shows improvement in the levels of awareness of the Bureau and Credit ReportsCredit cards are most common form of credit, followed by...
Newcomers to UAE can now benefit from consumer finance products
Complete consumer financing solution includes Personal and Vehicle finance, Credit cards, accounts and online banking
Focus on customers with less than six month stay in...
Small business finance in the search of innovative solutions
Alternative Financing - the small business finance alternative during economic uncertainty
As a consequence of the distressed and even recovering economy, few commercial lenders are...
Banks offer free air tickets with personal loans
Applies to customers availing personal finance of AED 75,000 and above
Includes instalment deferment of up to 60 days, free credit life Takaful insurance and...
UAE President orders settlement of loans of citizens
President His Highness Sheikh Khalifa bin Zayed Al Nahyan has ordered settlement of defaulting personal loans of citizens whose debts are less than AED...
UAE Consumers on Spending Sprees
Deposits decreased, loans increasedThe UAE Central Bank today announced that money supply M0 (currency in circulation + currency at banks) increased by 0.4%, from...
UAE Central Bank’s governor calls for reduced interest rates on loans
Sultan bin Nasser Al Suwaidi, Governor of the UAE Central Bank has called on the banks operating in the country to cut interest rates...
UAE banks must refrain from offering loans over the phone
In recent news and regulations issued from the central bank of the UAE, another restriction has been implemented on the banking sector.All banks must...
Central Bank approves regulation for classification of loans
The Board of Directors of Central Bank of the UAE held its 6th meeting for the year under the chairmanship of Khalil Mohammed...