LOAN FROM DUBAI FOR FOREIGNER AND NON-RESIDENT

 

DUBAI LOAN FOR FOREIGNER AND NON-RESIDENT

In Dubai a loan for non-resident and foreigners is offered through Emirati banks either conventionally or on the basis of Islamic Sharia through a Halal loan.

A loan in Dubai, is easy to obtain, however in the United Arab Emirates until recently an unpaid loan led to jail, now UAE have ended prison sentences for expatriate loan defaulters. However, before taking a loan, a foreign borrower must be sure that it will be refunded regardless of personal circumstances (job loss, illness).

For a loan in Dubai for foreigners and non-resident, the supporting documents to be provided to Dubai for financing are a passport, residence permit in the United Arab Emirates, bank account history for the last 12 months and a documentation on the repayment of existing loans. ^


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