Introduction
Whenever someone tries to apply for a loan in UAE, the first thing bank will do is the checking of your status on their list. It means, that you are listed or not with the bank. Several banks in the UAE can not give the facility of personal loans to non-listed companies, because of the risk of non-repayment. Similarly, if you are an individual like a salaried person, so the bank will allow you loan on certain terms and conditions. So, make sure before applying for a personal loan in UAE, whether you are listed with the bank or not. The main points in this article will help you to understand the concept of loan in relation with listed and salaried person. So Let’s begin and explore with me.
Listed companies vs salaried individuals
The reason behind this listing theme is that banks don’t want to take a chance of any risk related to Cayman Islands Phone Number List non-payment. Many companies take personal loans from bank and later they can not afford to pay their installments. Due to this reason, banks can face obstacles and difficulties while covering their payments. So, to avoid such inappropriate situation, the bank made that strict rule for all companies working in UAE.
If we talk about salaried individuals or job holder persons, so the bank can give you also loan but only according to their certain rules and regulations. According to the rule, a person with a monthly salary of 5000 AED will be eligible to personal loanfor a salaried personFor such purpose, the bank will check your specific documents and salary slip.
Features and benefits associated with listed companies
If your company is listed with the bank, so you will get various benefits from that bank. The following advantages are as mentioned below:-
- You will receive a free insurance policy.
- You will get an account free of cost.
- You will receive free cards like credit and debit cards.
- You will avail the personal loan without facing any difficulty.
- The specific amount of installment will be transferred directly to your account.
How can my company be listed with the bank of UAE?
Your company will be listed in the bank automatically if your company is a well-known and popular company in UAE. According to the bank’s rule, companies that are generating good revenue are usually the best for loan. Similarly, companies with a huge number of staff, and maintaining a high market value are eligible to personal loan for listed costa rica email data 619628 contact leads companies. Because such companies will not delay the repayment of the bank and will be able to pay on regular basis. So, the following are the main points in this matter:-
- The growth of the company should be at a high level
- The company should generate a good revenue
- Company should be authentic, legal and registered
- Working for many years
- Increased number of staff and workers
How can someone know about the listed or non-listed status of the company?
People mostly ask about the method to know about their listed or non-listed status. So the answer is, you can visit the branches of the bank or you can call the HR department of the bank to know your status. You can also check out the bi lists blog online source like Karz.ae, where you can get every info about status and personal loans in UAE. So, first of all, check your all details about the company and if your company is not on the list, do not take tension. Just go to the bank that gives the personal loan to everyone, especially to salaried persons.
Hope! my article was informative for you.
