Loans Guides

We may have just found the most efficient way to get out of debt! The 'Debt Avalanche' debt-repayment strategy can help you cut your interest costs and repay your debts faster. Find out how... Read More
In a rush to become debt-free, are you unknowingly taking shortcuts? Certain mistakes can be detrimental to your current as well as future financial well-being. Here are seven traps to steer clear of on your path to debt repayment. Read More
Looking for a safe and quick way to meet your urgent cash requirements? How about selling your electronics and getting instant cash in return? And the best part - You can buy your items back too! Read More
With Coronavirus related lay offs and salary cuts set to impact lives, how are banks stepping up to support customers? And what steps can you take to get back on your feet? Read More
Are you aware that you may not have the first right over your End of Service Benefits? Your personal loan contract may give your bank the right to adjust your gratuity and final salary towards your outstanding loan. Read More
Are you a homeowner looking for financial relief during these uncertain times? Mortgage refinance may be the solution you're looking for. Read More
The UAE Central Bank has just announced a financial stimulus program to support the country's economy and banking system. Here's what this means for you. Read More
Have you heard of the famous 'KonMari' tyding method made popular by decluttering expert and TV personality - Marie Kondo? We figure out how this method can be applied to organizing your finances. Read More
Are you aware of how to lodge a complaint with the UAE Central Bank? Souqalmal.com details the process and the conditions related to lodging your grievances with the country's financial regulator. Read More
The UAE Cabinet has just passed a federal law that's going to protect struggling borrowers from jail time and prosecution. Here's all you need to know about the new financial insolvency law and what it means for you. Read More
The UAE Central Bank has announced new rules for home loans in the country. Find out what these changes mean for you. Read More
Just last month, the UAE Central Bank followed in the US Fed's footsteps to cut its key lending rate. How has this impacted borrowers and savers in the country? Here's a simple explanation of what this big move means for YOU. Read More
Have you heard about FlexxPay - The company that's revolutionizing salary payments in the UAE? Find out what FlexxPay has in store for both, employees and employers in the country. Read More
With school fees in the UAE being at their highest ever, what are the options available for parents looking to ease the burden of school fees? Read More
Having trouble qualifying for a personal loan in the UAE? Souqalmal.com has shortlisted five loan products that have some of the lowest salary requirements. Keep reading to know more! Read More
No salary transfer? No problem! We've shortlisted some of the best personal loans on the UAE market that don't require you to transfer your salary to the lender. Read More
Paying off your mortgage fully can seem like a mammoth task. But with the right attitude and strategy you can chip away at it a lot faster. We explore some practical ways that can help you wave goodbye to your mortgage sooner than expected. Read More
Are you stuck with a home loan amount that's higher than the current value of your home? We explain the concept of 'underwater mortgage' and the options you have available to remedy the situation. Read More
Debt cycle, debt trap, debt spiral - Call it what you may, being stuck with never-ending debt is a stressful experience. Souqalmal.com explains how you can escape a debt cycle and earn back your financial freedom. Read More
Are you constantly struggling to keep up with your financial commitments? You may be financially overextended without even realizing it. We list the telltale signs and risks associated with being overextended and what positive changes you should make in order to regain control over your finances. Read More
Are you unknowingly causing a dip in your credit score? With multiple factors affecting your credit report, ignoring some of the lesser-known ones can ultimately hurt your creditworthiness. Here's how... Read More
We're all so dependent on our banks - For bank accounts, debit and credit cards, loans and much more. Have you ever wondered how your bank makes money? We list and explain the different revenue streams that allow banks to thrive. Read More
The UAE Central Bank revealed the top five issues faced by banking customers in its 2018 annual report. Souqalmal.com spells out the implications of these concerns on UAE bank customers. Read More
If debt is the biggest source of stress in your life, it's time to make a big change. We've listed some practical tips to help you mould your current lifestyle and become debt-free sooner. Read More
Are you telling yourself little lies to justify your debt situation and make yourself feel better? It's time to stop and take an honest look at what's keeping you in debt and how to beat it. Read More
Want to get a handle on your finances, but find 'budgeting' incredibly boring? We've shortlisted five of the coolest mobile apps that'll put a whole new spin on the dreaded 'B' word! Read More
Wondering what to do now that your outstanding debt has been rolled over to a debt collection agency? Here are some tips to help you deal with collection agents tactfully and get rid of your debts successfully. Read More
Looking to apply for a new loan? You don't have to settle for the first deal you come across. With a little bit of careful research and haggling skills, you can successfully bring down the interest rate and save big bucks in the long run. Read More
The UAE Central Bank has just raised its key policy rate the fourth time this year. Souqalmal.com explains what this means for the average UAE resident's personal finances. Read More
Debt repayment is as much a psychological undertaking as it is a financial one. The 'Debt Snowflake' technique can help slowly chip away at your debt and keep you motivated. Find out how it can be a game changer for your finances. Read More
Reviewing your credit report and credit score is now going to be easier than ever - You can now access these details through an app! Here's all you need to know about using the Credit Bureau's latest service. Read More
Do you always leave the mall with more than you intended to buy, and a wallet that's lighter than you intended it to be? You're not alone! Find out what tactics retailers use to trick you into buying more. Read More
Worried about what to expect with your bank announcing its plans to merge? With a few simple steps and precautions, you can ensure the transition to the new banking entity is a smooth one. Read More
Heard the buzz around the new loan transfer regulations in the UAE? Here's a detailed account of all you need to know about the Central Bank's latest move, and how it affects existing and potential borrowers. Read More
There's a wide variety of borrowers who borrow for an even wider variety of reasons. But there's a common set of qualities that separate responsible borrowers from reckless ones. Do you fit the bill? Read More
Call them what you may - Loan Sharks, Private Money Lenders, Unlicensed Lenders - These lenders-of-last-resort must be avoided like the plague. If you're struggling to free yourself from the clutches of a loan shark, here are some tips to help you out. Read More
We’ve prepared a checklist so you don’t miss out on any of these important must-dos before leaving the UAE Read More
We summarized the regulations that govern your personal loan eligibility and the things you must do before submitting your loan application. Read More
Think it's easy to be an adult?.. But are you navigating the world of grown up finance with the same ease? Make 'adulting' a cakewalk with these tips to secure your financial future. Read More
Ever wondered how your credit score is calculated and how it affects you? Here are some of the top misconceptions and the truths behind your three-digit credit score. Read More
Like any other investment, off-plan property purchase comes with its share of risks too. If you’re considering investing in an off-plan property in Dubai, here’s what you need to know before finalizing your purchase. Read More
If you earn a salary lower than AED5,000, there may be a few financing options available to you. Find out what they are and what you need to be aware of when availing these options Read More