Personal Loans Guides

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
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
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? These quick-fixes and 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
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
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
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
We summarized the regulations that govern your personal loan eligibility and the things you must do before submitting your loan application. Read More
Up to your neck in debt? As intimidating as it may sound, approach your bank for a solution. Here's a step-by-step guide to help you negotiate a repayment plan with your bank. 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
Up to your neck in debt? As intimidating as it may sound, approach your bank for a solution. Here's a step-by-step guide to help you negotiate a repayment plan with your bank. Read More
Total personal debt in the UAE is a whopping AED 350 billion. How much of it is your share? Souqalmal.com's latest survey evaluates the debt situation in the country and how residents are coping with it. 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
We constantly hear or read about expats struggling with debt in the UAE. How can you avoid becoming the next victim? Here are three common debt traps that you should steer clear of. Read More
Looking to apply for a personal loan? Here are 6 tips you can use to improve the chances of getting your loan application approved. Read More
Personal loan insurance has many names: Credit Insurance, Payment Protection Insurance (PPI), Loan Shield Insurance and many others. We explain what personal loan insurance is and whether or not you should get it Read More
Your debt-to-burden ratio (DBR) is an important factor that will determine your ability to receive a loan and the financing amount. Find out how you can calculate it. Read More
What are some of the reasons that a bank may reject a personal loan application? Find out and make sure that you meet all the eligibility criteria 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
Souqalmal.com allows you to compare personal finance products and personal loans in the UAE from banks in Dubai and Abu Dhabi and the other emirates. Read More
Until you understand the difference between flat rate or reducing balance you cannot decide if a loan advertized at 18% or 24% is more expensive... Read More