Emirates 24|7 published an article based on Souqalmal.com’s bi-yearly report on the most popular products from April to September 2015.
Reaffirming this consumer choice, Union National Bank’s house rent loan gets the top rank amongst the most popular personal loans in UAE. The popularity of this loan, available to those earning a minimum monthly salary of Dh10,000 with no salary transfer requirement, shows that consumers are searching for products that help them meet their day-to-day living costs more effectively, Souqalmal.com said in a report shared with Emirates 24|7.
A similar pattern emerged in the car loans category, which was topped by Dubai Islamic Bank (DIB) with its Al Islami Used Car Finance offering, available to those earning Dh3,000 at a reducing rate of 5.14 per cent, followed closely by ADIB with its Used Car Finance Murabaha product.
“We release this list for exactly this reason – to find out the latest trends in the country’s retail banking sector and to provide greater transparency in the market overall,” said Ambareen Musa, founder and CEO of Souqalmal.com.
For the full article go to Emirates 24|7