Personal Loan for Al-Futtaim Group Employees

When you decide to avail a personal loan in UAE, the lenders check different factors of eligibility. The eligibility also depends on the applicant’s income and employment. Therefore, the employees of reputable companies get a chance for quick loan approval from the lenders.

The Al-Futtaim Group Employees have a good financial history. In addition, if the employees have been working there for many years, they quickly get approval. It is beneficial for such employees to easily avail of a personal loan of their choice from any UAE lender.

Moreover, the Emirates Loan provides the best guidance to employees about the ways of applying with proper steps. Therefore, there is no possibility of the application’s rejection. If you are also an employee of Al-Futtaim Group, apply for a personal loan to meet your financial requirements more easily.   

Criteria to apply for personal loans for Al-Futtaim Group employees  

Before applying for this loan, you should know about the exact criteria of eligibility. Before knowing it, you will never avail it to solve your financial issue. It becomes easier to meet the criteria if you know and consider them and then apply for it. As a result, you will receive the loan amount as soon as possible from the lender. 

Age: 

The age limit is from 21 years to 65 years. However, some lenders’ criteria of maximum age are 60 years. You must know about it, so you will be able to apply only if you meet the eligibility criteria.    

Employment duration: 

The lenders check the applicants’ employment duration to ensure their financial stability. The longer period of employment shows that the employees are sincere towards their profession. Thus, there is no problem with the repaying of the debt amount. Your employment period is more than six months to become a more eligible applicant. This duration is ideal for those employees who work in the Al-Futtaim group.  

Credit score: 

Always prefer to apply for a loan with a higher credit score. The reason is that a high credit score gives you so many advantages as compared to a lower credit score. The lower score causes the rejection of the application. In general, the easier way to enhance this score is through paying off payments on time. Check the lender’s criterion of minimum credit score and then apply. 

Monthly salary: 

For getting a personal debt, the minimum salary must be more than five thousand AED. However, some banks factor of minimum salary is three thousand AED. The salary of employees of Al-Futtaim is enough to easily get debt approval from the lender. Such employees are more trusted because of their good monthly incomes. The lenders offer more loan amounts to such applicants because there is no risk of loan failure.  

Salary transfer: 

Some lenders demand the transferring of salary and then they transfer the debt amount to the applicant’s account. To meet this criterion, you need to transfer your monthly salary to the lender’s bank account. You have to open a new account in case you have no previous account in the bank from where you want to get a debt. For any confusion when you apply to open an account or loan application, the Emirates Loan assist you and you will easily understand the process.  

Factors to enhance the eligibility 

There are numerous factors that can enhance your eligibility. When you know these factors, you will apply with more confidence that you will get quick approval in a shorter time. These factors are:   

Apply for low debt amount: 

There is a great risk for lenders if they provide higher debt amounts. In some scenarios, the borrowers fail to repay the monthly debt installments. Therefore, the lenders prefer to offer the low debt amount especially if the applicant’s credit score is lower. However, if your monthly income is higher, the lender easily approves the loan application.   

Meet all other requirements: 

You have to check all the requirements because it is necessary to meet all of them. The meeting of all requirements enhances your eligibility. Every lender has different criteria for eligibility. So, it is important to know about them and then apply when you meet all the requirements of the lender.  

Attach supporting documents: 

Before applying, you need to make sure that you have all the documents that will be essential to attach with the application. All supporting documents must be valid and authentic. These documents are for security and show that applicants give authentic proof of their identity. Without attaching documents, your application will not get approval. 

Contact the lender: 

Every lender has their specific terms & conditions. Sometimes, the applicants get confused about some terms and conditions. Therefore, you should contact the lender and clear all the points of the loan terms. You can also negotiate with a lender for any term. For instance, you should choose the term of repayments according to your financial budget.