Personal loans in the UAE can be used for a variety of purposes including home improvements, debt consolidation and financing a holiday. They are typically easy to apply for and offer competitive rates of interest.

Mortgage loans are useful for those looking to purchase a home in UAE. They provide financing for the purchase of a property and allow the borrower to pay back the loan in instalments over a designated period of time. It is a great way to access large sums of money and is typically used to purchase a home or cover the cost of renovations.

A Credit Card is a type of card that is used to borrow money from banks for considerably shorter durations. The money borrowed is paid at a later date aka at the end of a billing cycle. With a Credit card in UAE, every purchase is made using the provider’s money that needs to be paid back after a few days, usually between 30 to 45 days to avoid paying additional money also known as interest. The duration of the billing cycle, interest rate, and other value-added services differ between cards and providers.