Gulf Finance Corporation (PJSC) Personal Loan

Minimum Salary
0,00 د.إ

Description

Gulf Finance Corporation (GFC) is a non-bank financial institution specializing in small-ticket, unsecured personal loans for UAE residents, with typical reducing-balance profit rates from 11.25% to 24% p.a., loan amounts from AED 5,000 up to AED 250,000, tenures up to 36 months, and streamlined documentation. Benefits include fast digital approval, flexible repayment, and minimal fees.

Features

  1. Profit Rates and Loan Amounts
  • Reducing-Balance Profit Rates:25%–24% p.a., depending on salary, credit score, and employer
  • Loan Amounts:
    • Minimum: AED 5,000
    • Maximum: AED 250,000
  • Tenure: 6–36 months

 

  1. Eligibility Criteria
  • Age: 21–60 years
  • Residency: UAE Nationals, GCC Nationals, and UAE-residency-visa holders
  • Minimum Salary: AED 5,000 per month credited to a UAE bank account
  • Employment: Minimum 3 months confirmed service with employer
  • Credit Bureau: Consent and satisfactory Al Etihad Credit Bureau report required

Schedule of Fees and Charges

Fee Type Charge
Processing Fee 2% of approved loan amount (Min AED 200, Max AED 2,000)
Early/Partial Settlement Fee 2% of settlement amount
Late Payment Penalty AED 50 per overdue instalment (Max AED 200)
Loan Cancellation (Pre-disbursement) AED 100
Cheque Bounce Fee AED 100 per bounced cheque
Duplicate Statement AED 25 per statement

Documents Required

  • Completed GFC personal loan application form
  • Passport copy (and UAE residence visa for expats)
  • Emirates ID copy
  • Salary certificate or salary transfer letter (issued within 30 days)
  • Last 3 months’ bank statements
  • Signed AECB consent form
  • Undated post-dated cheques equal to loan instalments

Additional Info

  • Rapid Approval: Decisions within 30 minutes; disbursement within 24–48 hours.
  • Flexible Repayment: Choice of monthly, bi-monthly, or lump-sum maturity options.
  • Minimal Documentation: No collateral or guarantor required.
  • Digital Convenience: Online application and status tracking via GFC app.
  • Salary Overdraft Option: Temporary overdraft facility for approved customers.
  • Debt Consolidation: Combine multiple small debts into a single loan.
  • Customer Support: Dedicated hotline and branch network across the UAE.

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