Credit Card/Personal Loan in Dubai/UAE-Undertaking

Personal loans in UAE -Undertaking

Banks in Dubai always makes their clients sign disclosure , information agreements before they get a loan in Dubai/UAE or Credit card in Dubai/UAE. The client should sign the undertaking before the personal loan , auto-loans, or credit card application process begins. Below is an example of the components contained in an approval to obtain and disclose information.

Disclosure form----exemplified

The above account holder (hereinafter referred to as the “Customer/Borrower” ) hereby entitles and authorises us (“The financial institution”) to obtain and disclose any financial, legal or credit information relating to the Customer/Borrower, including any information pertaining to the address, telephones or utility bills relating to the Customer/Borrower and his authorized signatory(ies) or any other information which included in the credit information report ,and to verify ,obtain or disclose such information, as you deem fit in your absolute discretion.

I also agree that you may obtain, request, transfer and disclose any information relating to me / us (including information you obtain from any third parties such as any local or international credit bureau), to and between the financial institution branches (whether inside the UAE or abroad), subsidiaries, affiliates, representative offices, agents of the financial institution, and any third parties, selected by any of them or you , wherever situated, for private use (including for use in connection with the providing of any products or services to me and for data processing , statistical and risk analysis purpose, local cash services and dealings in securities on any exchange securities market(s) and any other relevant authorities and agencies pertaining thereto ) .

You and any of…….…. Branches, subsidiaries, affiliates, representative offices, agents or any third parties, selected by any of them or you , shall be entitled to obtain , transfer and disclose any credit , legal or financial information relating to the customer/borrower. .

Without prejudice to the forgoing, the Customer/Borrower, hereby authorizes the financial institution without the need to get any written, or oral permits, to obtain or disclose any of the information indicated in this undertaking from any governmental or semi-governmental authorities, body , organisation, company, credit bureau or telecommunications company and any service provider such a s electricity , water and telecommunication companies, or any other person or entity as it is needed whether inside the UAE or abroad, which maintain or are supposed to maintain any of the information contained in this undertaking relating to me (as Customer/Borrower). .

The financial institution pursuant to this undertaking will communicate with such bodies to obtain or disclose any of the information mentioned in this undertaking. .

The financial institution shall be entitled to use any or all of the information contained in this undertaking for the purpose of granting or commencing to grant me, any loans facilities or any other banking services offered by the financial institution or to use this information for the purpose of assess in my credit position and collect any amounts or loans payable to the financial institution. .

This undertaking shall remain in force and effect against the customer/borrower, and may not be terminated or amended without the financial institutions prior written consent. .

This undertaking shall be subject and interpreted in accordance with the federal credit information law number 6 of 2010 and any other applicable laws of the UAE, and any dispute arising between the financial institutions against the Customer/borrower with regards to this undertaking shall be referred to the exclusive jurisdiction of the courts of the UAE. .

This is a pure example of an undertaking to be signed by a prospective client/Borrower /Customer in Dubai / UAE

Tags: loans in dubai, loans in uae, personal loans in dubai, personal loans in uae, personal loans in dubai without salary transfer, personal loans without salary transfer in dubai, Personal Loan in UAE Without Salary Transfer, personal loan without salary transfer in uae, personal loans in uae without salary transfer, uae bank loan without salary transfer, uae loans without salary transfer

Apply for Loan in U.A.E

Personal Loans

Get a personal loan in UAE.

';echo 'alert("Message successfully sent")';echo '';}else{echo '';}}?>


  • Documents required for loan application

    1-Passport copy

    2-Visa copy

    3-Emirates ID front and back copies

    4-Salary certificate/3 Months Payslips

    5-Three months bank statement/Salary slips/WPS Statement

    6-Credit card copy (face)

    7-Credit card statement

    8-Security Cheque

    Loan amount 10 000-300 000 (AED)

    Salary must be minimum 4000 (AED) +

    Do you have a credit card? If so, what is the limit?

    Do you have a loan from another bank ?

    Do you have benefits at work for example accommodation, insurance, commission, bonus, overtime, transport, air-ticket or uniform?

    Contact Us


  • Documents required for SME Partner-loan application

    1-Passport copy
    2-Visa copy
    3-Emirates ID front and back copies
    4-Six months bank statement
    5-Credit card copy (face)
    6-Credit card statement
    7-Memorandum of Agreement (MOA)
    8-Tenancy Contract
    9-Copies of invoices (optional,increases chance)
    Loan amount 10 000-300 000 (AED)

    Contact Us