Anyone applies for a loan at least one time within their existence. But it is maybe not guaranteed your application for the loan may get recognized. Most of the loan applications when you look at the UAE becomes refused only owed in order to the lowest credit score. Money instead a credit rating register UAE is not effortless.

It’s well known you to definitely Financial institutions in the UAE browse the applicant’s credit rating consequently they are quite style of about the applicant’s borrowing get. It agree a loan application on condition that the financing score was a good i.age the fresh get can be over 580 to have recognized. High the credit get, large the likelihood of loan recognition.

Why do banking companies take a look at credit rating?

Ahead of granting loan finance companies carry out look at the Al Etihad Borrowing from the bank Bureau (AECB) Credit report. The financing declaration available with AECB possess most of the monetary pointers out of a candidate straight from the prior and you can existing financing, the amount of handmade cards, monthly money, therefore the credit score. Continue Reading →