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A Buyout Loan in UAE, also known as a debt consolidation loan, allows borrowers to combine multiple existing loans and credit card debts into a single new loan with one easy monthly payment. This helps reduce financial stress, lower overall interest costs, and simplify money management.
Many UAE banks offer buyout loans with attractive rates and flexible repayment terms to help customers manage debts more efficiently. By choosing a buyout loan, you can close multiple liabilities and benefit from a single, manageable installment, often at a better rate. It’s a smart option for those who want to regain control of their finances.
A Buyout Loan in the UAE — often called a debt consolidation loan — offers a smart way to manage multiple debts by combining them into one easy monthly payment. This reduces your stress and helps you keep track of your finances more easily.
With a buyout loan, you can often secure a lower interest rate compared to credit cards or other high-interest loans, saving money every month. Banks may also offer flexible repayment terms that suit your budget and financial goals.
If you want to simplify your life, reduce your debt burden, and save on interest, a buyout loan in UAE could be the ideal solution for regaining financial control.
List your current loans, credit card debts, and outstanding balances. Collect statements and settlement letters to determine the total amount you wish to consolidate.
Submit your buyout loan application with required documents like salary certificate, bank statements, liability letters, and proof of existing debts to the new bank.
Once approved, the new bank settles your existing loans directly by paying off other banks or lenders on your behalf, closing old accounts.
After settlement, you repay only your new buyout loan with one simple installment each month, often at a lower rate and with clearer terms.
Compare leading UAE banks that provide debt consolidation or buyout loans. Enjoy easy settlement of old debts, lower interest rates, and convenient repayment plans.
| Bank | Max Buyout Amount | Interest Rate (p.a.) | Repayment Period | Processing Fee | Key Benefits |
|---|---|---|---|---|---|
| Emirates NBD | Up to AED 1,500,000 | From 3.19% | Up to 48 months | Up to 1% | Quick debt settlement |
| ADCB | Up to AED 2,000,000 | From 3.49% | Up to 48 months | Up to 1% | No hidden charges |
| Mashreq Bank | Up to AED 1,000,000 | From 3.25% | Up to 48 months | Up to 1% | Flexible settlement terms |
| RAKBANK | Up to AED 750,000 | From 3.5% | Up to 48 months | Up to 1.5% | Fast approval process |
| FAB | Up to AED 2,000,000 | From 3.29% | Up to 48 months | Up to 1% | Lower overall cost |
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