Here are some of the best practices that will help you build your credit score:-
Both personal loans and credit card loans are a convenient means to obtain quick fund for all types of financial needs. However, the suitability may differ according to your individual requirements.
A Personal Loan is an appropriate choice if:-
A Credit Card Loan is the appropriate choice if:-
As you can see, the suitability of both the loans depends on your individual needs. Citibank offers both credit card loans and personal loans in UAE. All you need to do is, consider your financial needs carefully and make the appropriate choice.
Opening a bank account is one of the most convenient ways to manage your money as well as getting loans. If you are planning to opt for a personal loan, having a bank account can be a great convenience.
Smooth transactions - If you have a bank account, making your monthly loan payments becomes very simple and quick.
Save Money – Banks offer you an interest rate when you open a savings account. The interest helps the money to grow over time.
Convenience – It makes your life easier as you can carry our transactions easily. When need of cash, you can get from ATMs.
Online Banking – One of the big benefits is you can carry out any number of transactions from anywhere using mobiles, tablets, laptops or any other device. Most banks offer online banking and mobile banking facilities.
Easy approval - When it comes to loan approvals, most banks tend to favour those customers who already have a bank account with them.
Hence if you want to opt for a personal loan, make sure to open a savings account or a current account with the bank you are planning to take the loan from.
An education loan or student loan may seem like a straightforward choice when you require them for funding education. However, education loans have certain eligibility requirements such as you must fund 15% of the expenses or apply for specific courses and colleges only or pursue a full-time education. Hence, if you find yourself facing such hurdles with an education loan or other bank loans, a personal loan is a great way to secure 100% funding for your educational needs. Personal loans require minimal paperwork and processing time and hence are a great option to secure funds for your educational needs without any hassles. Apply for a personal loan in UAE with Citibank and fulfil your dreams effortlessly.
The views expressed here are those of the authors and do not necessarily represent or reflect the views of Citibank UAE
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