1. Loan Application & Approval Policy Transparency. Trust. Tailored Solutions.
At GSB Private Finance, we ensure a seamless and fair loan application process for UAE residents and businesses.
Eligibility Criteria:
Personal Loans: Starting from AED 5,000 (subject to eligibility)
Minimum salary: AED 5,000/month (for salaried individuals)
Valid UAE residency visa & Emirates ID
Credit score review (aligned with UAE Central Bank standards)
Process:
Submit Application: Online via our secure portal or in-branch
Documentation: Emirates ID, salary slips/bank statements, and proof of residency
Approval Timeline: 24–48 hours for complete applications
Loan Terms:
Competitive interest rates (6%–15% APR, based on credit profile)
Flexible repayment tenure (3–48 months)
We comply with UAE’s Consumer Protection Regulations to ensure fairness
2. Interest Rate & Fee Policy No Hidden Charges. Full Compliance.
Interest Rates:
Determined by loan type, creditworthiness, and UAE market conditions
Fixed rates for predictability
Fees:
Processing Fee: 1% of loan amount (capped at AED 2,000)
Early Settlement Fee: 1% of outstanding amount (if repaid early)
Late Payment Fee: AED 100 + 1% monthly interest (after 7-day grace period)
Example: For a AED 20,000 loan at 10% APR over 24 months
Total Interest: AED 2,000
Processing Fee: AED 200
All fees comply with UAE Central Bank Circulars No. 24/2020
3. Privacy & Data Security Policy Your Data. Protected Under UAE Law.
We Collect:
Identity proof (Emirates ID/passport)
Financial documents (bank statements/salary certificates)
Contact details
How We Protect It:
Encryption: AES-256 for all digital data
Access Control: Strict internal protocols
Audits: Annual penetration testing
Your Rights (Under DIFC/ADGM DP Laws):
Request data access/correction
Opt out of marketing communications
We never sell data to third parties

4. Repayment & Default Policy Flexible. Fair. For Your Convenience.
Repayment Options:
Auto-Debit: Link your UAE bank account
Manual Payment: Via bank transfer/cheque
Consequences of Default:
Grace Period: 7 days (no penalties)
Late Fees: As per UAE Central Bank guidelines
Legal Action: Only after 90+ days of non-payment (per UAE Civil Code)
We work with borrowers to restructure payments during financial hardship