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HSBC UAE

HSBC relaxing credit terms for UAE customers

HSBC has made it easier for customers in the UAE to obtain credit cards, personal loans and mortgage by relaxing its lending criteria. New terms for HSBC Credit Card: – Minimum salary requirement to obtain credit card is now AED7,500. Salary transfer not mandatory. Previously, it was AED 15,000. – For personal loans, the minimum […]

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Banks raising loan limit in wake of credit defaults and recession

Banks in Dubai are now acting up to control losses accumulated due to easy lending policies. In the wake of expats unable to pay their loans, dumping their cars, and fleeing Dubai, banks are raising credit limits for car and home loans. Arabian Business reports Emirates NBD, the largest bank in the Middle East, has […]

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