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 salary requirement has also been reduced from AED15,000 to AED7,500.

From: Arabian Business