We specialize in Debt Consolidation and Case Resolutions to help individuals regain financial control with ease and confidence. Our team negotiates with creditors to combine multiple debts into one manageable payment plan. We tailor solutions that reduce interest rates, stop legal actions, and protect your credit profile. Let us simplify your debt journey with expert, confidential support every step of the way.

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Process for Debt Consolidation

1. Eligibility Check

• Minimum Income: Usually AED 10,000/month for expats, AED 5,000/month for UAE nationals

• Credit Score: Evaluated through Al Etihad Credit Bureau (AECB)

• Existing Debts: Must have multiple outstanding debts (credit cards, personal loans, car loans, etc.) to consolidate

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2. Assess Your Debt Situation

• List all outstanding debts including balances, interest rates, monthly payments, and due dates

• Evaluate monthly payment affordability; consolidation can reduce monthly installments by extending tenure or lowering interest

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3. Research Lenders & Loan Options

• Compare banks for interest rates, repayment terms, and flexibility

• Loan amount should not exceed total outstanding debt

• Consider fixed vs. variable interest rates

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4. Loan Application

• Submit your application with all required documents (see below)

• Clarify loan amount, interest rate, repayment term, and fees

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5. Review and Approval

• Bank reviews your income, credit score, and existing debts

• Debt eligibility for consolidation is assessed

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6. Offer and Loan Agreement

• Receive loan offer detailing amount, rate, repayment terms, and fees

• Review terms carefully to ensure all debts are included

• Sign loan agreement to finalize

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7. Disbursement of Funds

• Bank pays creditors directly or disburses funds to your account per lender policy

• You then make a single monthly payment instead of multiple ones

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8. Repayment Period

• Repay loan monthly (principal + interest) as agreed

• Make timely payments to avoid penalties and credit score impact

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📄 Documentation Requirements

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For UAE Nationals

1. Emirates ID (valid copy)

2. Passport copy

3. Salary certificate confirming employment and salary

4. Bank statements (last 3–6 months)

5. Statements of outstanding debts with balances and rates

6. Credit report from AECB

7. Completed loan application form

8. Proof of residency (utility bill or rental agreement)

9. Marriage certificate (if applying jointly with spouse)

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For Expats

1. Emirates ID (valid copy)

2. Passport copy with UAE residence visa

3. Salary certificate

4. Bank statements (last 3–6 months)

5. Documentation of outstanding debts

6. Credit report from AECB

7. Completed loan application form

8. Proof of residency (tenancy contract or utility bill)

9. Marriage certificate (if applying jointly)

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Additional Documents (If Applicable)

• Trade license, financials, and tax returns (for self-employed)

• Collateral documents (if loan requires security)

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🔑 Key Considerations

• Interest Rates: Usually lower than credit cards; vary by credit score and loan term

• Loan Tenure: Typically 1 to 5 years

• Eligibility: Steady income, good credit, repayment capacity required

• Loan Amount: Matches total debt to consolidate; some lenders allow extra funds

• Fees: Processing fees, early settlement penalties, and missed payment charges may apply

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❓ Frequently Asked Questions (FAQs)

1. What debts can be consolidated?
   Credit cards, personal loans, auto loans, and unsecured debts.

2. Maximum loan amount?
   Typically covers total outstanding debts; may include extra funds.

3. How much can I save?
   Savings depend on your interest rates, loan terms, and debt size.

4. Are there early repayment fees?
   Some banks charge penalties—check loan terms carefully.

5. How long does approval take?
   Usually 3–7 business days, depending on documentation and bank process.