UAE is a combination of cultural variations and consists of huge vitalities of different people that come here for some reason. It’s a region of multi-dimensional people that are living here together and sharing their own civilizations. Even you will see many shops, restaurants, and malls here that are owned by several owners other than Arabs. All those owners belong to Pakistan, India, Africa, Malaysia, and other countries of the world. Because of a huge variety of communities that are working together, all owners provide good employment opportunities. All these people are known as expatriates or expats because they belong to another country and doing their business here.
Similarly, other people like students and job holders are also involved in this expat category and they also work with numerous UAE companies. All these expats have attached to the banking sector also and maintain their accounts with banks in UAE. Most of them ask about the best banks expats in UAE because they want to open some kind of account here. Similarly, they may want to take a loan from banks and they may try to get insurance policies. This article helps them out and all doubts will be clear in their mind after reading this.
What banks are best and suitable for expats in UAE?
As an expat everyone wants a bank that can give the reliable and trustworthy services of UAE. For such purposes, expatriates try to find out such amazing banks within the boundary of the UAE. They usually use internet sources to find out the best banks that are suitable for them. Especially if the expats are job holders, they search for the banks that are giving services at low-interest rates with long-term installment duration. Similarly, most of them try to search the Islamic banks based on sharia laws, so they like to select the best bank according to their specific needs. Let’s discuss the most popular banks that are suitable for the expats of UAE. The names of those best banks expats in UAE and the best bank Dubai are as mentioned below:-
- Mashreq bank
- Dubai Islamic bank (DIB)
- Emirates NBD
- Abu Dhabi Commercial Bank
- Abu Dhabi Islamic Bank
- Standard Chartered Bank
Financial services that expats can get via these best banks in UAE
This is the most common and popular financial service that any expat can avail themselves within the UAE. Bank will give them the most authentic and best loan assistance to give them relief in their difficult life. Loans can be of many kinds, for example, expats can take a personal loan to sort out their private issues. Likewise, they can get a business loan in UAE to increase business, auto loans for taking new car, and home loans to get their home. Even they can get instant loans and online loan facilities from such banks also. This means you can get a loan in an emergency also and get a loan through online sources while sitting at home.
Account opening services
Another type of service that can get the expat related to the best bank is the account opening service. Whether you are new to this country or living for many years as an expat citizen, no worries at all. Because now the account opening is so much easy with these banks, their requirements and regulations are also very reasonable. Expats can take this opportunity with satisfaction and can maintain their all accounts easily and safely. The two major accounts that expats can open within banks are the current account and savings account.
Credit cards services
This service is also always available for expats with bank loans in UAE they can avail of several types of credit cards. Through these credit cards, they can get many facilities including a complete package of entertainment. They can also get cashback, discounts, and much more exciting offers by making purchases with these credit cards. The most famous cards are formal or simple cashback credit cards and top-class cards are the world, platinum, and titanium credit cards. You can get many other assistance facilities with these cards like roadside assistance, urgent cash delivery, etc. You will receive good credit points if you maintain the credit card very well.
Many other financial services or products are specifically designed according to the needs of expats in the UAE. In these services, many products are included like insurance policies, various investment plans, retirement policies, pension plans, etc. All mentioned products of the best bank expats in UAE consist of special requirements and you can get such products according to those demands. Banks will also ask about your documents that must be attached to the form or application. Mostly these documents include ID, passport, visa, trade slips, licenses of trade and driving, bank statements, credit history slips, etc.