MoneyCamel.com in Media

Personal Loan UAE

When times get tough and you need extra cash for an emergency or unplanned event, personal loans can be your best friend.

Bhambri says the low-interest regime in the market has dragged down the borrowing costs for banks, enabling them to maintain profitability even with reduced rates. “Currently, banks are also increasing loan eligibility to meet increasing customer needs,” adds Bhambri. However, before you jump on the borrowing craze, consider some tips first.

Published: Gulf News- February 24, 2013

An auto loan is a fast way to buy a car for those who don’t have all the necessary cash in hand. In the UAE, banks finance between 60 to 90 per cent of the value of the car, says Preeti Bhambri, managing director and founder of Moneycamel.com.. Borrowers can receive an auto loan — for new or used cars — within 24 hours once a purchase order is presented by the dealer, she adds.

But, no matter how exciting the prospects of a new car, buyers must make sure they can afford the monthly instalments and look for the best deal possible on financing.

Published: Gulf News- May 28,2013

“In the UAE, people tend to use a personal loan to cover expenses, [buy luxury goods that they can’t afford] or to pay their debts,” said Preeti Bhambri, managing director and founder of Moneycamel.com. “But, loans should be taken to build assets or for emergencies.”

Published: Gulf News- June 2,2013

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