When it comes to the personal loan facility so, everyone believes in the banking system of UAE due to its amazing financial structure. The bank is such an institution that can give any financial product to anyone on specific terms and conditions. These terms and conditions are of several types for different individuals. For example, for the residents of the UAE, these rules are different and for non-residents, there are also separate rules. Similarly, the rules for the listed companies of UAE are changed and the rules for the non-listed companies are also different.
Now the question is, what is the main concept behind the listed and none listed companies in UAE? Especially, the concept behind personal loan for non-listed companies in UAE. So, this is the main topic of our today’s discussion and all the relevant data about this topic is entirely researched based. you will know about the basics of listed and Non-listed companies with the differentiation and its relation with a personal loan. You will also come to know about the various features and characteristics related to these companies.
The basic concept behind personal loan and non-listed companies is based on some important factors. Such important factors are those that can maintain the market value of every company. If the company contains a good market value with good strength of workers and heavy demand in the market. It will be added to the bank’s loan list automatically without any effort. Similarly, the concept behind personal loan for non-listed companies is opposite to listed firms.
If the company is not on the list of the bank due to its low reputation and low market value. So banks will not give a personal loan to such a company. Due to this reason, such non-listed companies will apply through formal loan application means and they will be not treated as special firms. In simple words, the bank will not give that firm a special protocol and various special rewards plus benefits equally with a listed company. A non-listed company can get a personal loan without special favor. Now the non-listed company will be eligible for a personal loan if the firm is falling into the eligibility criteria of the bank.
Listed companies are famous due to their heavy revenue-generating capacity at the end of the year and even at the end of the month.
Non-listed companies are those that are not able to generate good revenue at the end of the year.
Listed companies comprise a high labor force and these companies can easily manage the wages of the laborers also each month.
On the other hand, non-listed firms can not handle the high labor force demand and their wages due to less working capacity.
When a company is on the list of bank’s loan, that means the production of that company is impressive and good. But if a company is not on the bank’s loan list, it means their production value is also not good with many other factors. Such a firm can’t complete the target of producing required items on time.
Listed firms are those that maintain the demand and needs of the market within a prescribed time. And the customers are very much satisfied with the products of such company. When it comes to the personal loan for non-listed companies, the non-listed company can not meet the needs and exact demands of the customers. That firm can not handle the market needs also, thus it will not be able to add to the bank’s list.
A listed company is maintaining a good market value in the financial market and is known as one of the most famous firms in the UAE. But the non-listed firm on the other hand is not attaining good market value in the financial market due to several factors. Therefore it will not be included in the bank’s list of personal loan.
Multiple advantages can avail non-listed companies with the personal loan facility. Different types of insurance and several kinds of credit card facilities are at the top of the list. There can be additional things are also involved that can be beneficial, not only for citizens of UAE but for the expats also. To get more information, you should visit the online available web pages or sites that are specifically made for the employees of non-listed companies. So, those people who are looking for a personal loan from non-listed companies can take advantage of these sites. Via these sites, they can easily check the status of their company about a personal loan.
The method of calculation for the personal loan about non-listed companies is as simple as the common addition subtraction calculations. The basic things are personal loan amount, the rate of interest, and the total time given by banks to non-listed companies. All these things are the basics that you should know. The next step is to go to the online website where you will find the calculation tool. Add these three basic values into the calculator and press the button “calculate” at the end. You will get the value of the EMI of your loan that you will pay each month regularly.
If you want to know about your company’s recent status regarding listing or non-listing. So, there are a few basic ways through which you can attain the information. The first way is simple, you just have to contact the HR department of the bank or talk with the management of the bank. Tell them your purpose of contact or call, they will cooperate with you and tell you the status of your company after checking. Another way is the online way, through this way you can get your firm status by yourself through online source.
Arrange your relevant essential documents including the copies. If you are an outsider doing the job at a non-listed company and want to apply for a personal loan, so you must come along with your visa and passport. Bring the photocopies of your visa passport also with two passport-size recent photographs. Your salary certificate will be also involve in important documents.
Your credit history plays a very crucial role when getting a personal loan. if you belongs to a non-listed firm so the bank will surely check your history of credit. your few months old bank statements are also involved, the bank will investigate your clear credit history after that you will get the approval for the personal loan for non-listed companies.
Bring every license you have with you, for example, if you have a trading licensee or a driving license, so bring it along with you.
Without your CNIC no bank will allow you to take a personal loan. So arrange it first.