I will be moving to Dubai shortly and will need to take out a personal loan to pay up-front rent and vehicle costs. Couple of questions about this:
1) I understand from looking at the archive of this forum that interest rates vary on a case-by-base basis but are normally around the 10% mark, calculated on a diminishing balance. Is this correct?
2) How easy is it to arrange a personal loan within a couple of weeks of arriving - i.e. before residence visa is completed - assuming that I have a letter from my employer stating my salary? I've heard that it can be easier/cheaper if you get the loan from your employer's bank, is that right?