How to Check Credit Score in the UAE: A Complete Guide

Your credit score plays a crucial role in determining your financial standing in the UAE. It is a three-digit number that reflects your ability to manage credit and debt responsibly. Whether you’re applying for a loan, credit card, or even a rental property, your credit score can impact the outcome. Knowing your credit score can help you better manage your finances and plan for future financial decisions.

In this guide, we’ll explain how you can check credit score in UAE, the importance of maintaining a good score, and the steps you can take to monitor your financial health.

What is a Credit Score?

A credit score is a numerical representation of your creditworthiness, typically ranging from 300 to 900. The higher your score, the better your creditworthiness. A strong credit score shows lenders that you are reliable when it comes to repaying loans or managing credit cards.

In the UAE, credit scores are provided by Al Etihad Credit Bureau (AECB), the official government agency responsible for collecting and maintaining credit data on individuals and businesses.

Why is Your Credit Score Important?

Your credit score is used by:

• Banks: When you apply for a loan or credit card, banks assess your credit score to determine your eligibility.

Top 5 Banks Offering Credit Cards for Salaries Up to AED 5000 in the UAE

• Landlords: Some landlords may check your credit score before approving a rental application.
• Telecom companies: Your credit score may also be checked when signing up for postpaid mobile or internet services.

A high credit score improves your chances of getting approved for financial products, often at better interest rates and terms.

How to Check Credit Score in the UAE

Checking your credit score in the UAE is a simple process that can be done through Al Etihad Credit Bureau (AECB). There are both online and offline methods available.

1. Check Credit Score Online

The most convenient way to check your credit score is via the AECB website or mobile app. Here’s how you can do it:

Step 1: Visit the AECB Website or Download the App

• Go to the Al Etihad Credit Bureau website at www.aecb.gov.ae.
• Alternatively, download the AECB app from the App Store (iOS) or Google Play Store (Android).

Step 2: Create an Account

• If you’re a new user, you’ll need to create an account by entering your Emirates ID and other personal details.
• Existing users can log in with their credentials.

Step 3: Request Your Credit Score

• After logging in, navigate to the section where you can request your credit score.
• The system may ask for additional information such as passport number, mobile number, and email for verification purposes.

Step 4: Pay the Fee

• Checking your credit score is not free. There is a fee of AED 31.50 (including VAT) for individuals to check their score.
• You can pay this fee online using credit/debit cards.

Step 5: View and Download Your Credit Score

• Once payment is complete, you will have immediate access to your credit report, which includes your credit score.
• You can download and save the report for future reference.

2. Check Your Credit Score Offline

If you prefer to check your credit score in person, you can visit the AECB customer service centers in the UAE. Here’s how:

Step 1: Visit an AECB Office

• Find your nearest Al Etihad Credit Bureau branch. Offices are located in major cities such as Dubai and Abu Dhabi.

Step 2: Bring Required Documents

• Carry your Emirates ID and passport for identity verification.
• You may also need to provide your mobile number and email address.

Step 3: Pay the Fee

• You can pay the AED 31.50 fee in cash or via credit/debit card.

Step 4: Receive Your Credit Score

• Once your identity is verified and payment is made, you will receive your credit report along with your credit score.

What Does Your Credit Score Mean?

Your credit score will typically fall into one of the following ranges:

• 300 to 500: Poor – Lenders may see you as high-risk, and it may be difficult to secure credit.
• 501 to 650: Fair – You may get approved for loans or credit cards, but the terms may not be favorable.
• 651 to 750: Good – You are considered creditworthy, and lenders are likely to approve credit with favorable terms.
• 751 and above Excellent – You are considered very low-risk, and you are more likely to receive the best rates and terms for loans and credit.

Tips to Improve Your Credit Score

A good credit score can open doors to better financial opportunities. Here are some tips to improve and maintain a healthy credit score in the UAE:

1. Pay Bills on Time: Late payments negatively impact your score. Always pay credit card bills, loan EMIs, and utility bills before the due date.
2. Reduce Outstanding Debt: Try to keep your credit card balances low and avoid maxing out your cards.
3. Limit New Credit Applications: Applying for too many loans or credit cards within a short period can lower your score.
4. Check Your Credit Report Regularly: Regularly monitoring your credit report helps you spot any errors or inaccuracies that could be affecting your score.
5. Maintain Old Accounts: Closing old credit card accounts can reduce your credit history length, which can negatively affect your score.

Conclusion

Maintaining a good credit score is vital for your financial success in the UAE. By checking your score regularly through Al Etihad Credit Bureau, you can stay informed about your creditworthiness and take steps to improve it if necessary. Whether you’re applying for a loan, or credit card, or just monitoring your financial health, knowing your credit score is key.

Stay financially responsible, monitor your credit score periodically, and take proactive steps to maintain or improve it.