Are you planning to apply for a credit card or loan in the UAE? If so, it’s a complicated process. But what makes it easier is having a good credit score! A credit score is a 3-digit number between 300 and 900 that evaluates your creditworthiness. A good credit score will make you seem more reliable to creditors. For instance, the closer a candidate is to the minimum credit score for a credit card in UAE, the more likely the application will be rejected. That’s why it’s important to know how to check your credit score in the UAE. Without a good score, it can be very challenging to get a line of credit. Who Issues Credit Scores In The UAE? The AECB (Al Etihad Credit Bureau) is the credit bureau that keeps a tab on all your monetary dealings in the UAE. It assesses and analyses a variety of financial data to create a report or score that gives other institutions a good idea of how likely you are to fulfill financial obligations. The AECB, which used to issue credit reports, recently launched a more advanced version of credit reporting known as credit scoring. With the help of credit scores, financial institutions can make faster, more informed decisions about an individual’s applications. How Do I Access My Credit Score? You can request a credit report or credit score online. Simply log onto the AECB website or click on this link and download it from there. You can also download your credit score by installing the AECB app. It’s available for free on Google Play and App Store. Either way, you will need to register your personal details, provide your Emirates ID, passport number, possibly other identification documents, and a request form. Once the payment is complete, you will receive the details within 30 minutes via email. How Much Does The Credit Score Cost? You cannot check your score or report for free in UAE. The usual fees charged by AECG are: Dh 31.50 for a credit score Dh 84 for a credit report Dh 105 for a credit report and credit score Payments can be made using a credit, debit, or eDirham cards. What If I Am A Business Owner? The AECB also provides a credit analysis for companies operating in the UAE. Like a credit score, a commercial credit score is essential for banks to approve loans for businesses. To acquire a commercial credit score, you must provide: The original, valid trade license The original valid emirates id card of the business owner or the authorized signatory The articles of association of the firm A valid email address A letter of request for a credit score signed by the manager, owner, or business partner. An authorized bank must also sign the application. The payment for a commercial credit score (costs is DH 220) Final Thoughts Now that you know how to access your credit score in UAE, you can quickly acquire a loan or credit card. No bank in the UAE will process an application without a credit score.