Personal Loan Provided By ADCB Bank

ADCB Personal Loan Details
Minimum Salary AED 5000 - AED 10000 per month (depends on the nationality and type of loan)
Interest Rates Flat rate: 2.75% - 7.71% | Reducing rate: 4.99% - 14%
Maximum Loan Amount AED 150K - AED 4000K(depends on the nationality and type of loan)
Early Settlement Fees 1% of the outstanding amount
Arrangement Fees 1% of the approved loan amount
Tenure 12 - 48 months
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)

Features of ADCB Personal Loan

  • Personal loan can be availed of up to AED 1,500,000.

  • Maximum tenure of loan can be 48 months.

  • Minimum salary required is AED 5,000.

  • Salary transfer is mandatory.

  • Flat and reducing interest rates are available

  • The processing fee is 1% of the loan amount (Min. AED 500 and Max. AED 2,500).

  • You can reschedule the loan for a fee of AED 250.

  • Instalments can be deferred for AED 100 per deferment.

  • The bank offers a free ADCB credit card along with the loan.

  • UAE National are offered three times salary overdraft while expats are offered two times salary overdraft.

  • Consolidation of loans is available.

  • Instant Personal loan helps you apply online and receive funds in your account within seconds.

Among the plethora of products offered by ADCB, they offer three kinds of personal loans.

  • Personal Loan for UAE Nationals

  • Personal Loan for expatriates

  • Instant Personal loan

ADCB Bank Personal Loan Interest rates

10 Personal Loan Provided By ADCB Bank

Islamic Banking Personal Finance For UAE Nationals

Minimum Salary

AED 10K

Flat Rate

2.75%

Reducing Rate

4.99%

Loan Amount

AED 4000K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 10K

Minimum Salary

2.75%

Flat Rate

4.99%

Reducing Rate

AED 4000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Personal Loan for UAE Nationals

Minimum Salary

AED 10K

Flat Rate

2.75%

Reducing Rate

4.99%

Loan Amount

AED 4000K

Early Settlement Fee

1%

Arrangement Fee

0.75%

AED 10K

Minimum Salary

2.75%

Flat Rate

4.99%

Reducing Rate

AED 4000K

Loan Amount

1%

Early Settlement Fee

0.75%

Arrangement Fee

Salam Personal Finance for Expats

Minimum Salary

AED 5K

Flat Rate

3.45%

Reducing Rate

6.25%

Loan Amount

AED 1500K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 5K

Minimum Salary

3.45%

Flat Rate

6.25%

Reducing Rate

AED 1500K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Personal Loan for Expats

Minimum Salary

AED 5K

Flat Rate

3.45%

Reducing Rate

6.25%

Loan Amount

AED 1500K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 5K

Minimum Salary

3.45%

Flat Rate

6.25%

Reducing Rate

AED 1500K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Education Loan

Minimum Salary

AED 8K

Flat Rate

5.51%

Reducing Rate

10%

Loan Amount

AED 250K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 8K

Minimum Salary

5.51%

Flat Rate

10%

Reducing Rate

AED 250K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Education Finance

Minimum Salary

AED 8K

Flat Rate

5.51%

Reducing Rate

10%

Loan Amount

AED 250K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 8K

Minimum Salary

5.51%

Flat Rate

10%

Reducing Rate

AED 250K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Smart Finance

Minimum Salary

AED 5K

Flat Rate

5.51%

Reducing Rate

10%

Loan Amount

AED 200K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 5K

Minimum Salary

5.51%

Flat Rate

10%

Reducing Rate

AED 200K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Smart Loan

Minimum Salary

AED 8K

Flat Rate

5.51%

Reducing Rate

10%

Loan Amount

AED 150K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 8K

Minimum Salary

5.51%

Flat Rate

10%

Reducing Rate

AED 150K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Rental Finance

Minimum Salary

AED 6K

Flat Rate

7.71%

Reducing Rate

14%

Loan Amount

AED 150K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 6K

Minimum Salary

7.71%

Flat Rate

14%

Reducing Rate

AED 150K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Rental Loan

Minimum Salary

AED 6K

Flat Rate

7.71%

Reducing Rate

14%

Loan Amount

AED 150K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 6K

Minimum Salary

7.71%

Flat Rate

14%

Reducing Rate

AED 150K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Eligibility Criteria of ADCB Personal Loan

Check here for the Eligibility Criteria of ADCB Personal Loan

Frequently Asked Questions

Q. How much will processing fees be charged?

A. 1% of the total loan amount approved will be charged as processing fees.

Q. Everyone is eligible for a free credit life insurance?

A. Yes, both expats and UAE nationals get free credit life insurance on a personal loan.

Q. Do everyone get free ADCB Credit card?

A. Yes, both expats and UAE nationals get free ADCB credit card on a personal loan.

Q. What is the maximum tenure provided for a personal loan?

A. ADCB provides the maximum tenure of 6 years.

Q. How much is insurance fee charged?

A. 0.5%-1% of insurance fee is charged which depends on the nationality and customers privileges.

Q. Is debt consolidation facility available?

A. Yes, you can avail debt consolidation facility.

Q. Can I apply for a personal loan online?

A. Yes, ADCB provides instant personal loan facility where one can apply for a personal loan online.

Q. Are expats eligible for an instant personal loan?

A. Yes, Both UAE nationals and expats are eligible for an instant personal loan.

About ADCB Bank

Abu Dhabi Commercial Bank (ADCB), features in the Forbes list of top 1000 biggest public companies. It provides retail, commercial, Islamic banking and other financial services to people. Founded in 1985 and headquartered in Abu Dhabi, UAE, the bank operates on five strategic pillars:

  • UAE-centric approach with controlled internationalization
  • Sustainability through growth of liabilities
  • Culture of efficiency and service excellence
  • Follow a pre-defined risk strategy
  • Focuses on staff

ADCB offers three categories of services:

  • Aspire
  • Privilege Club
  • Excellency

The services and charges vary depending on the category in which you choose to bank with them.