ADCB Smart Finance

Zero Balance Free account
adcb Bank

WarningMessage This product is valid by the Bank

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

Features

  • Repayment period is up to 4 years
  • Both UAE Nationals and Expats can apply for this scheme
  • The loan is provided for a interest rate of 10%
  • Minimum salary of AED 5,000 is required
  • The reduction rate and the flat rate is 10% and 5.51%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 200,000
  • Early settlement fee is 1% of finance amount
  • Takaful fee is 1% of the finance amount
  • Arrangement fee is 1% of the loan amount

Benefits

  • For every AED 1000 of your insurance amount can earn ADCB TouchPoints
  • Documentation is simple
  • High finance amount is offered
  • Takaful insurance is provided free with the scheme

Frequently Asked Questions

Q. What is the eligibility criteria to apply for ADCB personal loan?

A. You need to be minimum 21 years and maximum 60 years to be eligible for ADCB personal loan.

Q. Who all can get ADCB personal loan?

A. Salaried and self-employed individuals living in UAE can avail ADCB personal loan.

Q. What is the Takaful fee for this finance?

A. The Takaful fee for this finance is 0.75% of loan amount.

Q. How can I update mobile number and email address in my personal loan application?

A. You may update your account or application by calling ADCB on toll free number 600502030.

Q. When can I start making my monthly repayments?

A. Monthly repayments on your loan is due one month later from the date of outlay.

Q. Does ADCB bank permit takeover of loan?

A. Takeover of loan is permitted by ADCB bank but only on the bank's permission .

ADCB

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.