ADCB Personal Loan Eligibility - Minimum Salary, Age, Salary Transfer

Minimum Salary

AED 5000

Reducing Rate

4.49%

Max Loan Amount

AED 1500000

Early Settlement Fee

1.05%

minimum-salary

AED 5000

Minimum Salary

4.49%

Reducing Rate

loan-amount

AED 1500000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Advantages

  • Free ADCB Credit Card
  • Free Credit life insurance
  • Salary overdraft up to 3 times

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The loan is provided for an interest rate of 4.49%
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Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this scheme
  • The loan is provided for an interest rate of 4.49%
  • Minimum salary of AED 5000 is required
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 1500000
  • Early settlement fee is 1.05% of the finance amount
  • Takaful fee is 1.05% of the finance amount
  • Arrangement fee is 1.05% of loan amount

Benefits

  • For every AED 1000 of your insurance amount can earn ADCB TouchPoints
  • Documentation is simple
  • High finance amount is offered
  • Availability of consolidation of loans
  • Free ADCB Credit Card will be provided along with this scheme
  • Free Credit Life Insurance will be provided along with this scheme
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Minimum Salary

AED 5000

Reducing Rate

6%

Max Loan Amount

AED 1500000

Early Settlement Fee

1.05%

minimum-salary

AED 5000

Minimum Salary

6%

Reducing Rate

loan-amount

AED 1500000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Features

  • Only UAE Nationals can apply for this scheme
  • Repayment period is up to 4 years
  • Profit rates start from 6%
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Features

  • Only UAE Nationals can apply for this scheme
  • Repayment period is up to 4 years
  • Profit rates start from 6%
  • Minimum salary of AED 5,000 is required
  • It is mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 1,500,000
  • Early settlement fee is 1.05% of the loan amount
  • Takaful fee is 1.05% of the finance amount
  • Arrangement fee is 1.05% of the finance amount

Benefits

  • Documentation is simple
  • High finance amount is offered
  • Takaful insurance is provided free with the scheme
  • Credit Life Insurance is provided along with this scheme
  • Get 300 touchpoints on every AED 1000 of the finance provided
  • Get 50% OFF on processing fee on applying for the account through ADCB Hayyak App. Also, avail 50,000 Touchpoints on the approval.
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Flat Rate

5.51%

Minimum Salary

AED 8000

Reducing Rate

10%

Max Loan Amount

AED 250000

Early Settlement Fee

1.05%

flat-rate

5.51%

Flat Rate

minimum-salary

AED 8000

Minimum Salary

10%

Reducing Rate

loan-amount

AED 250000

Max Loan Amount

arrangement-fee

1.05%

Arrangement Fee

Features

  • Required to submit bank statement for last 6 months
  • Only students can take this finance
  • 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
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Features

  • Required to submit bank statement for last 6 months
  • Only students can take this finance
  • The loan is provided for a interest rate of 10%
  • Minimum salary of AED 8,000 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 not mandatory to transfer your salary. However, you get a lower finance amount if salary is not transferred to the bank
  • Finance up to AED 250,000
  • Early settlement fee is 1.05% of the finance amount
  • 0.75% of the loam amount is Takaful fee
  • Arrangement fee is 1.05% of loan amount

Benefits

  • Primarily designed with high finance amounts for education loan
  • For every AED 1000 of your insurance amount can earn ADCB TouchPoints
  • This finance is available for both UAE and Abroad based institutes
  • Documentation is simple
  • Takaful Insurance will be provided along with this scheme
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Abu Dhabi Commercial Bank

ADCB provides both conventional banking and Islamic banking services in UAE. it provides personal loan with simple documentation and quick approval.

Eligibility Criteria for ADCB



UAE NationalsExpats
Minimum SalaryAED 5000AED 5000
Age21 - 65 years21 - 60 years
Salary TransferRequiredRequired


What influences Eligibility?

  • Monthly income- If your monthly income is less than AED 5000 then the bank doesn’t approve your loan.
  • Age Limit- Minimum age of 21 and maximum age of 60(Expats), 65(UAE Nationals)is mandatory.
  • Length of work- UAE Nationals without at least 3 months of duration at work and expats without minimum 6 months of work service are not eligible.
  • Credit Score- Before approving the loan your credit report will be checked and low credit score is not accepted at all.
  • Documents- Documents like Salary certificate, Passport, Emirates ID, Trade license(If Self employed) are mandatory.
    1. Salary Certificate- Salary Certificate is a mandatory document for any kind of finance as it is a proof of your work and an employment in a company. Bank can ask for a salary certificate or salary certificate letter. For an employee without a salary certificate/Salary certificate letter are not eligible for a personal loan.
    2. Emirates ID- Emirates ID is a proof to confirm your identity. Without Emirates ID banks do not approve the loan.
    3. Trade License- For the self-employed individuals trade license is a mandatory document.

Tips to improve the chances of loan approval

  • Make sure you meet the age limit.
  • Pay your current loans or credit card bills on time so that it won’t disturb your credit score.
  • Maintain all the required mandatory documents.
  • Don’t take more than required finance.
  • It is preferable to go for maximum tenures.

FAQs

⭐ What is the maximum finance provided?

A. For UAE Nationals maximum loan amount of AED 4,000,000 and for Expats AED 1,500,000 will be provided.

⭐ What are the benefits I get from the personal loan?

A. Both Emiratis and Expats get a free ADCB Credit Cardand free insurance coverage on the approval of the loan.

⭐ Is debt consolidation facility available?

A. Yes, You can consolidate all your debts.

⭐ Any Insurance cover is included with the loan?

A. Yes, free credit life insurance will be provided.

⭐ What is maximum tenure offered?

A. Maximum tenure of 48 months will be provided.
Check the list of ADCB Personal loans.

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