ADCB Personal Loans in UAE
Check Eligibility for ADCB Personal Loan
ADCB Personal Loan Calculator
|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% - 5.51% | Reducing rate: 4.75% - 10%|
|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
Maximum personal loan that can be availed is 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. Flat rate starts from 2.75% and reducing rate starts from 4.75%.
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 Nationals are offered three times salary overdraft while expats are offered two times salary overdraft.
Consolidation of loans is available.
Instant Personal loan option is provided which helps you apply online and receive funds in your account within seconds.
Eligibility Criteria of ADCB Personal Loan
- Minimum salary AED 5000 is required
- UAE Residents of 21-65 yrs are eligible
- Both self-employed and salaried individuals are eligible
Check here for the Eligibility Criteria of ADCB Personal Loan
Use ADCB Loan Calculator to calculate your EMI of ADCB Personal loans in UAE.
Documents Required of ADCB Personal Loan
- Salary Certificate/Salary transfer letter (Salaried individuals)
- Emirates ID
- UAE Residence Visa(For Expats)
- 3-6 months bank statements
- Address Proofs(Utility bills)
- Passport (Expats)
- Trade licence(Self employed individuals)
ADCB Personal Loan Interest rates
5 ADCB Bank Personal Loans
Frequently Asked Questions
Q. What is the eligibility criteria to apply for Abu Dhabi Commercial Bank(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 Abu Dhabi Commercial Bank(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 1.05% 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 .
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.
Q. What are the other personal loans available?
A. You can check variouspersonal loan in UAEhere.
Q. What is the minimum salary required for a personal loan in ADCB?
A. The minimum salary required for a personal loan in ADCB is AED 5000.
Q. What is the eligibility criteria for a personal loan in ADCB?
A. The eligibility criteria for a personal loan in ADCB is the applicant needs to be an UAE resident with a minimum salary of AED 5000.
Q. Do ADCB personal loan come under personal banking?
A. ADCB Personal loans are provided under personal banking facilities.
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:
- Privilege Club
The services and charges vary depending on the category in which you choose to bank with them.
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