ADCB Personal Loans in UAE
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| ADCB Personal Loan Details | |
|---|---|
| Minimum Salary | AED 5000 - AED 10000 per month (depends on the nationality and type of loan) |
| Interest Rates | Flat rate: 2.61% - 5.51% | Reducing rate: 5% - 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 the loan can be 48 months.
Minimum salary required is AED 5,000.
Salary transfer is mandatory.
Flat rate starts from 2.61% and reducing rate starts from 5%.
- 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.
Fees and Charges on the Loan
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.
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
Islamic Banking Personal Finance For UAE Nationals
Features
- Repayment period is up to 4 years
- Only UAE Nationals can apply for this scheme
- The profit rate starts at 5%
Features
- Repayment period is up to 4 years
- Only UAE Nationals can apply for this scheme
- The profit rate starts at 5%
- Minimum salary of AED 10,000 is required
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 4,000,000
- 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
- Get 300 touchpoints on every AED 1000 of the finance provided
- Documentation is simple
- High finance amount is offered
- Takaful insurance coverage is provided
- Free ADCB Islamic banking credit card is provided
- Get 50% OFF on processing fee on applying for the account through ADCB Hayyak App. Also, avail 50,000 Touchpoints on the approval.
Personal Loan for UAE Nationals
Features
- Repayment period is up to 4 years
- Only UAE Nationals can apply for this scheme
- The reduction rate and the flat rate is 5.25% and 2.89%. This denotes that the computation done was a division of the reduction rate by 1.814
Features
- Repayment period is up to 4 years
- Only UAE Nationals can apply for this scheme
- The loan is provided for a interest rate of 5.25%
- Minimum salary of AED 5000 is required
- The reduction rate and the flat rate is 5.25% and 2.89%. 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 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
Personal Loan for Expats
Features
- Repayment period is up to 4 years
- The reduction rate and the flat rate is 6% and 3.3%. This denotes that the computation done was a division of the reduction rate by 1.814
- The loan is provided for an interest rate of 6%
Features
- Repayment period is up to 4 years
- The loan is provided for an interest rate of 6%
- Minimum salary of AED 5,000 is required
- The reduction rate and the flat rate is 6% and 3.3%. 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 1,500,000
- Early settlement fee is 1.05% of the finance amount
- Arrangement fee is 1.05% 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
- Free ADCB Credit Card is provided along with this scheme
- Credit Life Insurance is provided along with this scheme
- Get 50% OFF on processing fee on applying for the account through ADCB Hayyak App. Also, avail 50,000 Touchpoints on the approval.
Salam Personal Finance for Expats
Features
- Only UAE Nationals can apply for this scheme
- Repayment period is up to 4 years
- Profit rates start from 6%
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.
Education Finance
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
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
Benefits
- Can earn touchpoints on every AED 1000 loan amount
- ADCB touchpoints can be redeemed for air miles, bill payments, restaurants, shopping and much more
- Can get ADCB credit card for free
- Can consolidate existing loans in UAE
- Provides credit life insurance
- Provides salary overdraft facility
- Provides high finance for both UAE national and expats
Frequently Asked Questions
⭐ 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.
⭐ 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.
⭐ What is the Takaful fee for this finance?
A. The Takaful fee for this finance is 1.05% of loan amount.
⭐ 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.
⭐ When can I start making my monthly repayments?
A. Monthly repayments on your loan is due one month later from the date of outlay.
⭐ Does ADCB bank permit takeover of loan?
A. Takeover of loan is permitted by ADCB bank but only on the bank's permission .
⭐ How much will processing fees be charged?
A. 1% of the total loan amount approved will be charged as processing fees.
⭐ 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.
⭐ Do everyone get free ADCB Credit Card?
A. Yes, both Expats and UAE Nationals get free ADCB Credit Card on a personal loan.
⭐ What is the maximum tenure provided for a personal loan?
A. ADCB provides the maximum tenure of 6 years.
⭐ How much is insurance fee charged?
A. 0.5%-1% of insurance fee is charged which depends on the nationality and customers privileges.
⭐ Is debt consolidation facility available?
A. Yes, you can avail debt consolidation facility.
⭐ 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.
⭐ Are Expats eligible for an instant personal loan?
A. Yes, Both UAE Nationals and Expats are eligible for an instant personal loan.
⭐ What are the other personal loans available?
A. You can check variouspersonal loan in UAEhere.
⭐ 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.
⭐ 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.
⭐ Do ADCB personal loan come under personal banking?
A. ADCB Personal loans are provided under personal banking facilities.
⭐ How do I contact ADCB customer care?
A. You can visit ADCB Customer Care page for the contact details of the bank.
⭐ Can I postpone any installment payments?
A. You can skip maximum two installments annually.
⭐ Is everyone eligible for skipping the monthly installment?
A. Only personal loan holders whose salary is being transferred to the DIB bank account are eligible to skip the mothly installments.
⭐ Is salary transfer mandatory?
A. No, DIB provides personal loan without salary transfer also. But on salary transfer DIB offers a few benefits.
⭐ How many months bank statements are required?
A. 3 months bank account statements for working individuals and 6 months statements for self-employed individuals is required.
⭐ Is there any fees charged on installment deferment?
A. If you are not eligible for payment holiday facility, then an installment deferment fee is charged.
⭐ Is the Dubai Islamic Bank personal loan in UAE provided based on the Sharia-compliant laws?
A. Yes, all the DIB personal loans are based on Sharia-compliant laws.
⭐ What are the charges on late payments?
A. AED 210 will be charged as the late payment fees.
⭐ How do I cancel my approved personal loan at DIB?
A. You can visit the branch and request for cancellation of the loan. AED 100 will be charged as cancellation fees.
⭐ Can the loan be rescheduled?
A. Yes, you can reschedule your loan by paying AED 262.50 as rescheduling charges.
⭐ Can I clear my loan amount before the end of the tenure?
A. Yes, but 1% of the outstanding loan amount is charged as early settlement fees on the loan.
⭐ What are the various personal loans available?
A. Several banks provide personal loans in UAE. You can check variouspersonal loan in UAEhere.
⭐ Are all the personal loans in Dubai are based on sharia laws?
A. No. Banks in Dubai provides personal loans based on both conventional and Islamic banking principles.
⭐ What is the interest rate charged on a personal loan in the UAE?
A. The interest rates charged on a personal loan in UAE is Flat rate from 2.19% and Reducing rate 3.99% onwards.
⭐ What will be the maximum loan amount provided?
A.The maximum loan amount that can be availed is AED 4000K.
⭐ Should my company be listed with DIB to get a loan? ?
A. Yes. The loan applicant's company must be present in dubai islamic bank listed companies to get approved for loan.
⭐ How many installments can be skipped?
A. Only up to 2 consecutive installments of a Dubai Islamic Bank Personal Loan can be skipped.
⭐ When can I avail the benefit of installment deferment?
A. DIB loan holders who are eligible for payment holiday, can skip 2 installments after making 3 payments consecutively.
⭐ How do I get in touch with DIB customer care team?
A. You can check Dubai Islamic Bank Customer Care page for the contact details.
⭐ Can high income get personal loan interest rate in UAE get reduced?
A. Though the Personal Loan interest rate in UAE depends upon the income of the loan applicant, the loan rate will be decided by the bank.
About 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.
Get in touch with ADCB Customer Care
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