Personal Loan Provided By ADCB
| 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 Nationals 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.
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
10 Personal Loans Provided By ADCB
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.
Q. What are the other personal loans available?
A. You can check variouspersonal loan in UAEhere.
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.