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ADNIF Personal Loans in UAE
ADNIF Personal Loan Details | |
---|---|
Arrangement Fees | 1.05% of the approved loan amount |
Early Settlement Fees | 1.05% of the outstanding amount |
Maximum Loan Amount | AED 2000K |
Interest Rates | Flat rate: 2.64% | Reducing rate: 4.99% |
Minimum Salary | AED 10000 |
Age | 21 - 60 years(Expats) & 65 years(UAE Nationals) |
Tenure | 48 months |
Features of ADNIF Personal Loan
- High finance amounts
- Competitive profit rates
- Flexible repayment periods up to 48 months
Eligibility Criteria of ADNIF Personal Loan
- Available for UAE Nationals and residents
- Minimum repayment tenor of 12 months
- Minimum age 21 and maximum age 65 for UAE Nationals and 60 for non-UAE Nationals
Documents Required of ADNIF Personal Loan
- Completed & signed personal finance application form
- Salary certificate (issued within the last 30 days)
- Salary transfer letter from employer
- Bank statement for the last 3-6 months for non-salary transfer customers
- Valid Emirates ID, passport and residence Visa for non-UAE Nationals
- Any other documents deemed necessary
ADNIF Personal Loan Interest rates

1 ADNIF Bank Personal Loans
Personal Finance
Features
- UAE Nationals of age 21 to 65 can apply for this scheme and non UAE Nationals of age 21 to 60 age can apply
- Bank statement for the last 3-6 months for non-salary transfer customers
- The reduction rate and the flat rate are 6.2% and 3.29% for UAE Nationals & 7.2% and 3.85% for expats.
Features
- UAE Nationals of age 21 to 65 can apply for this scheme and non UAE Nationals of age 21 to 60 age can apply
- Bank statement for the last 3-6 months for non-salary transfer customers
- The loan is provided for UAE Nationals at an interest rate of 6.2% reducing rate and 3.29% flat rate. For Expats at an interest rate of 7.2% reducing rate and 3.85% flat rate.
- Minimum salary of AED 7,000 is required
- The reduction rate and the flat rate are 6.2% and 3.29% for UAE Nationals & 7.2% and 3.85% for expats.
- It is a requirement to transfer your salary to apply
- Finance up to AED 2,000,000 for expats and AED 5,000,000 for UAE nationals
- The early settlement fee is 1.05% of the outstanding amount to date
- Arrangement fee is 1.05% of finance amount
Benefits
- High finance amounts
- Repayment periods up to 48 months
- Available for UAE Nationals and residents
- 90 days grace period is provided for the first installment
Frequently Asked Questions
Q. Are there any fees charged for postponing my loan payment?
A. No. Postponement of loan is done for free without charging any fees.
Q. Are Salary Certificate and Salary Transfer letter both necessary to apply for this loan?
A. Yes, you need to have both to be eligible for this loan.
Q. What is the age limit needed for expats to avail the loan?
A. It’s 65 for UAE Nationals and 60 for non UAE Nationals.
Q. Which principles do Adnif follow?
A. Adnif bank follows Sharia principles in offering services.
Q. Is bank statement required for non salaried customers?
A. Yes, a bank statement of 3-6 months is essential for non salaried customers.
Q. How the early settlement fees decided?
A. It’s decided based as per UAE Central Bank policy.
Q. Who can avail Adnif bank’s personal loan?
A. UAE Nationals and residents can avail this personal loan.
Q. What’s the minimum repayment tenor offered by Adnif bank?
A. Adnif bank offers a minimum repayment tenor of 12 months.
About ADNIF
Abu Dhabi National Islamic Finance (ADNIF), is a subsidiary of National Bank of Abu Dhabi PJSC (NBAD) which is aimed to offer innovative Shariah compliant products and services to customers. It is supervised by an independent Shariah Fatwa and Supervisory Board and regulated by the UAE Central Bank. With a vision to be the Islamic finance provider of choice in UAE, ADNIF offers world class products at competitive rates.
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