Personal Loan Provided By CBI
Check Eligibility for CBI Personal Loan
CBI Personal Loan Calculator
|CBI Personal Loan Details|
|Minimum Salary||AED 8000 - AED 35000 per month (depends on the nationality and type of loan)|
|Interest Rates||Flat rate: 2.61% | Reducing rate: 4.75%|
|Maximum Loan Amount||AED 1000K|
|Early Settlement Fees||1% of the outstanding amount|
|Arrangement Fees||1% of the approved loan amount|
|Age||21 - 60 years(Expats) & 65 years(UAE Nationals)|
Features of CBI Personal Loan
The salient features of the personal loans offered by CBI are:
- Maximum loan amount of up to AED 500,000 or up to 20 times the multiple of your salary
- Get a credit card free for life with the loan
- Flat and reducing interest rate options are available
- Simple and fast application processing with minimal documentation required
- Interest rates are amongst the lowest in the industry.
- Processing fee : 1% of the amount availed (Min. AED 500 and Max. AED 2500)
- Penal charges for late payment : 2% of the repayment amount (Min. AED 50 and Max. AED 200)
- Deferring of instalment : AED 100 per deferment
- Early settlement of loan : 1% of the balance
- Rescheduling of loan : AED 250
- Cancellation of loan : AED 100
Fees and Charges
Documents Required of CBI Personal Loan
- Completed application form.
- A copy of valid passport with valid UAE residence visa for Expatriates (original required for verification).
- A copy of a valid Emirates ID.
- Last 3 months bank statement.
- Salary transfer letter.
- Liability or clearance letter (for buyout cases).
- Original salary certificate.
CBI Personal Loan Interest rates
2 CBI Bank Personal Loans
Frequently Asked Questions
⭐ Are there any other personal loans provided?
A. Yes, there are various personal loans provided. You can check otherpersonal loan in UAEhere.
⭐ Can I avail Insurance coverage on this personal loan?
A. Yes. Insurance coverage can be obtained with this personal loan.
⭐ What’s the loan amount provided for self-employed professionals?
A. Maximum loan amount of AED 500,000 can availed by self-employed professionals.
⭐ Can I apply for this loan without original salary certificate?
A. No. Original salary certificate is mandatory to acquire loan from CBI.
⭐ Who can get CBI personal loan?
A. UAE nationals and expats can get CBI personal loan.
⭐ What are the benefits provided by this loan?
A. Customer can benefit a free credit card, loan amount that suits his requirements, insurance coverage, maximum amount that’s 20 times his salary.
⭐ Is salary transfer letter mandatory for this loan?
A. Yes. Salary transfer letter is mandatory for CBI personal loan
⭐ Is there any processing fees for CBI personal loan?
A. Yes, 1% of the loan amount is charged as processing fees.
⭐ What is the minimum salary required for a CBI personal loan?
A.The minimum salary required for a personal loan in CBI is AED 8000.
⭐ What is the eligibility criteria for a personal loan in CBI?
A. The eligibility criteria for a personal loan in CBI is the applicant needs to be UAE resident and have a minimum income of AED 8000.
⭐ What are the interest rates charged on a personal loan in CBI?
A. The interest rates charged on a personal loan in CBI is Flat rate: 1.65%-3% and Reducing rate: 3%-5.44%.
Since its incorporation in the UAE in 1991, CBI is consistently focused on giving simple and easy-to-understand products. It is inspired by a vision of building long-term relationships. The bank offers a comprehensive portfolio of standard banking products, as well as customized financial products for Corporate, SME as part of Retail Banking. Their tailor-made services range from a personal account to financing of homes and automobiles to commercial loans and project financing. The bank work on the values of:
- Customer Focus
Get in touch with CBI Customer Care
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