ADIB Smart Account

Check Eligibility for CBI
Personal Loan

You are eligible to apply for a CBI
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 8000 required to apply for a CBI Personal Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

CBI Personal Loan Calculator

Personal Loan Provided By CBI

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Check Eligibility for CBI Personal Loan

You are eligible to apply for a CBI
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 8000 required to apply for a CBI Personal Loan .

Click here to check loans from other banks.

CBI Personal Loan Calculator

ADIB Smart Account
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
Tenure 48 months
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.
  • Fees and Charges

    • 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

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

CBI Bank

2 CBI Bank Personal Loans

Ready Money

minimum salary

Minimum Salary

AED 8K

flat rate

Flat Rate

1.65%

reducing rate

Reducing Rate

3%

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

minimum salary

AED 8K

Minimum Salary

flat rate

1.65%

Flat Rate

reducing rate

3%

Reducing Rate

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Benefits

  • Loan approval is fast
  • It is mandatory to transfer your salary to apply for this loan

Features

  • The loan is provided for a interest rate of 3%
  • Minimum salary of AED 8,000 is required
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Loan approval is fast
  • It is mandatory to transfer your salary to apply for this loan

View details on bank page

Personal Loan

minimum salary

Minimum Salary

AED 8K

flat rate

Flat Rate

3%

reducing rate

Reducing Rate

5.44%

loan amount

Loan Amount

AED 1000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

minimum salary

AED 8K

Minimum Salary

flat rate

3%

Flat Rate

reducing rate

5.44%

Reducing Rate

loan amount

AED 1000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Advantages
  • Free rewards credit card
  • Overdraft facility on current account
  • Phone banking facility
Advantages
  • Free rewards credit card
  • Overdraft facility on current account
  • Phone banking facility

Features

  • Repayment period is up to 4 years
  • The reduction rate and the flat rate is 5.44% and 3%. This denotes that the computation done was a division of the reduction rate by 1.814
  • The loan is provided for a interest rate of 5.44%

Features

  • Repayment period is up to 4 years
  • The loan is provided for a interest rate of 5.44%
  • Minimum salary of AED 8000 is required
  • The reduction rate and the flat rate is 5.44% and 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 1,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • High Finance amount is provided by the bank
  • Along with this loan free credit card is offered
  • Provides insurance coverage for permanent disability and death

View details on bank page

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%.

About CBI

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:

  • Speed
  • Customer Focus
  • Confidence
  • Communication
  • Teamwork

   Get in touch with CBI Customer Care

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