ADIB Boat Finance for Expats

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ADIB Bank

Boat Finance for Expats

Minimum Salary

AED 10K

Flat Rate

3.72%

Reducing Rate

6.75%

Loan Amount

AED 1000K

Early Settlement Fee

1%

Arrangement Fee

1%

Advantages

  • Free ADIB Visa Cashback card
  • High finance amount is provided
  • No collateral required for finance up to AED 200K
Apply Now
minimum salary

AED 10K

Minimum Salary

flat rate

3.72%

Flat Rate

reducing rate

6.75%

Reducing Rate

max finance

AED 1000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Advantages

  • Free ADIB Visa Cashback card
  • High finance amount is provided
  • No collateral required for finance up to AED 200K
Apply Now

View details on bank page

Features

  • Required to submit bank account details of the last 3 months
  • Loan applicant must be 21 years old to apply for this scheme
  • Length of service should be confirmed or should have worked 6 months before applying for this scheme
  • Finance repayment period is up to 48 months
  • Minimum salary of AED 8,000 is required
  • The reduction rate and the flat rate is 6.75% and 3.72%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is a requirement to transfer your salary to apply
  • Finance up to AED 1,000,000
  • The early settlement fee for this scheme is 1% of the loan amount
  • Takaful is optional
  • Arrangement fee is 1% of loan amount

Benefits

  • No collateral is required for finance up to AED 200,000
  • ADIB VISA Cashback Card will be provided free for the first year
  • You are allowed to postpone two payments per year (without any additional charges)
  • High finance is provided

Overview

  • Free ADIB VISA Cashback Card will be provided
  • Can postpone up to 2 installments per year
  • Can avail high finance
  • Low minimum salary requirement
  • Competitive interest rates
  • Salary transfer is required

Frequently Asked Questions

⭐ What information do I need to provide to ADIB bank while applying for boat finance?

A. While applying for boat finance you need to provide following information :
1. Information on demographic and employment
2. List of assets and liabilities
3. Boat you are interested in buying

⭐ Do the expats need to provide copy of passport to apply for this finance?

A. Yes, expats need to provide copy of valid passport and valid residence visa while applying for this finance.

⭐ In how many days do we get to know if our application is accepted by ADIB for boat finance or not?

A. Within two to three working days you get to know the bank's decision.

⭐ How expensive boat can we buy from ADIB boat finance?

A. You can use our online loan calculator to determine your monthly payment or desired monthly payment to get the loan amount from ADIB.

⭐ On what basis does ADIB evaluate my application?

A. ADIB evaluates your application on the basis of your credit score and your financial information.

ADIB

ADIB is a Public Joint Stock company and is one of the largest banks in the UAE region. Its values include transparency in services, an atmosphere of hospitality and tolerance followed by nature of simplicity and sensibility.

ADIB stands as one of the best banks of UAE by carrying out all the transactions, contracts and services by abiding Ismalic Shari'a principles.

   Get in touch with ADIB Customer Care

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