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ADIB Travel Finance for UAE Nationals

ADIB Bank

Travel Finance for UAE Nationals

Minimum Salary

AED 8K

Flat Rate

3.72%

Reducing Rate

7.25%

Loan Amount

AED 250K

Early Settlement Fee

1%

Arrangement Fee

1%

Advantages

  • Can postpone installments
  • Free ADIB Visa Cashback card for 1yr
  • Quick processing & approval
minimum salary

AED 8K

Minimum Salary

flat rate

3.72%

Flat Rate

reducing rate

7.25%

Reducing Rate

max finance

AED 250K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Advantages

  • Can postpone installments
  • Free ADIB Visa Cashback card for 1yr
  • Quick processing & approval

View details on bank page

Features

  • Required to submit bank account details for 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 upto 48 months
  • The loan is provided for an interest rate of 7.25%
  • Minimum salary of AED 8,000 is required
  • The reduction rate and the flat rates are 7.25% 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 upto AED 250,000
  • The early settlement fee is 1% of the outstanding amount to date
  • Takaful cover is 1.25% of the finance amount. Takaful is optional
  • Arrangement fee is 1% of loan amount

Benefits

  • High loan amount provided
  • Repayment period of up to 3 years
  • ADIB VISA Cashback Card will be provided free for the first year
  • Free Postponement option

Overview

  • Can get finance to fund your travel
  • Free cashback card is provided
  • No annual fees are charged on the card for the first year
  • Takaful cover for competitive rates is provided
  • It is not mandatory to get takaful protection
  • Maximum tenure provided is 3 years
  • Can postpone loan installments on no charges

Frequently Asked Questions

⭐ How can we repay ADIB travel finance loan amount?

A. You can repay ADIB travel finance loan amount by cheque, online transfer, cash or card.

⭐ What is the length of service required to apply for this finance?

A. Length of service required for this finance is six months.

⭐ In how many days do we receive funds if we apply for ADIB travel finance?

A. You can get funds within 4 hours of applying for ADIB travel finance.

⭐ What all expenses are covered in ADIB travel finance?

A. ADIB travel finance covers the following expenses:
1. Travelling expenses
2. Staying in hotel

⭐ How can we calculate EMI for ADIB Travel finance?

A. You can calculate monthly installments using EMI calculator present on ADIB official website .

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.

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