Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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ADNIF Personal Finance

ADNIF Bank

Personal Finance

Minimum Salary

AED 7K

Flat Rate

3.29%

Reducing Rate

6.2%

Loan Amount

AED 5000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

minimum salary

AED 7K

Minimum Salary

flat rate

3.29%

Flat Rate

reducing rate

6.2%

Reducing Rate

max finance

AED 5000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

View details on bank page

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

⭐ What are the documents required for this scheme?

A. The mandatory documents required for ADNIF Personal loan are Emirates ID,completed and signed personal finance application form, Passport, Residence Visa for Non UAE Nationals, Salary Certificate(salaried individuals), latest bank statements and Salary Transfer letter from employer.

⭐ In what all ways can I repay my loan in ADNIF bank?

A. You can repay your personal loan in three ways:
1. Electronic Clearance System
2. Post dated Cheques
3. Nominated bank account

⭐ Is this based on Islamic principles?

A. Yes, this finance follows islamic principles.

⭐ What all documents can we submit as a proof of income while applying for personal finance in ADNIF?

A. You can submit salary certificate or bank statement for the last 3-6 months while applying for personal finance in ADNIF.

⭐ Can I use the same account that has already been used by a different customer?

A. No, the bank does not give permission for that.

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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