ADIB Personal Loan Eligibility - Minimum Salary, Age, Salary Transfer
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Details on Personal Loan Eligibility at ADIB
Advantages
- No processing fees
- Free ADIB Booking.com Signature Card
- Can postpone 2 installments per year
Overview
- No processing fees are charged
- Can postpone loan installments without any charges getting levied
- Should submit latest bank statements
Overview
- No processing fees are charged
- Can postpone loan installments without any charges getting levied
- Should submit latest bank statements
- Can get grace period before paying the first installment
- High loan amount can be availed
- Salary transfer is mandatory
- Provides a free credit card with no annual fees in the first year
Explore
Hide ExploreAdvantages
- No processing fees
- Free ADIB Booking.com Signature Card
- Can postpone 2 installments per year
Overview
- No processing fees are charged </li>
- Can postpone 2 loan installments without any charges getting levied
- Should submit latest bank statements
Overview
- No processing fees are charged
- Can postpone 2 loan installments without any charges getting levied
- Should submit latest bank statements
- Can get 120 days grace period before paying the first installment
- High loan amount can be availed
- Salary transfer is mandatory
- Provides a free credit card with no annual fees in the first year
Advantages
- No processing fees
- Free ADIB Visa Cashback Card
- Can postpone 2 installments per year
Features
- Latest bank account statements are needed
- Required to submit Liability Certificate
- Loan applicant must be 21 years old to apply for this scheme
Features
- Latest bank account statements are needed
- Required to submit Liability Certificate
- Loan applicant must be 21 years old to apply for this scheme
- Should have worked for at least 6 months at the current organization before applying for this scheme
- Profit rate of 5.99% is charged
- Minimum salary of AED 5,000 is required
- It is a requirement to transfer your salary to apply
- Finance up to AED 3,000,000
- The early settlement fee is 1% of the outstanding amount to date
- Takaful cover is 1.25% of the finance amount.
- No Arrangement fee is charged
Benefits
- 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)
- Finance repayment period is upto 48 months
- Processing fees is zero
- Free ADIB card can be availed
- Can postponement installments
- The maximum tenure of 4 years is provided
- Grace period is provided to pay the first installment
- Can get pre-approval for the loan
Advantages
- No processing fees
- Free ADIB Visa Cashback Card
- Can postpone 2 installments per year
Overview
- No processing fees are charged
- Applicants must submit liability certificate
- Free ADIB card can be availed
Overview
- No processing fees are charged
- Applicants must submit liability certificate
- Free ADIB card can be availed
- Can postponement installments
- The maximum tenure of 4 years is provided
- Grace period is provided to pay the first installment
- Can get pre-approval for the loan
Advantages
- Can postpone installments
- Free ADIB Visa Cashback card for 1yr
- Quick processing & approval
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
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
Advantages
- Free ADIB Visa Cashback card
- High finance amount
- No collateral required for finance up to AED 200K
Overview
- Free ADIB VISA Cashback Card will be provided
- Can postpone up to 2 installments per year
- Can avail high finance
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
- Only UAE nationals are eligible
Advantages
- Postpone installments
- Free ADIB Visa Cashback Card
- Covers tuition fees, books, transportation, etc.
Overview
- Free ADIB card is provided
- Can postpone loan installments
- It is required to transfer your salary to the bank account
Overview
- Free ADIB card is provided
- Can postpone loan installments
- It is required to transfer your salary to the bank account
- Provides finance for tuition fees, book fees, transportation, etc.
- Low-interest rates are charged
- Takaful protection is not mandatory
- Long repayment period i.e. 4 years is provided
- Only UAE Nationals are eligible
Advantages
- Postpone installments
- Free ADIB Visa Cashback Card for 1yr
- Covers tuition fees, books, transportation, etc.
Overview
- Can postpone installments
- It is required to transfer your salary
- Provides finance for tuition fees, book fees, transportation, etc.
Overview
- Can postpone installments
- It is required to transfer your salary
- Provides finance for tuition fees, book fees, transportation, etc.
- Low-interest rates are charged
- Takaful protection is not mandatory
- Long repayment period i.e. 4 years is provided
- Only Expats are eligible
Advantages
- Free ADIB Visa Cashback card
- High finance amount is provided
- No collateral required for finance up to AED 200K
Overview
- Free ADIB VISA Cashback Card will be provided
- Can postpone up to 2 installments per year
- Can avail high finance
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
Advantages
- Can postpone installments
- Free ADIB Visa Cashback Card for 1yr
- Quick processing & approval
Overview
- Free cashback card is provided
- No annual fees are charged on the card for the first year
- Takaful cover for competitive rates is provided
Overview
- 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
Abu Dhabi Islamic Bank
ADIB provides all the finance related services using Islamic principles. It provides personal loan with various benefits like free ADIB Cashback card and takaful cover.
Eligibility criteria for ADIB
- Minimum salary of AED 8000 is required
- Both UAE Nationals and Expats are eligible
- Length of service: Minimum 3-6 months of duration at work
What influences Eligibility?
- Age Limit- Minimum age of 21 and maximum age of 60(Expats), 65(UAE Nationals)is mandatory.
- Length of work service- UAE Nationals without at least 3 months of duration at work and xpats without minimum 6 months of work service are not eligible.
- Monthly income- If your monthly income is less than AED 8000 then the bank doesn’t approve your loan.
- Credit report- Your previous or existing loans and credit cards can affect your current loan approval. Low credit score applications can be rejected.
- Documents- Documents like Salary certificate, Passport, Emirates ID, Trade license (If Self employed) are mandatory.
1. Salary Certificate- Salary Certificate is a mandatory document for any kind of finance as it is a proof of your work and an employment in a company. Bank can ask for a salary certificate or salary certificate letter.
2. Emirates ID- Emirates ID is a proof to confirm your identity. Without Emirates ID banks do not approve the loan.
3. Trade License- For the self-employed individuals trade license is a mandatory document.
Tips to improve your loan approval chances
- Make sure you meet the age limit.
- Pay your current loans or credit card bills on time so that it won’t disturb your credit score.
- Maintain all the required mandatory documents.
- Don’t take more than required finance.
- It is preferable to go for maximum tenures.
FAQs
⭐ What is the length of service required for expats?
A. For expats minimum length of service of 6 months is mandatory.
⭐ Can I postpone any installment?
A. Yes, You can postpone maximum two installments every year.
⭐ Can I delay my first installment payment?
A. Yes, You will get a grace period of 90 days to pay your first installment.
⭐ Do I get any benefits?
A. You will be getting anADIB Cashback Credit Cardfree for the first year.
⭐ Is insurance available for the ADIB Personal loan?
A. Yes, you will get takaful cover protection.