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ADIB Personal Loans in UAE
| ADIB Personal Loan Details | |
|---|---|
| Minimum Salary Value | AED 8000 per month |
| Maximum Loan Amount | AED 250K - AED 3000K(depends on the nationality and type of loan) |
| Early Settlement Fees | 1% of the outstanding amount |
| Arrangement Fees | 0%-1% of the approved loan amount |
| Tenure | 36 - 48 months |
| Age | 21 - 60 years(Expats) & 65 years(UAE Nationals) |
| Profit Rates | Reducing rate from 5.99% |
Features of ADIB Personal Loan
- Optional Takaful cover protection is provided on competitive rates
The maximum amount of loan that can be availed from ADIB is:
UAE Nationals – AED 3 million and Expatriates – AED 1 million- Interest rates starts from 5.99%(reducing rate)
- A maximum tenure of 4 years is provided
Eligibility Criteria of ADIB Personal Loan
- Salary of minimum AED 8,000 per month
- Minimum age 21 years
- Maximum age 60 years for expatriates and 65 years for UAE Nationals
- Both UAE Nationals and Expats are eligible
- Length of service at work must be at least 3 months for UAE Nationals and 6 months for Expats
Click here for the Eligibility Criteria of Abu Dhabi Islamic Bank Personal Finance
ADIB Personal Loan Profit Rates
10 ADIB Bank Personal Loans
Debt Settlement for UAE Nationals
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
Debt Settlement for Expats
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
Boat Finance for UAE Nationals
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
Boat Finance for Expats
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
Education Finance for Expats
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
Travel Finance for UAE Nationals
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
Education Finance for UAE Nationals
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
Travel Finance for Expats
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
Personal Finance for UAE Nationals
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
Personal Finance for Expats
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
Benefits
- New to bank customers get 1% discount on existing profit rates and zero processing fees
- Existing customers get 50% discount on processing fee and 0.50% discount on existing profit rates.
- Free pre-approved ADIB booking.com Signature Card or ADIB Visa Cashback Card (depends on the loan type) on approval of the loan
- A grace period of 90 days is provided to pay first installment
- Can postpone 2 installments(per year) without any fees
Frequently Asked Questions
⭐ Is salary transfer mandatory?
A. Yes, your salary must be transferred to your ADIB bank account.
⭐ Do we get any grace periods in installment payment?
A. Yes, for your first installment payment you get 3 months grace period.
⭐ How many months work service is mandatory?
A. For UAE Nationals minimum 3 months and for Expats minimum 6 months service at work is required.
⭐ What benefits do existing customers get on ADIB personal finance?
A. Existing customers get 50% off on the processing fees and 0.50% off on the interest rates.
⭐ What benefits do new customers get on the personal loan?
A. For new customers, there is no processing fees charged and get 1% off on the profit rates.
⭐ Can I postpone any installment payments?
A. You can skip maximum two installments annually.
⭐ Is salary certificate mandatory?
A. Yes, salary certificate is the mandatory document.
⭐ What all fees does the educational loan fulfills?
A. Your educational loan includes tuition fees, books fees, examination fees, etc.
⭐ Am I eligible to get a personal loan if my company is not listed with ADIB?
A. No, Your company must be listed with the bank and it is mandatory in order to get a personal loan in ADIB. There are other banks providing personal loan in UAE even if the company is not listed.
⭐ What is the maximum tenure provided on the loan?
A. The loan is provided for a maximum tenure of 3-4 years(varies with the type of loan).
⭐ Is the takaful insurance provided for free?
A. No, the takaful insurance is provided at low premium rates.
⭐ Can I get pre-approval for the loan?
A. Yes, you can get pre-approval for free.
⭐ Are there any charges levied if the installments are postponed?
A. No. You can postpone up to 2 installments(per annum) for free.
⭐ Is the ADIB card provided for free lifelong?
A. No, the ADIB card is provided for free in the first year.
⭐ Are non-residents eligible to get a finance from ADIB?
A. No. Non-Residents of UAE are not eligible to get a personal finance from ADIB.
⭐ Do I get a refund of the processing fee if I cancel my approved loan?
A. No. The processing fee is non-refundable if you cancel your approved loan.
⭐ What are the charges to get the credit score?
A. AED 31.50 is charged by AECB to provide the credit score of an individual.
⭐ How do I contact ADIB?
A. You can contact ADIB through various ways. VisitADIB Customer Care for details.
About 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 Bank Customer Care
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