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CBD Personal Loans in UAE
| CBD Personal Loan Details | |
|---|---|
| Age | 21 - 60 years(Expats) & 65 years(UAE Nationals) |
| Tenure | 48 months |
| Arrangement Fees | 1% of the approved loan amount |
| Early Settlement Fees | 1% of the outstanding amount |
| Minimum Salary | AED 8000 per month |
| Interest Rates | Starts from 5.50% |
| Maximum Loan Amount | Upto 3 Million AED |
Features of CBD Personal Loan
CBD offers personal loans for both Emiratis and expatriates. Some striking features of the personal loans offered by CBD are:
- High loan amounts of up to AED 3 million for UAE Nationals and AED 750,000 for expats.
- Flexible repayment period up to 48 months.
- Competitive interest rates
- Personal loans available with / without salary transfer
- No guarantor required to sign the loan application form
- Current account with minimum balance requirement waived
- Facility of buy-out or transfer of Personal Loan from other banks (with or without topping up the loan amount)
- Free Debit Card for purchases and withdrawals
- Loan deferment available
Fees and Charges
- Processing fee: 1% of loan amount min. AED 525 max. AED 2,625
- Insurance fee: 0.82% insurance premium
- Part-prepayment: 1% of the prepayment amount
- Early settlement: 1% of the remaining balance
- Loan postponement: AED 105
- Loan rescheduling: AED 262.50
- Loan cancellation fee: AED 105
Eligibility Criteria of CBD Personal Loan
- Minimum salary required is AED 8,000 per month for the Northern Emirates and Sharjah and is AED 10,000 per month for Abu Dhabi and Dubai
- UAE National aged between 21 and 65 years old (at the finance maturity) or if you’re an expatriate aged between 21 and 60 years old (at the finance maturity).
- Permanent employee or with six months minimum length of service with a CBD approved employer
Documents Required of CBD Personal Loan
- Application form and loan agreement
- National ID, valid passport, residence visa and Emirates ID
- Original 3 months bank statement for new customers
- Salary transfer letter
- Salary certificate.
CBD Personal Loan Interest rates
4 CBD Bank Personal Loans
Absher Personal Finance for UAE Nationals
Features
- Repayment period is up to 4 years
- Only UAE Nationals can apply for this scheme
- The reduction rate and the flat rate is 4.5% and 2.45%. This denotes that the computation done was a division of the reduction rate by 1.836
Features
- Repayment period is up to 4 years
- Only UAE Nationals can apply for this scheme
- The loan is provided for a interest rate of 4.5%
- Minimum salary of AED 8,000 is required
- The reduction rate and the flat rate is 4.5% and 2.45%. This denotes that the computation done was a division of the reduction rate by 1.836
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 3,000,000 for UAE nationals
- Early settlement fee is 1% of finance amount
- Takaful fee is 1% of the finance amount
- Arrangement fee is 1% of loan amount
Benefits
- For every loan amount of AED 100,000 you can earn up to 500 Attijari points
- High Finance amount is provided by the bank
- Availability of buy-out facility
- Determent facility available - maximum 2 times a year without additional profit
- Free Debit Card is provided along with this scheme
- Free Current Account is provided along with this scheme with no minimum balance requirement
- Get rewarded with Attijari Loyalty Points and option to redeem them for Skywards or Cashback
Absher Personal Finance for Expats
Features
- Repayment period is up to 4 years
- The reduction rate and the flat rate is 4.5% and 2.45%. This denotes that the computation done was a division of the reduction rate by 1.836
- The loan is provided for a interest rate of 4.5%
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 4.5%
- Minimum salary of AED 8,000 is required
- The reduction rate and the flat rate is 4.5% and 2.45%. This denotes that the computation done was a division of the reduction rate by 1.836
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 750,000
- Early settlement fee is 1% of finance amount
- Takaful fee is 0.82% of the finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Earn Attijari reward points which can be redeemed for cashback or skywards miles
- High Finance amount is provided by the bank
- Availability of buy-out facility
- Determent facility available - maximum 2 times a year without additional profit
- Free Debit Card is provided along with this scheme
- Free Current Account is provided along with this scheme with no minimum balance requirement
Personal Loan for Expats
Features
- Repayment period is up to 4 years
- The reduction rate and the flat rate is 5.5% and 3.03%. This denotes that the computation done was a division of the reduction rate by 1.814
- The loan is provided for a interest rate of 5.5%
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 5.5%
- Minimum salary of AED 8,000 is required
- The reduction rate and the flat rate is 5.5% and 3.03%. This denotes that the computation done was a division of the reduction rate by 1.814
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 750,000
- Early settlement fee is 1% of finance amount
- Takaful fee is 0.82% of the finance amount
- Arrangement fee is 1% of loan amount
Benefits
- High Finance amount is provided by the bank
- Availability of buy-out facility
- Determent facility available - maximum 2 times a year without additional profit
- Free Debit Card is provided along with this scheme
- Free Current Account is provided along with this scheme with no minimum balance requirement
Personal Loan for UAE Nationals
Features
- Repayment period is up to 4 years
- Only UAE Nationals can apply for this scheme
- The reduction rate and the flat rate is 5.5% and 3%. This denotes that the computation done was a division of the reduction rate by 1.836
Features
- Repayment period is up to 4 years
- Only UAE Nationals can apply for this scheme
- Enjoy the benefit of competitive interest rates & Interest rates range from a low 5.50% to a maximum of 18% per annum (reducing).
- Minimum salary of AED 8,000 is required
- The reduction rate and the flat rate is 5.5% and 3%. This denotes that the computation done was a division of the reduction rate by 1.836
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 2,500,000
- Early settlement fee is 1% of finance amount
- Life insurance is provided at 0.82%
- Arrangement fee is 1% of loan amount
Benefits
- For every loan amount of AED 100,000 you can earn up to 500 Attijari points
- High Finance amount is provided by the bank
- Availability of buy-out facility
- Determent facility available - maximum 2 times a year without additional profit
- Free Debit Card is provided along with this scheme
- Free Current Account is provided along with this scheme with no minimum balance requirement
Frequently Asked Questions
⭐ What's the early settlement fees of CBD personal loan?
A. Its 1% of the personal loan amount.
⭐ Is salary transfer required for the loan?
A. Yes, salary transfer is mandatory.
⭐ What's the processing fees required for the loan?
A. Its 1% of the personal loan attained
⭐ Are loan deferments allowed?
A. Yes. 2 loan deferral installments are allowed per year.
⭐ Can I avail any insurance with this loan?
A. Yes, a free life insurance can be availed with CBD personal loan.
⭐ Is part payment allowed?If so what’s the fees?
A. Yes, part payment is allowed with a fees of 1% of the part payment amount.
⭐ What's the fees for loan cancellation after approval of the loan?
A. A fees of AED 100 is charged for the cancellation of loan by the individual.
⭐ Is the loan amount offered is same for UAE nationals and expats?
A. No.The loan amount offered for UAE nationals is AED 2500K and to that of expats is AED 1500K.
⭐ Who can avail this loan?
A. UAE residents can avail CBD personal loan.
⭐ What are the other loan options available?
A. Check here for other banks that offer aPersonal Loan in UAE
⭐ What is the eligibility for CBD personal loan?
A. The loan applicant must be of 21 to 65 years old with a minimum salary of AED 8000.
About CBD
Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:
- Authenticity
- Simplicity
- Partnership
- Innovation
- Responsibility
- Excellence
Get in touch with CBD Bank Customer Care
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