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CBD Loan Against Fixed Deposit

CBD Bank

Loan Against Fixed Deposit

Reducing Rate

5.5%

reducing rate

5.5%

Reducing Rate

View details on bank page

Features

  • Get instant access to your funds when you need it, while still keeping your Fixed Deposit (FD) investment intact.
  • Get high loan amounts against your FD
  • Offers good Financing tenure
  • Provides Competitive pricing
  • You are eligible if you are a UAE National or ex-pat aged between 21 and 70 years (at the time of loan maturity) and maintain average monthly balances of a minimum of AED 225,000

Benefits

  • Repayment period of up to 48 months
  • Competitive pricing starting with a minimum of 12 months EIBOR
  • Two installment deferments per year
  • High loan amount up to 90% of the value of your fixed deposit or AED 20 million whichever is less for FD held with CBD
  • All nationalities, salaried or self employed banking with CBD can get loan against FD

Overview

  • Commercial Bank of Dubai provides a Loans against Fixed Deposit where you can get a loan up to 90% of the value of fixed deposit or AED 20 millions whichever is less for fixed deposits with CBD.

Frequently Asked Questions

Q. What are the different types of personal loan offered by CBD?

A. CBD offers different types of Personal Loan against Salary Transfer/Hypothecation of Fixed Deposit as listed below:

New Personal Loan
Top-up of existing Personal Loan
Buy-out / transfer of Personal Loan from other Bank (with or without topping up the Loan amount)

Q. What is the maximum loan tenure?

A. The maximum loan tenure is 48 months

Q. What are the eligibility criteria?

A. UAE National or expats with age between 21 and 70 years. You should maintain avg monthly balance of minimum with AED 225,000

Q. What is the deferment period?

A. The deferment period is two installment deferments per year

Q. Do we get a loan amount against FD?

A. Yes, you can get high loan amount against FD

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 Customer Care

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