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CBD Personal Loan for Expats
Personal Loan for Expats
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
Frequently Asked Questions
⭐ Do we have option of postponement along with this loan?
A. Yes, you have deferment facility available along with this loan.
⭐ When can I get statement of my account in CBD?
A. You get statement of your account on monthly basis for free in CBD bank.
⭐ What all extra benefits do we get along with this loan?
A. You get flexible repayment period and free debit card for purchases and withdrawals with this loan.
⭐ What are the different types of personal loans offered by CBD?
A. Different types of personal loans offered by CBD are:
New Personal Loan
Top-up of existing personal loan
Buy-out/ transfer of Personal Loan from other Bank
⭐ What is the minimum and maximum age limit to apply for CBD personal loan?
A. Minimum age requirement to apply for CBD personal loan is 21 years and maximum is 65 years for UAE Nationals and 60 for expats.
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