• ADCB Personal Loan

    ADCB Personal Loan

    ADCB Personal Loans are a great way to support your urgent financial needs. With benefits ranging across a wide spectrum, an ADCB Personal Loan is a perfect partner in times of happiness as well as in need. These loans can be availed with least amount of hassle and documentation. Overdraft facility that’s available with these loans makes them a preferred alternative among loan seekers.

    There are two types of personal loans offered by ADCB, the first is for nationals of the country while the other is for expatriates residing in UAE. Both types of loans come at attractive interest rates and offer a long repayment tenure.

    • ADCB Personal Loan for UAE Nationals
    • ADCB Personal Loan for Expatriates

    You’re probably eligible for ADCB Personal Loan if you are

    ADCB Personal Loan Minimum Age

    No Info

    ADCB Personal Loan Maximum Age

    No Info

    ADCB Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    ADCB Personal Loan Minimum Income

    Earn more than the minimum income required

    Your ADCB Personal Loan amount eligibility is based on these factors

    ADCB Personal Loan Minimum Salary

    No Info

    ADCB Personal Loan Maximum Loan Funded

    No Info

    ADCB Personal Loan EMI

    EMIs of other loans lower your eligibility

    Increase your eligible ADCB Personal Loan amount by these steps

    ADCB Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    ADCB Personal Loan Tenure

    No Info

    ADCB Personal Loan Interest RatesUpdated on 28 Oct 2016

    ADCB Personal Loan Details
    Loan amount Interest rate range
    AED 0 to AED 50,000 4.99% to 13.99%
    AED 50,001 to AED 100,000 4.99% to 13.99%
    AED 100,001 to AED 200,000 4.99% to 13.99%
    Above AED 200,000 4.99% to 13.99%

    Benefits of ADCB Personal Loan for UAE Nationals

    This is an ideal personal loan which offers amazing benefits to its customers. Following are some of the key features of Abu Dhabi Commercial Bank personal loan for UAE nationals.

    • Entitles you to loan as well as an overdraft of up to 3 times your fixed income.
    • ADCB offers you a flexible repayment tenure ranging from 12 to 72 months.
    • The processing fee for the ADCB personal loan is minimum
    • A personal loan guarantor is not required for availing this loan
    • Loan approval is fast and simple
    • Interest rates offered on these personal loans range from 4.99% to 13.99% depending upon the amount of personal loan availed
    • Long repayment periods can be availed for the ADCB personal loans
    • Free credit life insurance is available with personal loans from ADCB
    • The feature of consolidating loans is available
    • Each AED 1,000 borrowed as personal loan earns 200 touchpoints when loan amount availed is up to AED 1,50,000
    • Each AED 1,000 borrowed as personal loan earns 300 touchpoints when loan amount borrowed is above AED 1,50,000
    • ADCB personal loan can be applied online through the ADCB website or by calling up the bank or by leaving your phone number so that the bank personnel will call you back

    Other specifications of ADCB Personal Loan for UAE nationals

    Min Salary required – AED 5,000 per month

    Processing Fee – 1% of the personal loan amount sought

    Maximum loan amount – AED 3,000,000. The sanctioned personal loan amount depends upon the salary of the applicant

    Salary Transfer required – Yes. To avail this personal loan.

    Loan repayment period – up to 48 months

    Early loan settlement fee – 1% of the outstanding personal loan amount.

    Benefits of ADCB Personal Loan for Expatriates

    Abu Dhabi Commercial Bank aims to deliver financial products across all sections of the society and hence, the personal loan scheme for expatriates. This is a flexible and low-cost packaged deal for outside people who stay in the country.

    • This personal loan offers loan as well as an overdraft facility of up to 2 times your fixed income
    • This personal loan comes at a nominal processing fee of 1% of the loan amount.
    • There is no guarantor required for this ADCB personal loan
    • The repayment period is flexible, ranging between 12-72 months.
    • The application process for this ADCB personal loan is simple and quick
    • Usually, minimum collaterals are required for proof etc.
    • A loan amount of up to AED 2,50,000 can be obtained by an applicant
    • This loan comes with a credit life insurance scheme
    • Applications for this loan can be made online as well as by visiting any of the ADCB branches across UAE
    • Get a free ADCB Credit Card when you apply for this personal loan

    Other Specifications of ADCB Personal Loan for Expats

    Processing Fee – 1% of the personal loan amount sought

    Maximum loan amount – AED 1,500,000. The sanctioned personal loan amount depends upon the salary of the applicant

    Salary Transfer required – Yes. To avail this personal loan.

    Loan repayment period – up to 48 months

    Early loan settlement fee – 1% of the outstanding personal loan amount

    Why avail personal loan from Abu Dhabi Commercial Bank?

    Abu Dhabi Commercial Bank offers personal loans at attractive rates of interest. These loans are generally disbursed quickly with minimum amount of paperwork. The maximum limit on loan amount is good enough to cover various financial needs of customers. You can avail customized loan quotes depending upon your monetary requirement.

    A customer can require funds for a variety of personal reasons like wedding, vacation, child’s education, house renovation and so on. Any loan taken towards fulfilling any of these personal needs is termed as a Personal Loan.

    Eligibility Criteria for ADCB Personal Loans:

    • Min Salary required – AED 5,000 per month
    • Nationality – UAE Nationals or Expats with valid IDs

    ADCB Personal Loan Application Form for Individuals

    To avail the personal loans from ADBC, an aspiring applicant will need to fill out the personal loan application form which is available at the ADBC website. This form contains key particulars that need to be filled in by the applicant such as identity details and income details. The relevant sections of this form are described below

    1. Personal details:
    2. This includes details of the applicant’s name, nationality or Idbara number if the applicant is a UAE national, number of years resided in UAE, passport number, passport expiry date, Visa number and expiry date, country of origin, gender, marital status, number of dependents and other family details. Personal details will also require applicant to fill in a personal reference and a company reference along with their contact information. Personal information also includes details of residence in the country and whether or not it is an own residence or one provided by an employer.

    3. Employer details:
    4. In order to verify the income of an applicant, the form requires applicants to provide employer details such as name of employer, date of joining, contact address and email of workplace, employee number and address of the employer.

    5. Income details:
    6. These include the minutiae of the applicant’s income such as basic salary, commission, allowance, accrued end of service benefits and total monthly salary. It also requires the applicant to disclose any other benefits provided by employer such as car, house, medical bonus, schooling for children etc.

    7. Financial details:
    8. These are the details of the accounts held with ADCB such as account type, account number, pre-existing loans, credit cards if any

    9. Loan details:
    10. This section involves making a set of choices of different loan EMI date options as well as start options. It also requires the applicant to fill out the purpose of the loan and the amount of the loan.

    Other Products from ADCB

    About Abu Dhabi Commercial Bank:

    Abu Dhabi Commercial Bank (ADCB), UAE, offers a wide range of personal loans at attractive interest rates to its customers. Abu Dhabi Commercial Bank is one of the largest banks in UAE with services ranging from Investment Banking to Asset Management to Credit Cards and so on. ADCB was founded in the year 1985 as a public share-holding company. The Abu Dhabi government holds 65% stakes in the bank while the rest 35% are held by various individuals and institutions.

    The bank was formed as a merger between Emirates Commercial Bank, Federal Commercial Bank and Khaleej Commercial Bank. The bank has a network of around 48 branches in UAE, 2 in India and 1 in the United Kingdom.

    The bank envisions to become the number one bank in the UAE and strives to build a lifelong partnership with all its customers. The bank has won several awards and accolades for customer service and innovative banking.

    ADCB Personal Loan FAQs

    1. Does ADCB offer personal loan to expats?
    2. Yes, ADCB offers personal loan to expats and UAE nationals.

    3. What is the maximum loan offered to the UAE nationals and expats?
    4. ADCB offers personal loan up to AED3,000,000 for UAE Nationals and up to AED1,500,000 for Expats.

    5. What is the repayment tenure offered for the personal loan offered to the UAE Nationals and expats?
    6. The repayment tenure for personal loan ranges from 12 – 72 months.

    7. Is there a minimum salary requirement to avail the personal loan?
    8. Yes, the minimum salary requirement is AED5,000.

    9. Is there an early settlement fee charged if I wish to clear the loan soon?
    10. Yes, the early settlement fee is charged at 1%.

    11. How is the interest rate calculated?
    12. The interest rate is calculated on a reducing balance method.

    13. What are the benefits that the UAE National gets with the personal loan?
    14. UAE National gets a free credit life insurance, free ADCB credit card and up to 3 times salary overdraft facility.

    15. What are the benefits that the expat gets with the personal loan?
    16. Expat gets a free credit life insurance and a free ADCB credit card and up to 2 times salary overdraft facility.

    17. Is there any insurance fee charged?
    18. Expats are charged an insurance fee for Aspire and Privilege customer that is 1% of the loan amount and the Excellency customer get charged 0.5%. UAE Nationals are charged an insurance fee for Aspire customer that is 0.5% of the loan amount and the Excellency and Privilege customer get charged 0.5%.

    19. What is the interest rate charged on ADCB Personal Loans?.
    20. ADCB charges a minimum interstate of 4.99% and a maximum rate of 13.99% on personals loans taken for varying tenure

    21. If I opt for a loan amount of AED50, 000, what is the interest rate charged? .
    22. ADCB charges 4.99% as minimum interest rate for an amount of AED50, 000.

    23. Is there any other fee charged?
    24. Yes an arrangement fee is charged at 1% on the loan amount for both expats and UAE Nationals.

    News About ADCB Personal Loan

    • ADCB Wins Best Transaction Service Bank in the Middle East at Euromoney Award Excellence 2016

      Abu Dhabi Commercial Bank (ADCB) made an announcement of gaining recognition for excellence at the annual ‘Euromoney Award for Excellence 2016’. ADCB won the award for the “Best Transaction Service Bank in the Middle East” acknowledging the bank’s excellence in Transaction Banking across the region.

      The Transaction Banking business supports more than 40,000 corporate as well as SME clients across UAE for all client segments. It also has a unique client services proposition which is said to be the reason or influence of their successes.

      Euromoney Awards for Excellence awards over 20 global product categories and is known to recognize the biggest names in banking and financial sector. The awards consider banks from over 100 countries globally making it truly a global recognition for ADCB. ADCB also offers business loans and other products in the financial sector across UAE.

      14th June 2016

    • Short Term Loans offered by ADCB Bank

      To ease the flow of cash, UAE Banks such as Emirates NBD and ADCB bank have begun offering short term loans. These loans are suited for those customers who need a smaller amount of money and don’t require a huge loan to meet the financial requirements.

      The loans offered usually have a tenure of 12 months which is apt for smaller amounts but can also catch a borrower unaware as any payments due after this period can attract heavy penalties.

      ADCB provides a short term loan known as ADCB Smart Cash Loan and requires the borrower to have a minimum income of DH 8000 and unlike other short term loans the Smart cash loan has a tenure of up to 36 months and a high maximum loan amount of DH 150,000

      The ADCB Smart cash loan does however have a high reducing rate in the range of 18 to 24 percent which borrowers need to be aware of.

      23rd May 2016

    • ADCB participates in Bonds, Loans & Sukuk Middle East 2016 as a Gold Sponsor

      Abu Dhabi Commercial Bank (ADCB) announced that they are participating continuously for the sixth year in Loans, Bonds and Sukuk Middle East 2016 as a Gold Sponsor. Recently, a conference was held in Dubai from 19-20 April, 2016 to bring together borrowers, investors, issuers and bankers to discuss the developments of local and international bonds, syndicated loan and sukuk markets.

      The head of Investment Banking, ADCB Ludovic Nobili mentioned that the conference has become popular with time and is one of the most important bonds, loans & sukuk event in the region. ADCB is said to continuously seek to expand its brand visibility in a region where the awareness on the banking and finance fields is strongly and continuously growing.

      22nd April 2016

    • ADCB’s 2015 Net Profit Increases 22% from 2014

      ADCB (Abu Dhabi Commercial Bank) recently revealed that the net profit increase in the fourth quarter of 2015 stood at 17%. Between the beginning of October and the end of December 2015, ADCB recorded AED 1.19 billion in net profits that were attributed to shareholders. In comparison with the same period last year, 2015’s profit was up AED 170 million.

      The net profit made by ADCB in 2015 was AED 4.92 billion, marking an increase of 22% from 2014. The chairman of the bank, Eissa Mohammed Al Suwaidi revealed that 2015 was a record year for ADCB and that the bank’s ability to record such achievements in an environment affected by economic headwinds such as reduced oil prices demonstrates their well-executed strategy, thus paving the path for more growth and an increase in profitability in the future.

      03rd February 2016

    • Instant Personal Loans Without Paperwork Made Available by ADCB

      Abu Dhabi Commercial Bank has begun providing its customers with pre-approved personal loans that require no paperwork. The loans can be taken out online from any location on the planet.

      An innovative concept so far as consumer banking is concerned, these personal loans help in meeting your requirements while ensuring instant and hassle free transactions, this eliminating the processing period associated with lending approvals, making it easy for customers to receive funds as quickly as possible. ADCB’s head of retail banking has said that applying for personal loans usually takes time, and since customers generally require funds at the earliest, this cutting-edge service from ADCB will help them meet their requirements quickly and without any hassles.

      09th November 2015

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