• ADIB Personal Loan for UAE Nationals

    ADIB Personal Loan

    UAE nationals can avail personal Loan from Abu Dhabi Islamic Bank (ADIB) at highly competitive rates. Personal loans offered by the bank comply with the Sharia principles of banking. The bank catering to all sections of the community also offers other banking products and services. It also operates a full-fledged banking portal, along with a popular phone banking application.

    Features and Benefits of ADIB Personal Loan for UAE Nationals

    There are many attractive features of the personal Loan from Abu Dhabi Islamic Bank. The loans are preferred over other banks’ personal loans due to the following reasons:

    • Maximum loan amount that can be availed is AED 3,000,000. The sanctioned amount depends on the applicant’s salary.
    • Flexible loan tenures
    • Higher loan amounts to cover all financial needs
    • The loan tenure is up to 4 years
    • Low and fixed monthly instalments
    • The loan repayment period is up to 48 months
    • Free visa cashback credit card with this loan scheme
    • Up to two instalments can be postponed till the tenure
    • No personal guarantor required
    • Salary transfer mandatory to acquire the loan
    • Instalment holiday for up to 90 days available on first instalment
    • Attractive rate of interest
    • Easy repayment options through checks or online EMIs
    • Optional Takaful protection scheme against death or permanent disability
    • Easy and quick approval and processing
    • Minimum documentation and quick turnaround time
    • Simple and hassle-free documentation process

    Eligibility Criteria of ADIB Personal Loan for UAE Nationals

    In order to avail ADIB’s personal Loan, customers should fulfil the following criteria:

    • Should be a UAE national
    • Minimum age - 21 years
    • Maximum age – 60 years
    • Should be salaried or self-employed with regular income
    • Minimum salary required – UAE 5,000 per month

    Fees and Charges of ADIB Personal Loan for UAE Nationals

    Listed below are the fees and charges for UAE nationals who avail personal Loan from ADIB:

    • 1% of the total loan amount is charged as processing fee
    • 5.49% per annum is charged as reducing rate of Loan
    • Flat rate of Loan is 3.03% per annum
    • Interest rate or monthly reducing balance applicable is 6.99% to 13.49%
    • Early loan settlement fee is 1% of the outstanding personal loan amount

    Required Documents for ADIB Personal Loan for UAE Nationals

    The documents required to be eligible for availing the personal Loan are mentioned below:

    • Original passport
    • Salary certificate. Should not be more than 30 days old

    Other Products from ADIB

    Personal Loan for UAE Nationals
    Personal Loans in UAE for Expats
    Loans for Self Employed
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