ADCB Personal Loan for Expats

Great For

• Earning Touch Points on loan amount.
• Low salary requirement to apply for this loan.
• High loan amounts with low interest rates when salary is transferred

   

   

  

  The Basics

  AED 5,000 Min Salary

  Reducing Reducing/Flat

  from 3.03%

  Flat Rate
  (est. equivalent) ?

  from 5.49%

  Reducing Rate
  (As Advertised) ?

  1% Upfront Fee

  AED 1,500,000 Max Finance Amount

  1%

  Early Settlement Fee

  Yes Salary Transfer

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  Main Benefits

  The maximum amount of finance offered is AED 1,500,000. Loan repayment up to 48 months.

  Overview of features

  • You require a minimum salary of AED 5,000 per month to be eligible.
  • The reducing rate of this finance is 5.49% and the equivalent flat rate is 3.03%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only
  • Loan repayment period is up to 48 months; The rate for salary from AED 5,000 to AED 7,999 is 12.5%; the rate for salary from AED 8,000 to AED 11,999 is 9.99%; the rate for salary from AED 12,000 to AED 14,999 is 7.99%; the rate for salary of AED 15,000 to AED 19,999 is 6.99% and above AED 20,000 is 6.25%. For Privilege customers the rate is 5.99% and for Excellency customers the rate is 5.49%. All rates are calculated on reducing balance.
  • The processing fee is 1% of the loan amount [Min AED 500; Max AED 2,500].
  • Loan repayment period is up to 48 months.
  • The early settlement fee for this finance is 1% of the outstanding amount (principal + profit) to date. All other outstanding profit is waived.
  • It is a requirement to transfer your salary to apply.