ADIB Personal Finance for Expats

Great For

• Postpone installments for the first three months.
• Option to get Takaful protection scheme to cover the entire outstanding against death and permanent total disability.

  
  
  

  

  The Basics

  AED 5,000 Min Salary

  Reducing Reducing/Flat

  3.53%
  

  Flat Rate
  (est. equivalent) ?

  6.49%
  

  Reducing Rate
  (As Advertised) ?

  1% Upfront Fee

  AED 1,000,000 Max Finance Amount

  1%
  

  Early Settlement Fee

  Yes Salary Transfer

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  Main Benefits

  No installment for the first three months with ADIB
  Free Visa Cashback Card Card
  Free postponement option
  Optional Takaful protection scheme to cover the entire outstanding against death and permanent total disability.

  Overview of features

  • You require a minimum salary of AED 5,000 per month to be eligible.
  • This rate is calculated on a reducing balance
  • The reducing rate of this finance is 6.49% and the equivalent flat rate is 3.53%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only
  • The rate is 6.49% calculated on a reducing balance. The rate varies depending on customer salary and whether the salary is transferred to the bank or not.
  • The arrangement fee is 1% of the finance amount (min AED 500 and Max AED 2,500).
  • Finance repayment period is up to 48 months.
  • The early settlement fee is applied as per UAE Central Bank policy, which is 1% of the outstanding amount (principal + profit) to date, or AED 10,000, whichever is lower. The bank has the discretion to waive any or all of the total outstanding profit.
  • It is a requirement to transfer your salary to apply.