CBD Personal Loan for Expats

Great For

• High loan amounts.
• You can make up to two installment deferments per year.
• Free insurance with this finance.
  
  

  

 The Basics

AED 8,000 Min Salary

Reducing Reducing/Flat

from 3.27%

Flat Rate
(est. equivalent) ?

from 5.99%

Reducing Rate
(As Advertised) ?

1% Arrangement Fee

AED 1,000,000 Max Finance Amount

1%

Early Settlement Fee

Yes Salary Transfer

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Main Benefits

Earn loyalty points on every loan, Get the option to defer installments up to two times per year, get free insurance or takaful. Loan repayment period is up to 48 months.

Overview of features

• You require a minimum salary of AED 8,000 per month to be eligible for Northern Emirates and Sharjah and AED 10,000 for Dubai and Abu Dhabi.
• This rate is calculated on a reducing balance
• The reducing rate of this finance is 5.99% and the equivalent flat rate is 3.27%. The calculation used is a division of the reducing rate by 1.832 and this is indicative only.
• Interest rate varies between 5.99% to 12.25% depending on the salary and customer profile. This is a reducing rate.
• The processing fee is 1% of loan amount [Min AED 500; Max AED 2,500]
• Loan repayment period is up to 48 months.
• The early settlement fee is 1% of the remaining amount.
• It is a requirement to transfer your salary to apply.