ADCB Personal Loans Comparison

Minimum Salary
5.000,00 د.إ

Flat Rate
3.69%

Reducing Rate
AED 4.99%

Maximum Term
4 Years

Monthly Payment
AED 2,450

Description

ADCB offers competitive personal loans for both UAE Nationals and Expatriates with flexible tenures, attractive interest rates, and a transparent fee structure. Eligibility starts at a minimum salary of AED 5,000, with streamlined documentation and value-added benefits such as Credit Life Insurance and TouchPoints rewards.

Features

Loan Types and Interest Rates

ADCB provides two primary personal loan categories:

UAE Nationals:
- Fixed/Variable rates (EIBOR + margin) with a Floor Rate of 5%.
- Example: If 3-month EIBOR is 1.35% and margin is 4%, rate = 5.35%.
- Maximum loan up to AED 4,000,000; minimum AED 15,000.
Expatriates:
- Reducing balance rates starting from 49% p.a.
- Loan amounts up to AED 1,500,000; tenures up to 48 months.

Eligibility Criteria

Both Nationals and Expats must meet the following core requirements:

Age: 21–65 years.
Minimum monthly salary: AED 5,000.
Employment: Salary credited to an ADCB current account or via approved employer.

Additional for Nationals:

Income verification from reputed employer listed (or eligible) with ADCB.

Additional for Expats:

Employment with an ADCB-approved company.

Detailed Schedule of Fees and Charges

Fee Type	Charge
Processing Fee (Fresh & Buy-out Loans)	1% of loan amount (Min AED 500, Max AED 2,500)
Processing Fee (Top-ups)	1% of top-up amount (Min AED 500, Max AED 2,500)
Credit Life Insurance	Up to 1% of loan amount
Early Settlement (Same Bank)	1% of outstanding balance
Early Settlement (Other Banks)	1% of outstanding balance
Partial Payment	1% of partial payment amount
Deferment of Installment	AED 100 per deferment
Delayed Payment Penal Interest	2% of delayed amount (Min AED 50, Max AED 200)
Loan Rescheduling Fee	AED 250
Loan Cancellation Fee	AED 100

Documents Required

Applicants should prepare:

Completed ADCB Personal Loan application form.
Passport copy, valid UAE visa and Emirates ID.
Salary certificate (issued within 30 days) and last 3 months’ bank statements.
Salary transfer letter.
Details of existing loans/liabilities.
Additional documents if requested by ADCB.

Additional Info

Competitive Rates & High Multiples: Nationals can borrow up to AED 4 million; Expats up to AED 1.5 million, at rates from 5% (floor) and 6.49% respectively.
Flexible Tenures: Up to 48 months for Expats; tailored repayment for Nationals.
Credit Life Insurance: Covers death and total permanent disability for peace of mind.
ADCB TouchPoints: Earn up to 150 points for every AED 1,000 borrowed (cap AED 75,000).
Value-added Perks: Free ADCB credit card, salary overdraft facility (2× salary for Expats), and quick digital application.
Transparent Process: Clear eligibility, straightforward documentation, and prompt approvals.