ADIB Personal Finance

Minimum Salary
8.000,00 د.إ

Flat Rate
3.69%

Reducing Rate
AED 4.99%

Maximum Term
48 Months

Monthly Payment
AED 2,570

Description

Abu Dhabi Islamic Bank (ADIB) offers Shariah-compliant personal finance solutions with profit rates starting from 4.59% p.a., high finance multiples (up to 8× salary), flexible tenures up to 48 months, and transparent fees. Attractive perks include up to 210 days’ instalment holiday, two annual payment postponements at no charge, and optional Takaful coverage.

Features

Profit Rates and Finance Amounts

ADIB Personal Finance uses a reducing profit rate structure:

UAE Nationals:
- Starting profit rate from 59% p.a.
- Finance up to AED 3,000,000.
Expatriates:
- Starting profit rate from 59% p.a.
- Finance up to AED 2,000,000.

Profit rates vary by customer profile, employer classification, and tenure.

Eligibility Criteria

Both UAE Nationals and Expats must meet:

Age: 21–60 years (at application).
Minimum Salary: AED 8,000 p.m.
Employment Tenure:
- Nationals: Confirmed service or ≥3 months.
- Expats: Confirmed service or ≥6 months.
Salary Transfer: Required to ADIB account.

Additional conditions may apply based on employer category and credit history.

Schedule of Fees and Charges

Fee Type	Charge
Processing Fee (New Finance or Top-up)	1% of finance amount (Min AED 500, Max AED 2,500)
Early/Partial Settlement (Murabaha)	Lower of 1% of outstanding Murabaha cost or AED 10,000
Instalment Postponement	Up to 2 per year – Free
First Instalment Holiday	Up to 210 days (7 months) – Free
Al Etihad Credit Bureau Fee	AED 21
Direct Debit Authority (DDA) Setup	AED 100
Changing Post-Dated Cheque	Free
Delayed Payment Charity Donation	AED 100 (one-off charitable donation if instalment missed)
Takaful Protection (Optional)	Based on outstanding balance up to AED 2.5 million

Documents Required

Applicants should submit:

Original and copy of valid passport (and UAE residence visa for expats).
Original and copy of valid Emirates ID.
Recent salary transfer letter or salary certificate addressed to ADIB (issued within 30 days).
Latest 3 months’ bank statements (if salary not credited to ADIB).
Any existing financing statements or liability details.
Al Etihad Credit Bureau consent form for credit check.

Additional Info

Competitive Profit Rates: From 4.59% p.a. on reducing balance.
High Finance Multiples: Up to 8× monthly salary, subject to eligibility.
Flexible Repayment: Tenures up to 48 months.
Generous Instalment Holiday: Up to 210 days before first payment.
Complimentary Postponements: Two instalment deferments per year at no charge.
Optional Takaful Coverage: Protects outstanding balance up to AED 2.5 million.
Fast Pre-approval: Decisions within 30 minutes and digital application.
Salary Overdraft Facility: For selected segments.