CBD Personal Loan

Minimum Salary
8.000,00 د.إ

Flat Rate
2.75%

Reducing Rate
AED 5.99%

Maximum Term
4 Years

Monthly Payment
AED 1,950

Description

Commercial Bank of Dubai (CBD) provides salaried personal loans at reducing rates from 5.50% to 18% p.a., with finance multiples up to 20× salary, tenures up to 48 months (60 months for select segments), and a clear fee structure. Key advantages include quick digital approval, flexible deferments, and optional insurance protection.

Features

Interest Rates and Loan Amounts

CBD personal loans feature reducing-balance interest determined by customer profile, salary, employer, and tenor:

Rate Range:50% to 18% p.a.
Loan Amounts:
- UAE Nationals: up to AED 2.5 million
- Armed Forces: up to AED 1.5 million
- Pensioners: up to AED 1 million
- Expatriates: up to AED 750,000
- Quick/Digi Loans: up to AED 150,000 (no salary transfer)

Eligibility Criteria

All applicants must satisfy:

Age: 21–65 years (Nationals); 21–60 years (Expats) at loan maturity
Salary:
- Standard loans: ≥ AED 8,000/month with mandatory salary transfer to CBD
- Quick/Digi loans: ≥ AED 10,000/month (no salary transfer)
Employment Tenure: ≥ 6 months confirmed service with a CBD-approved employer (3 months for Nationals)
Credit Bureau: Consent for Al Etihad Credit Bureau check

Schedule of Fees and Charges

Fee Type	Charge
Processing Fee (Salary-transfer loans)	1% flat of finance amount (Min AED 525, Max AED 2,625)
Processing Fee (Quick/Digi loans)	0.5% flat of finance amount (Min AED 525, Max AED 787.50)
Life Insurance Premium	From 0.82% of total finance value
Instalment Postponement	AED 105 per deferment
Rescheduling Fee	AED 262.50 for loans; AED 250 for overdrafts
Late Payment Penal Charge	Max AED 200 per missed instalment
Part-Payment / Early or Final Settlement Fee	1% of outstanding balance (Max AED 10,500)
Issuance of Liability Letter	AED 63
Over-limit Charge (Overdrafts)	Additional 2% on excess amount

(All fees inclusive of VAT unless stated otherwise)

Documents Required

Applicants must submit:

Completed CBD Personal Loan application and loan agreement
Passport copy (and UAE residence visa for Expats)
Emirates ID or National ID copy
Salary certificate or salary transfer letter (issued within 30 days)
Last 6 months’ bank statements for new customers
Security cheque (up to 120% of loan amount)

Additional Info

High Salary Multiples: Up to 20× monthly salary for Nationals; 15× for Expats; overdrafts up to 75% of salary.
Flexible Tenures: 12–48 months (up to 60 months for Armed Forces) with no collateral required.
Quick Digital Processing: Pre-approval and disbursement via CBD mobile app within days.
Instalment Deferments: Postpone payments at nominal fees to manage cash flow.
Cooling-Off Period: Five-business-day right to cancel with full fee refund.
Optional Insurance: Credit life insurance covers death, disability; premiums added to instalments.
Overdraft Options: Salary-transfer and fixed-deposit overdrafts available with competitive margins