The ADCB Personal Loan for UAE Nationals offers a tailored solution for those seeking financial support. Below, we’ll guide you through the application process, eligibility criteria, and key features.
Eligibility requirements
☑️ Minimum salary of AED 5,000 per month
☑️ UAE National, aged 21 or above
☑️ Employed by a company listed or eligible for listing with ADCB
☑️ Salary transfer to ADCB is mandatory
☑️ Good credit history and no major outstanding liabilities
Required documents
📄 Completed loan application form
📄 Valid passport and Emirates ID copy
📄 Salary certificate issued within 30 days
📄 Last three months’ bank statements
📄 Salary transfer letter from your employer
Approval depends on fulfilling these requirements. The bank reserves the right to request additional documentation.
How to Apply for the ADCB Personal Loan for UAE Nationals
Applying for the ADCB Personal Loan is simple and efficient. Start by downloading the ADCB Hayyak app, which offers a fully digital and user-friendly process. Through the app, you can complete the application, upload the necessary documents, and track your progress in real-time.
Alternatively, visit your nearest ADCB branch, where a dedicated relationship manager will guide you through the process. Ensure all documents are prepared to avoid delays. ADCB may also offer additional benefits, like reduced processing fees and bonus TouchPoints, for applications completed via the app.
Loan approval depends on internal evaluations, but if denied, you can reapply after addressing the reasons for rejection.
Fees and costs
The ADCB Personal Loan for UAE Nationals comes with competitive rates, but it’s essential to consider the following costs:
🔴 Interest rates: Starting from 5.24% (reducing balance)
🔴 Processing fee: One-time, up to 1% of the loan amount (discounts available through the Hayyak app)
🔴 Insurance fee: Optional credit life insurance, charged as a one-time fee
🔴 Late payment penalties: AED 200 per delayed installment
Always refer to ADCB’s terms and conditions for the latest fee structure.
This loan in a nutshell
The ADCB Personal Loan for UAE Nationals is a robust financial solution, offering loan amounts from AED 15,000 up to AED 4,000,000, depending on your income and eligibility. With repayment terms extending up to 48 months, this loan provides flexibility to plan finances over a manageable timeframe. The competitive interest rates, starting at 5.24% annually on a reducing balance, make it a cost-effective choice for a variety of needs, from consolidating debts to funding significant life projects.
Borrowers also benefit from ADCB’s TouchPoints program, earning rewards for every AED 1,000 of the loan amount. These points can be redeemed for various perks, adding extra value to your financial journey. However, it’s essential to note that transferring your salary to an ADCB account is a mandatory requirement, as it ensures seamless repayments. Additionally, borrowers should be mindful of potential charges, such as fees for early settlement or late payments.
With its attractive terms and user-friendly application process, the ADCB Personal Loan for UAE Nationals is an excellent option for those seeking reliability, transparency, and added benefits in their financial solutions.
Ready to take the next step?
Start your application today and unlock a world of financial possibilities with ADCB!