Who can apply for the CBD Personal Loan?
To apply for the CBD Personal Loan, UAE nationals must be between 21 and 65 years old by the time the loan is repaid. Expatriates are also eligible if they’re aged between 21 and 60 and employed by a CBD-approved company.
In addition, the minimum monthly salary required is AED 8,000. These criteria ensure that only individuals with a stable income and repayment capacity can access the benefits of the CBD Personal Loan.
Requirements to apply for the CBD Personal Loan
✔ Completed loan application form and agreement
✔ Valid Emirates ID, passport copy, visa, and national ID (for UAE nationals)
✔ Last 3 months of original bank statements (for new CBD customers)
✔ Salary transfer letter from your employer
A tip for you!
Before asking yourself who can apply for the CBD Personal Loan, take a moment to review your income and monthly obligations. Ensuring your installments fit into your budget helps avoid stress down the road.
It’s also wise to account for any unforeseen circumstances that might affect your ability to repay. Keeping a financial buffer for emergencies is always a good idea when taking on new financial commitments.
Lastly, at Utua we suggest that anyone wondering who can apply for the CBD Personal Loan should also compare it with other options available in the market. This helps make a smart and informed financial decision.
What are the rates for the CBD Personal Loan?
The CBD Personal Loan offers competitive annual interest rates starting at 5.50%, depending on your credit profile. A processing fee of 1% applies, with a minimum of AED 525 and a maximum of AED 2,625.
Early settlement of the loan incurs a 1% fee on the remaining balance, capped at AED 10,500. These rates align with UAE Central Bank regulations.
It’s essential to understand these charges before applying to avoid surprises and keep your finances under control throughout the loan term.
How to apply for the CBD Personal Loan?
To apply, gather your documents and visit any CBD branch. You can also start the process online via the official CBD website by filling out the application form and waiting for a representative to contact you with the next steps.
Want to know how to apply for the CBD Personal Loan? Click the button below and discover everything you need to begin your application now.