If you are a UAE resident or national looking for reliable and flexible Personal Finance solutions, ADIB has got you covered! With finance amounts of up to AED 1 million for UAE residents and AED 3 million for UAE nationals, ADIB offers an array of benefits that cater to your financial needs. In this article, we will explain the key features of ADIB Personal Loans, making it easier for you to understand and access this valuable financial service.
Benefits of ADIB Personal Loan
- Finance Amounts: ADIB offers finance amounts of up to AED 3 million for UAE nationals and AED 1 million for expatriates. This allows you to access substantial funds to fulfill your financial goals.
- Competitive Profit Rates: We provide competitive profit rates, ensuring that you can manage your finances effectively without facing excessive burdens.
- Flexible Repayment Terms: With ADIB, you get the flexibility of choosing repayment terms that suit your financial capabilities. Repayment periods can extend up to 48 months, allowing you to plan your finances with ease.
- Instalment Postponements: ADIB offers the convenience of two instalment postponements in a year, providing you with the breathing space you may need during unexpected circumstances.
- Quick Pre-approval Process: Our efficient pre-approval process takes only 30 minutes, saving you time and enabling you to access funds promptly.
- Grace Period: You get a grace period of up to 120 days, giving you ample time before the repayment process begins.
- Finance Amounts: For UAE nationals, ADIB provides finance amounts of up to AED 3 million, while expatriates can avail up to AED 1 million, making it an accessible option for individuals from all walks of life.
- Competitive Profit Rates: ADIB ensures that the profit rates offered are competitive, making your financial journey smooth and cost-effective.
- Flexible Repayment Terms: The repayment terms can extend up to 48 months, providing you with ample time to repay the loan without straining your finances. Additionally, you can enjoy a 90-days instalment holiday for the first payment, which is a great relief when you need some time to settle in.
- Instalment Postponements: ADIB allows you to postpone up to 2 instalments in a year without incurring any additional fees. This feature comes in handy during emergencies or times of financial uncertainty.
- Optional Personal Finance Takaful Coverage: For your peace of mind, ADIB offers personal finance Takaful coverage, ensuring that the outstanding balance of up to 2.5 million is secured.
Documents Required
To apply for ADIB Personal Finance, you will need the following documents:
- Original and copy of valid passport (with valid residence visa for expatriates)
- Original and copy of valid Emirates ID
- Fresh salary transfer letter / Salary certificate addressed to ADIB
- Three months bank statement (if salary not credited to ADIB)
Important Information
Before applying for ADIB Personal Loan, consider the following important details:
- Salary transfer to ADIB is required.
- Applicants must be employees of approved list of employers in ADIB.
- The minimum salary requirement is AED 8,000.
- The minimum age at the time of application should be 21 years.
- The maximum age at the time of completion of finance tenor should be 65 years for UAE Nationals and 60 years for expatriates.
How to Apply for ADIB Personal Loan?
Applying for ADIB Personal Loan is simple and can be done in two ways:
Online Application
- Visit the ADIB official website.
- Fill in your personal details in the online application form.
- The concerned person will get back to you.
In-Person Application
- Locate your nearest ADIB branch.
- Visit the branch and meet with a representative.
- Fill in the application form with your personal details.
- Submit the required documents to the representative.
- Await the approval process.
- Upon approval, you will receive the finance amount in your ADIB account.
ADIB Personal Loans are a reliable and flexible financial solution that can empower you to achieve your life goals. With competitive profit rates, flexible repayment terms, and a quick application process, ADIB provide the best possible financial support.
FAQ
What is the maximum finance amount for UAE nationals?
ADIB offers finance amounts of up to AED 3 million for UAE nationals.
Can expatriates apply for ADIB Personal Loan?
Yes, expatriates can apply for ADIB Personal Loan with loan amounts of up to AED 1 million.
How long does it take to get pre-approved?
ADIB provides quick pre-approval within 30 minutes of application.
What is the tenure for repayment?
The repayment terms can extend up to 48 months.
Is personal finance Takaful coverage mandatory?
No, personal finance Takaful coverage is optional, but it provides valuable security for the outstanding balance.
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