Offers a personal loan to facilitate its client’s big purchases, or amalgamate high-interest debts. Nowadays, getting personal loans to accomplish various objectives and obligations is the best decision if your finance doesn’t allow you to meet the target. Getting married, having a business class holiday, and getting higher education from a renowned educational destination, buying a new well-furnished house for your beloved ones are some desires, which can come true by obtaining the ADIB personal loans. Personal loans offered by ADIB have low-interest rates than credit cards; people can use them to combine multiple credit card debts into a single, lower-cost monthly payment. Wow! What a straightforward approach ADIB bank offers for qualifying personal loan application approvals. ADIB bank divides the people applying for a personal loan into two categories:
• One is UAE citizens or nationals.
• Another category is of refugees, foreigners, also known as expatriates.
If we talk about the interest rate, these are the amounts of interests applied according to the sum’s proportion, borrowed, or deposited, on the due period. ADIB, an extensive banking line in Emirates, will prove itself as your best decision when you know that this interest rate is reducing category. It means that whenever the worthy client or borrower pays an installment then simultaneously, the ADIB personal loan interest rate decreases.
You will indeed be satisfied in getting ADIB personal loan when you through the below mentioned interest rates for ADIB personal loans:
ADIB personal loans for UAE nationals/ citizenship holder:
• The maximum amount of loan a UAE borrower can get – AED 3 Million
• ADIB personal loan interest rate- 6.75% to 20.00% p.a.
• Total tenure- 48 months or three years
• Reducing the type interest rate
• The maximum amount of loan a non-UAE borrower can get – AED 1 Million
• ADIB personal loan interest rate- 6.75% to 20.00% p.a.
• Total tenure- 48 months or three years
• Reducing the type interest rate
How useful is this? That the requirements or eligibility scenario for ADIB personal loans are quite similar for UAE and Non-UAE citizens. To be a competitive and appropriate ADIB personal loan application, you must have to fulfill the below mentioned easy tizzy requisites:
• You must be earning minimally 8,000 AED.
• You must not be less than 21 years at the time of application.
• You just need to transfer your salary.
• The age at the time of completion of tenor:
How can you apply for ADIB personal loan?
There are various methods by which you can apply for ADIB personal loans,
• You can apply online by just filling in your necessary personal information and making the ADIB aware of your required loan amount.
PERSONAL DOCUMENTS REQUIRED FOR ADIB PERSONAL LOANS:
Personal documents that the worthy client must keep or carry with him/her are easily accessible and direct papers required at the ADIB personal loan application. The documents necessary vary according to the category of client. Following documents are required for UAE nationals and expatriate:
• Original passport or photocopy
• Original or copy of Emirates ID
• Bank statement of 90 days or three months – conditionally that the borrower is not accrediting the salary to ADIB.
FOR EXPATS/FOREIGNERS:
• Original and valid passport along with embassy stamped residency visa.
• Three months statement of bank
The interest rate for the ADIB personal loan calculator is working online on the Abu Dhabi Islamic bank website. You can access the website online. Another way for calculating the interest rate is by the manual method. In this method, a formula for calculating the simple interest rate is used.