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:
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:
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:
For non-UAE citizens: up to 60 years
While making earnings of AED 5,000, you are still applicable for ADIB personal loans. You have an opportunity to avail of personal loans at a flat rate of 3.72% for UAE nationals and 3.85% for ex-pats. The reducing rate of interest at each installment is 6.75% for UAE nationals and 6.99% for ex-pats.
The worthy ADIB personal loan holder also enjoys the TAKAFUL insurance as we all know that loans are mostly borrowed to fulfill the desires of life with our families. This insurance ensures the financial protection of your family and beloved ones in abrupt unfortunate circumstances of life. In death and permanent disability in any mishap in life, Takaful insurance will facilitate the worthy ADIB persona loan borrower. AbuDhabi Takaful Co. is the company that will pay the loan up to AED 2 million of the borrowers.
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 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 the client. Following documents are required for UAE nationals and expatriate:
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.