More Details on Personal Loan

Short Details

1. Earn Touch Points on loan amount.
2. Low salary requirement to apply for this loan.
3. High loan amounts with low interest rates when salary is transferred.
4. The rate applicable will depend on your salary.
5. There is an early settlement and arrangement fee.
6. Max Finance AmountAED 1,500,000

MAIN BENEFITS

1. Consolidation of loans available
2. Simple documentation
3. Free ADCB Credit Card
4. Up to 2 times salary overdraft
5. 200 TouchPoints will be earned for every AED 1,000 of loan amount, when loan amount is AED 150,000 or less
6. 300 TouchPoints will be earned for every AED 1,000 of loan amount, when loan is above AED 150,000

OVERVIEW OF FEATURES

1. Loan repayment period is up to 48 months.
2. You require a minimum salary of AED 5,000 per month to be eligible.
3. It is a requirement to transfer your salary to apply.
4. The processing fee is 1.05% [Min AED 525].
5. The early settlement fee for this finance is 1.05% of the outstanding amount (principal + profit) to date. All other outstanding profit is waived.
6. The Insurance fee is 1.05%
7. Interest rate ranges from 4.75% to 14.25% based on your salary bracket
8. The reducing rate of this finance is 8.86% and the equivalent flat rate is 4.75%. The calculation used is a division of the reducing rate by 1.865 and this is indicative only.

* This product is subject to eligibility conditions and may not be available for all applicants. Eligibility conditions are set by the service provider and may be subject to change.