More Details on Personal Loan

1. You don't have to pay installments for the first three months.
2. Specially designed for travelling, with high finance amounts.
3. It is a requirement to transfer your salary to apply.

Main Benefits

1. No installments for the first three months
2. Free ADIB VISA Cashback Card
3. Option to postpone two payments per year (for free).

Overview of features

1. This finance is sharia-compliant.
2. Finance repayment period is up to 48 months.
3. You require a minimum salary of AED 8,000 per month to be eligible.
4. It is a requirement to transfer your salary to apply.
5. The arrangement fee is 1% of the finance amount (min AED 500 and Max AED 2,500).
6. The early settlement fee is applied as per UAE Central Bank policy, which is 1% of the outstanding amount (principal + profit) to date, or AED 10,000, whichever is lower. The bank has the discretion to waive any or all of the total outstanding profit.
7. Takaful cover is 1.25% of the finance amount. Takaful is optional.
8. The rate is 7.75% calculated on a reducing balance. The rate varies depending on customer salary.
9. The reducing rate of this finance is 7.75% and the equivalent flat rate is 4.27%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
10. This rate is calculated on a reducing balance.

* 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.