Imagine having the funds to tackle unexpected financial needs, pay for education, or pay your debts easily. ADCB (Abu Dhabi Commercial Bank) makes this possible with its personal loans, offering good interest rates, flexible repayment options, and simple paperwork. ADCB is well-known for its digital banking, offering services like mobile banking, phone banking, internet banking, and SMS banking to meet the needs of tech-savvy customers. ADCB personal loans are very popular among both UAE nationals and expats. In this article, we’ll look at the features, benefits, eligibility, application process, and other important details of the best ADCB personal loan in UAE.
Here are the Best ADCB Personal Loans in UAE
You can learn more about the best ADCB personal loans in UAE mentioned below:
ADCB Personal Loan For Expats:
Key Features:
- Interest Rate: Competitive reducing rates starting from 5.75% per annum
- Loan Amount: Up to AED 1,000,000.
- Repayment Tenure: Up to 48 months.
- Approval: Fast approvals with simple documentation.
- Free Credit Card: Get a free ADCB credit card.
Eligibility:
- Minimum monthly salary: AED 5,000.
- Age: Should be 21 – 60
- Employment: Must be employed with an ADCB-approved company.
Required Documents:
- Completed application form.
- Passport, valid UAE visa & EIDA card copy
- Emirates ID.
- Salary certificate and bank statements (last 3 months).
- The salary certificate was issued to ADCB 30 days or less from the loan application date.
- Salary transfer letter
- Up-to-date details of existing loans and liabilities.
Note: The bank might ask for more documents if needed. Make sure to submit them on time to speed up your loan application.
How to apply?
- Visit this URL.
- Scroll down, enter your basic information, such as your name, mobile number, email address, country of residence, and whether you are an existing customer, and click “Next.”
- Enter your DOB, emirate of residence and employment type and click “Submit”.
- The respective authorities will get back to you once they receive your application.
Other ways to apply:
ADCB Personal Loan Customer Care:
- Contact centre: You can call them at 600 50 2030 who are available 24/7.
- Apply through SMS: SMS ‘PIL’ to 2626 from mobile number.
- Visit branches: You can visit the nearest branch to inquire more about the loan.
ADCB Personal Loan For UAE Nationals:
Key Features:
- Interest Rate: Competitive reducing rates starting from 5.24% per annum
- Loan Amount: Up to AED 4,000,000.
- Repayment Tenure: Up to 60 months.
- Approval: Fast approvals with simple documentation.
- Free Credit Card: Get a free ADCB credit card.
- Salary overdraft: Get up to 3 times salary overdraft.
Eligibility:
- Minimum monthly salary: AED 5,000.
- Age: Should be 21 – 65
- Employment: Must be employed with an ADCB-approved company.
Required Documents:
- Completed application form.
- Passport and EIDA card copy
- Emirates ID.
- Salary certificate and bank statements (last 3 months).
- The salary certificate was issued to ADCB 30 days or less from the loan application date.
- Salary transfer letter
- Up-to-date details of existing loans and liabilities.
Note: The bank might ask for more documents if needed. Make sure to submit them on time to speed up your loan application.
How to apply?
- Visit this URL.
- Scroll down, enter your basic information, such as your name, mobile number, email address, country of residence, and whether you are an existing customer, and click “Next.”
- Enter your DOB, emirate of residence and employment type and click “Submit”.
- The respective authorities will get back to you once they receive your application.
Other ways to apply:
ADCB Personal Loan Customer Care:
- Contact centre: You can call them at 600 50 2030 who are available 24/7.
- Apply through SMS: SMS ‘PIL’ to 2626 from mobile number.
- Visit branches: You can visit the nearest branch to inquire more about the loan.
ADCB Personal Loan Benefits:
ADCB personal loans have several features to meet your financial needs:
- Flexible Loan Amounts: Borrow between AED 5,000 to AED 1,000,000 based on your eligibility.
- Competitive Interest Rates: Enjoy competitive interest rates that depend on the loan amount and duration.
- Flexible Repayment Terms: Choose a repayment period between 6 to 48 months.
- Quick Processing: Fast approval and fund disbursal so you get your money when needed.
- Simple Documentation: Easy application process with minimal paperwork.
ADCB Personal Loan TouchPoints Eligibility:
| ADCB Product | TouchPoints Awarded on | TouchPoints Earned for Every AED 1,000 | Cap |
| Personal Loan | Net Loan Amount (AED 10,000 and above) | 75,000 | |
| AED 10,000 – AED 150,000 | 200 | ||
| Over AED 150,000 | 300 |
ADCB Personal Loan Requirements
To apply for an ADCB personal loan, you need to meet the following requirements:
| Requirement | Details |
| Age Requirement | You must be at least 21 years old. |
| Maximum Age Limit | Expatriates: The loan must be fully repaid by age 60.UAE Nationals: Loan must be fully repaid by age 65. |
| Minimum Monthly Income | You must have a stable income of at least AED 5,000 per month. |
| Current Account with ADCB | You don’t need to be an existing ADCB customer. However, you must open a Current Account with ADCB and transfer your salary for loan repayment. |
| Salary and End-of-Service Benefits Transfer | You must transfer your salary and end-of-service benefits (gratuity) to your ADCB account. |
| Documents Required | Completed loan application formCopies of bank statements for the last three monthsSalary transfer letterInformation about existing loans or liabilitiesSalary certificate (issued within 30 days of the loan application)Valid passportCopy of Emirates ID (EIDA card) |
ADCB Personal Loan Apply Online
Here’s how you can apply for an ADCB personal loan online:
- Visit the official website of ADCB.
- Go to the menu, click “Loans” and then “Personal Loans”.
- Select the type of loan you need. (for expats or UAE nationals)
- Scroll down on the respective loan page, enter your basic information, such as your name, mobile number, email address, country of residence, and whether you are an existing customer, and click “Next.”
- Enter your DOB, emirate of residence and employment type and click “Submit”.
- The respective authorities will get back to you once they receive your application.
Final Takeaway:
So that was all about the best ADCB personal loans in UAE. ADCB personal loans offer a simple and flexible way to meet your financial needs. Good interest rates, flexible repayment terms, and easy paperwork make them a great choice for UAE residents. Make sure you meet the eligibility criteria and have all the important documents ready for a smooth application process. For more information, visit the ADCB website or contact their customer service.
Frequently Asked Questions (FAQs):
Q. What is the minimum salary for an ADCB personal loan?
You need a fixed monthly salary of AED 5,000 or more.
Q. Do I need to be an existing ADCB account holder or customer to apply for a personal loan?
No, you do not need an account or to be an existing customer of ADCB to get a personal loan.
