AI Hilal Bank Personal Loan Eligibility - Check out the Eligibility Criteria for AI Hilal Personal Loan in UAE like Minimum Salary, Age, Document Required, Nationality, Salary Transfer & More.
Among the most rewarding loans in the UAE, ADCB personal loans are available for both UAE nationals and ex-pats. With ADCB personal loans, an applicant can get a loan amount of up to 20 times their salary at competitive interest rates. Moreover, borrowers can get further advantages with these loans by earning TouchPoints, which can be used to get various rewards, cashback, and lucrative benefits.read more
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The ADCB Personal loan is one of the most rewarding loans in the region, with benefits such as membership in the ADCB rewards program.
Available for both UAE Nationals and Emirates, the applicants can apply for a loan amount that is up to 20 times their salary. Moreover, the interest rates offered as 5.25% and 6.25% for the expats and UAE Nationals respectively, make ADCB Islamic bank personal loan one of the highly claimed products in UAE.
Applicants will be charged the ADCB personal loan interest rate at a reducing rate, which gets reduced with every installment payment makes by the borrower. The rate of interest can be calculated using the ADCB personal loan calculator. This online tool is very useful to calculate ADCB bank personal loan interest rate.
ADCB Personal Loan Interest rate | ||||
---|---|---|---|---|
Category | Interest Rate | TouchPoints Offered* | Salary Transfer | Minimum Salary Required |
|
5.25% p.a. |
Minimum 200 TouchPoints per every AED 1,000 loan amount |
Required |
AED 5,000 |
|
6.25% p.a. |
Minimum 200 TouchPoints per every AED 1,000 loan amount |
Required |
AED 5,000 |
*Interest Rates are subject to change
The TouchPoints offered with an ADCB personal loan for expats or UAE Nationals can be redeemed for shopping vouchers across tons of malls in the UAE and for lifestyle purchases such as spa and massage treatments. The following are the number of TouchPoints earned basis on the loan amount:
The ADCB personal loan eligibility parameters are designed to assess an applicant’s creditworthiness and the risk of lending funds to them.
As per the ADCB personal loan requirements, the following ADCB personal loan documents need to be furnished:
These requirements may change as per ADCB's discretion. Applicants can refer to the ADCB customer care contact number for further information on the same.
The unique features of ADCB personal finance include:
Feature | Availability |
---|---|
Free Credit Card |
Yes |
Free Cheque Book |
Yes |
Salary Transfer |
Required |
Free Insurance Coverage |
Yes |
Phone Banking |
Yes |
Salary Overdraft |
Yes |
Here is a rundown on the benefits and features available on this consumer finance.
While applying for a personal loan with ADCB Bank, the applicants should be mindful of certain important aspects such as ADCB personal loan rate, ADCB personal loan interest, EMI, etc. Loan EMI is the amount one has to pay against a loan amount after applying the offered ADCB personal loan interest rate. The loan EMI is decided at the time of the loan agreement. However, one can calculate it even before applying by using personal loan EMI calculator. This monthly instalment calculator helps to get a rough idea on the EMI to be paid for a particular loan amount.
ADCB personal loan calculator helps the applicants calculate the loan EMI. In order to get an estimate on the EMI to be paid, the applicant can visit the official website of ADCB Bank. Go to the personal loan tab, browse through the ADCB personal loan calculator and provide the required information such as the loan amount, rate of interest, number of installments, etc. Once this information is submitted, the EMI calculator suggests the EMI options to be paid.
Q.1. Is there a method to calculate my ADCB personal loan EMI before applying?
Ans: Yes, ADCB Bank personal loan applicants can make use of an online loan calculator for the UAE ADCB loan for an estimate of the EMI. Applicants will require the interest rate, tenor and loan amount to calculate their monthly EMI.
Q.2. How long does it take for a loan application to get approved?
Ans: UAE residents that apply for an ADCB personal finance can expect a response within a day of submitting their form and quick approval processes. The application process for these loans for UAE nationals as well as for expatriates may be initiated online, over the phone or in-person at the ADCB branches.
Q.3. Is there an ADCB top-up personal loan?
Ans: Yes, loan top-ups are available for existing borrowers. These top-ups extend the total tenor and the borrowed amount. The interest rates may vary depending upon the additional amount that is availed of.
Q.4. Is there any early settlement fee?
Ans: ADCB personal loan borrowers are charged an early settlement fee depending on the type of loan. The table below details the fee charged:
Loan Type | Expatriates | UAE Nationals |
---|---|---|
ADCB loans |
1.5% of the loan outstanding amount |
1.5% of the loan outstanding amount |
Other banks’ loans |
5% of the loan outstanding amount |
5% of the loan outstanding amount |
Q.5. Does ADCB personal loan offers TouchPoints benefit
Ans: Loan holders can earn TouchPoints for every AED 1,000 of the borrowed amount over AED 10,000. These TouchPoints are rewards points that allow borrowers to avail of big discounts and promotions on retail purchases, lifestyle expenses and even travel costs.