Benefits of Taking an ADCB Personal Loan Online

Benefits of Taking an ADCB Personal Loan OnlinePolicybazaarAverage Rating / 5 ( reviews)
225 Views

A personal loan is a powerful financial weapon and has quite the potential to help a loan seeker in tackling any temporary financial trouble. These loans are easy to avail and are offered by most of the top lenders.

Whether you require gathering funds for a wedding in your family, going or a family vacation, consolidating your existing debt, or buying your much-eyed vehicle, a personal loan in UAE can help you with any such situation that requires funds temporarily, helping you in overcoming any financial shortcomings. The repayment structure is flexible and you have enough time at hand to repay the loan without taking any burden.

In the UAE, there are numerous personal loan providers in the market offering numerous perks to the loan seekers. One of the top providers in the UAE is the Abu Dhabi Commercial Bank. There are 2 variants of the ADCB personal loan, read on to find out about them along with the benefits of applying for them online.

ADCB Personal Loan

As mentioned previously, ADCB offers two types of personal loans, they are as follows:

Personal Loan for Expatriates

This is a customized solution offered by ADCB to suit the ambitions of the loan seekers. They make it a point to delivering their promise to offer products and services that cater to all the members. They have come up with cost-effective, flexible personal loan in uae for expats people.

The following are the key features of the ADCB Personal Loan for Expatriates:

  1. Interest rates starting from as low as 6% per annum.
  2. The option of salary overdraft for up to 2x with flexible eligibility requirements.
  3. The chance to earn up to 300 TouchPoints on the loan amount for every AED 1,000.

The eligibility for the TouchPoints is as follows:

Product

TouchPoints Earned on

TouchPoints Earned

Cap

 

ADCB Personal Loan

TouchPoints will be awarded when the amount of the loan is equal to or more than AED 10,000

TouchPoints are earned for the loan amount of every AED 1,000

 

75,000

 

More than AED 10,000 and less than or equal to AED 150,000

200

More than AED 150,000

300

 

The following are the numerous benefits offered with the ADCB Personal Loan for Expatriates:

  1. High salary multiples
  2. Affordable interest rates
  3. Consolidation of loan is available
  4. Easy documentation
  5. Credit life insurance (additional one-time fee is applicable)
  6. Free ADCB credit card
  7. Involuntary loss of job cover (at additional money fees)
  8. Salary overdraft of up to two times

Below are the documents you will be required to present to apply for the ADCB Personal Loan for Expatriates:

  1. Completed application form
  2. Valid Visa, Passport, and copy of EIDA card
  3. Bank statement of the last 3 months
  4. Salary transfer letter
  5. Salary certificate – to be issued to ADCB and should be dated less than or equal to 30 days from the loan application date
  6. Details of any existing liabilities and loans

Personal Loan for UAE Nationals

This is a customized solution offered by ADCB to suit the ambitions of the loan seekers. ADCB offers the UAE nationals attractive interest charges, extended loan period, flexible eligibility requirements, and higher salary multiples.

The following are the key features of the ADCB Personal Loan for UAE National:

  1. Interest rates starting from as low as 5% per annum.
  2. The option of salary overdraft for up to 3x with flexible eligibility requirements.
  3. The chance to earn up to 300 TouchPoints on the loan amount for every AED 1,000.

The eligibility for the TouchPoints is as follows:

Product

TouchPoints Earned on

TouchPoints Earned

Cap

 

ADCB Personal Loan

TouchPoints will be awarded when the amount of the loan is equal to or more than AED 10,000

TouchPoints are earned for the loan amount of every AED 1,000

 

75,000

 

More than AED 10,000 and less than or equal to AED 150,000

200

More than AED 150,000

300

 

The following are the numerous benefits offered with the ADCB Personal Loan for UAE Nationals:

  1. High salary multiples
  2. Affordable interest rates
  3. Consolidation of loan is available
  4. Easy documentation
  5. Credit life insurance (additional one-time fee is applicable)
  6. Free ADCB credit card
  7. Involuntary loss of job cover (at additional money fees)
  8. Salary overdraft of up to three times

Below are the documents you will be required to present to apply for the ADCB Personal Loan for Expatriates:

  1. Completed application form
  2. Valid Passport, and EIDA card
  3. Bank statement of the last 3 months
  4. Salary transfer letter
  5. Salary certificate – to be issued to ADCB and should be dated less than or equal to 30 days from the loan application date
  6. Details of any existing liabilities and loans

Benefits of Applying for an ADCB Personal Loan Online

With the digital era taking over, and every service being offered on online platforms life has become easy. So has raising finance for your requirements. There are various benefits attached to applying for a personal loan in UAE using the online platforms, find out more below.

Accessible Anytime and Anywhere

One can easily apply online for a personal loan in UAE by simply uploading documents online with the application form. And just with this, you are done! If you meet the eligibility requirements and your provided documents are verified, your form will be approved within a matter of minutes or hours, and the amount will be disbursed and credited to your account.

Tracking the ADCB Personal Loan Status

Once applied for the ADCB Personal Loan, you can simply track the status of your loan application online with the help of the loan application number. This can help you in managing your loans online and accessing any information regarding tenure, balance, interest, and so on.

Minimal Documentation

The documentation required for applying for an ADCB personal loan online is minimal and can be easily carried out in a matter of minutes.

Faster Processing

Online personal loans are very quick, and save a lot of time of the applicant. The manually working loans require longer to process, which is not the case for the computer-operated online ones.

The Bottom Line

The days when it was tough and time-consuming to obtain a personal loan are far gone. In today’s age, there is no need for physical documentation and multiple bank visits. You can just apply online without any hassle and get approved in as little as a few minutes.

How helpful was this page?
You May Like