CBD Personal Loan for Expats

Overview

CBD offers personal loan for expats in order to fulfill their several cash requirements. The personal loan for expats offered by the CBD comes with attractive interest rates and low processing fees.

Features & Benefits of CBD Personal Loan for Expats:

CBD offers personal loan for expats. Given below are its key features & benefits:

  • High Loan Amount: The bank offers loan amounts of a maximum of 750,000 AED
  • Long Repayment Period: The borrower can enjoy a flexible tenor period of a maximum of 48 months.
  • No Minimum Balance: Current account with a requirement of no minimum balance
  • Personal Loan Top-up: Top-up of already existing personal loan offered by CBD.
  • Complimentary debit card: Free debit card is offered to the borrower
  • Deferment Facility Available: With this commercial bank of Dubai personal loan, the borrower can enjoy the deferment facility.
  • Buy-out Facility: Transfer or buy-out of personal loan from other banks (with or without topping up the loan amount).

Eligibility & Documents Required for CBD Personal Loan for Expats

Eligibility Criteria

Age Criteria

 Minimum 21 years & Maximum 60 years (at the time of loan maturity)

Minimum Income Required

8000 AED

Other Requirement

Confirmed employee or with minimum 6 months of experience with a CBD approved employer

 

Documents Required              

Proof of Identity/Address

Emirates ID, Passport & Resident Visa

Other Documents

  • Application form & loan agreement
  • Bank Statements of the last three months
  • Salary Transfer letter

 

Interest Rate on CBD Personal Loan for Expats

The interest rate on CBD personal loan starts from 5.50 percent reducing per year.

*Note: Interest rates are subject to individual profile as well as CBD credit analysis

Frequently Asked Questions

Q.1. What is a top-up loan?

If you already have an existing commercial bank of Dubai personal loan, and if your eligibility permits to borrow more loan amount then the bank will top-up your existing loan.

Q.2. Will I get any extra benefit along with this personal loan?

Yes, you will get a range of extra benefits such as a free debit card and also, flexible repayment option with this personal loan.

Q.3. If I have just recently joined a company in the UAE, will I be eligible for CBD personal loan?

If your company is a CBD approved employer & currently if you are a confirmed employee then you can avail a CBD personal loan.

Q.4. Is salary transfer to CBD mandatory?

Yes, it is mandatory.

Q.5. How is the interest rate calculated?

Personal loan interest rate for CBD is calculated on the basis of several factors such as loan amount, your employer, monthly salary, your existing debt, and some other credit parameters.