CBD Personal Loan for UAE Nationals

Overview

Whether it is education, marriage or travel, CBD offers personal loan for UAE nationals at competitive interest rates so as to put their plans into action right away. Personal loan offered by CBD is tailored with flexible repayment options that give its borrower control over their finances.

Features & Benefits of the CBD Personal Loan for UAE Nationals

Following are the key features & benefits of the CBD personal loans for UAE Nationals:

  • High Loan Amount: CBD offers the highest loan amounts of a maximum of 3 Million AED.
  • Flexible Repayment Period: The borrower can enjoy a flexible tenor period of a maximum of 48 months.
  • No Minimum Balance Required: Current account with a requirement of no minimum balance.
  • CBD Personal Loan Top-up: Top-up of existing commercial bank of Dubai personal loan.
  • Complimentary debit card: The borrower can avail a free debit card.
  • Deferment Facility Available: With this CBD personal loan, the borrower can enjoy the deferment facility.
  • Buy-out Facility: Transfer/buy-out of CBD personal loan from other banks (with/without topping up the amount of loan)

Eligibility & Documents Required for CBD Personal Loans for UAE Nationals

Eligibility Criteria

Age Criteria

Minimum 21 years & Maximum 65 years (at the time of loan maturity)

Minimum Income Required

8000 AED

Other Requirement

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

Documents Required              

Proof of Identity/Address

Emirates ID & National ID

Other Documents

  • Application form & loan agreement
  • Original Bank Statements of the last 3 months
  • Salary Transfer letter

Interest Rate on CBD Personal Loan for UAE Nationals

CBD personal loan interest rate starts from 5.50% reducing (per annum).

*Note: Interest rates are based on the individual profile & CBD credit analysis

Frequently Asked Questions

Q.1 - Do I need to pay any processing fee?

Yes, you need to pay 1 percent processing fee while applying for CBD personal loan.

Q.2. What is top-up loan all about?

If you already have an existing CBD personal loan, and if you are eligible to borrow more loan amount then CBD will top-up your existing loan.

Q.3. What is the repayment tenor for CBD personal loan?

The maximum tenor is up to 48 months.

Q.4. Is salary transfer to CBD required?

Yes, it is mandatory.

Q.5. What is the maximum loan amount available with a personal loan for UAE Nationals offered by CBD?

The maximum loan amount is up to 3 million AED for UAE Nationals.