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ADCB Credit Card Loan

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ADCB is one of the best-performing banks in the UAE. The bank offers various banking products, including bank accounts, credit cards, fixed deposits, loans, mortgages, and more for both individual and corporate customers.

ADCB credit cards offer various compelling features to help cardmembers get the most out of their credit cards. The features and benefits include balance transfer, cash in advance, travel insurance, purchase protection, airport lounge access and more. 

The bank offers different types of loans with reasonable interest rates to support its customers financially. One of the loans that the bank offers is a credit card loan. In this post, we will help you learn about how an ADCB credit card loan works and how you can get one with great ease. 

What is Abu Dhabi Commercial Bank (ADCB) Credit Card Loan?

ADCB credit card loan is an amount the ADCB credit card members can borrow against their ADCB credit card based on their usage and credit card limit. The cardmembers can borrow this loan to meet their financial requirements and then repay it in easy monthly EMIs. 

Not all ADCB credit card members can opt for this type of loan. They can visit the bank’s website to check their eligibility before applying for the same. The applicants do not need to go through any additional documentation or provide collateral to get the loan approved. The bank simply goes through the repayment history, credit score, etc., and checks the eligibility. 

The ADCB credit card members can apply for different types of loans such as credit card loans, cash in advance, balance transfer on EMI, and more against their credit card. ADCB enables eligible cardmembers to borrow the loan amount within or more than their credit limit. The loan amount may vary for different cardmembers, depending upon their credit history.

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Types of ADCB Credit Card Loans

Here are the types of ADCB credit card loans that the applicants can opt for. 

  • Instant Loan on Credit Card
  • Cash In Advance
  • FlexiPay
  • Installment Payment Plans
  • Balance Transfer on EMIs

Instant Loan on Credit Card

ADCB enables cardmembers to get an instant cash loan against their ADCB credit card. The loan amount can be equal to or more than the credit limit depending upon the eligibility. These are unsecured loans and the cardmembers do not need to provide any collateral to get the loan approved. The cardmembers can divide the loan amount into monthly EMIs and repay it while managing their finances.

Particulars

Abu Dhabi Commercial Bank Credit Card Cash Loan Details

Eligibility

Abu Dhabi Commercial Bank credit card loan offers are not for all the cardmembers. The bank checks the credit history and informs the card members about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Loan Tenure

Up to 48 months

Interest Rate

Abu Dhabi Commercial Bank credit card loan interest rates are communicated by the bank.

Processing Fee

AED 52.50

Finance Charges

3.50 percent per month

Loan Disbursal Time

Up to 2 working days

Foreclosure fee

AED 210

Cash In Advance

Cash in advance is another type of credit card loan that the cardmembers can use if they need immediate funds. The loan limit is equal to or less than the available credit limit on the ADCB credit card. 

Particulars

Abu Dhabi Commercial Bank Credit Card Cash Loan Details

Eligibility

Abu Dhabi Commercial Bank credit card loan offers are not for all the cardmembers. The bank checks the credit history and informs the cardmembers about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Loan Tenure

Up to 48 months

Interest Rate

Abu Dhabi Commercial Bank credit card loan interest rates are communicated by the bank.

Processing Fee

AED 52.50

Finance Charges

3.50 per cent per month

Cash advance fee

3.15 per cent or AED 105 (whichever is higher)

Foreclosure fee

AED 210

Cash advance limit

60 percent of the credit limit

80 percent of the credit limit (Betaqti card)

The cardmembers can apply for this loan both online and offline. They can convert the loan amount into monthly installments and make easy repayments.

FlexiPay

ADCB enables cardmembers to convert their outstanding credit card bills into up to 48 small monthly EMIs through FlexiPay. The bank offers the service at low-interest rates with zero documentation.

Particulars

Abu Dhabi Commercial Bank Credit Card Cash Loan Details

Eligibility

Abu Dhabi Commercial Bank credit card loan offers are not for all the cardmembers. The bank checks the credit history and informs the card members about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Loan Tenure

Up to 48 months

Interest Rate

Abu Dhabi Commercial Bank credit card loan interest rates are communicated by the bank.

The cardmembers can apply for the service through online or mobile banking portals. They can also SMS FLEXIPAY to Abu Dhabi Commercial Bank credit card loan contact number 2626 to apply for the service. 

Installment Payment Plans

Installment payment plans are one of the most-used forms of Abu Dhabi Commercial Bank credit card loans. With this benefit, the cardmembers can convert their high-value purchases amount into easy monthly installments at low interest rates. The card members can send an SMS PPP to Abu Dhabi Commercial Bank credit card loan contact number 2626 and avail of this service without any hassle. Once done, one of the bank representatives will call back the applicant and activate the service for them.

The credit card enables card members to shop at selective retail stores and make payments at low processing fees and zero interest for up to 12 months.

Particulars

Abu Dhabi Commercial Bank Credit Card Cash Loan Details

Eligibility

Abu Dhabi Commercial Bank credit card loan offers are not for all the card members. The bank checks the credit history and informs the card members about the eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval

Loan Tenure

Up to 48 months

Interest Rate

Abu Dhabi Commercial Bank credit card loan interest rates are communicated by the bank

Processing Fee

Abu Dhabi Commercial Bank credit card loan processing fees are communicated by the bank

Balance Transfer on EMIs

Balance transfers are loan facilities that the cardmembers can choose to pay their other bank credit card bills. With this service, the cardmembers can simply consolidate and transfer their other bank credit card’s outstanding amount to the ADCB credit card and convert the same into up to 48 monthly EMIs for quick and hassle-free repayments. They can call the customer service helpline or SMS BT to Abu Dhabi Commercial Bank credit card loan contact number 2626 and get the loan amount transferred to their ADCB bank account in two working days.

Particulars

Abu Dhabi Commercial Bank Credit Card Cash Loan Details

Eligibility

Abu Dhabi Commercial Bank credit card loan offers are not for all the cardmembers. The bank checks the credit history and informs the cardmembers about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Loan Tenure

Up to 48 months

Interest Rate

Abu Dhabi Commercial Bank credit card loan interest rates are communicated by the bank.

Processing Fee

AED 52.50

Finance Charges

Up to 1.50 percent per month

Loan Disbursal Time

2 working days

Foreclosure fee

AED 210

The applicants do not need to fill any application form to avail of this loan. They can simply log in to their online banking or mobile banking portal and place a request for the same. The best part is that the bank offers this loan at a zero percent interest rate.

How to Apply for a Loan Against ADCB Credit Card?

Here are the major ways that applicants can use to apply for a credit card loan.

  • Bank’s Branch
  • Online Banking
  • Mobile Banking App
  • Phone Banking
  • Bank’s Website

Bank’s Branch

The applicants need to visit one of the nearest ADCB branches to apply for a credit loan on their credit card. They need to get in touch with one of the members of Card Scheme Providers. 

The applicants need to go through the verification process in order to get their credit card loan application approved. They need to show their credit card at the branch along with the identity proof and signatures matching the bank records to carry out the transaction. 

Online Banking

The existing ADCB customers can log in to their internet banking account and apply for a credit card loan in just a few clicks. They need to go to the credit cards section on the portal and look for the loan on card option. There are details like tenure options, rate of interest and more available in the same section. The applicants need to go through an online verification process by uploading their signatures and identity proof on the portal.

Mobile Banking App

The existing ADCB customers can download the ADCB Mobile Banking App and log in to the same to apply for a credit card loan. The applicants need to go to the credit cards section in the app and provide all their details by filling out the application form. They need to go through an online verification process by uploading their signatures and identity proof on the app.

Phone Banking

The cardmembers can also apply for the loan by calling the customer service helpline or sending a text CCL to 2626 to apply for the ADCB credit card loan. They can get the loan disbursed into their ADCB bank account within two working days. The SMS code may vary for different types of loans on ADCB credit cards.

Bank’s Website

The applicants can also visit the bank’s website, fill out the online application form, and apply for an ADCB credit card loan with great ease. Once done, they need to wait for one of the bank’s representatives to get back to them and help them complete the process. 

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Modes of Disbursal for ADCB Credit Card Loan

Here are the modes of disbursal for an ADCB credit card loan.

  • ADCB Bank Account
  • Cheque via Post
  • ATMs/CDMs
  • External Bank Account

ADCB Bank Account

The existing ADCB banking customers need to provide their bank account details in the online application form. They can get the loan amount disbursed into their ADCB bank accounts within a couple of days from the approval date.

Cheque via Post

The applicants who do not have an ADCB bank account can get a cheque for the credit card loan amount sent to their registered postal address. They can also visit the bank’s branch to get the cheque in person.

ATMs/CDMs

Abu Dhabi Commercial Bank credit card members can also opt for loan amount disbursal through ATM and cash deposit machines. They can simply use their credit cards to withdraw the loan amount once they see the same added to their credit card balance. Such loans are called cash in advance and the card members can easily repay them in monthly installments. Abu Dhabi Commercial bank may charge an additional fee to process such transactions.

External Bank Account

The applicants who do not have an active ADCB bank account can also get the loan amount disbursed into their external bank account. These applicants need to fill out the application form and mention their external bank account details in it. The bank may charge an additional fee for the loan transfer.

How to Repay Abu Dhabi Commercial Bank (ADCB) Credit Card Loans?

Here are a few simple ways through which the applicants can repay their credit card loan with great ease.

  • Bank Account
  • Online Banking
  • Mobile Banking
  • Exchange House
  • Bank's Branch

Bank Account

The borrowers can pay their loan EMIs by making easy fund transfers from their ADCB bank accounts. If they have a non-ADCB bank account, they can add their credit card details as a beneficiary and pay their EMIs in just a few clicks.

Online Banking

The existing ADCB banking customers can log in to their online banking portal and make quick loan repayments. They need to go to the credit cards section on the portal and find their loan repayment option for repayment.

Mobile Banking

ADCB banking customers can also log in to their ADCB mobile banking app and make easy loan repayments in no time. They need to go to the credit cards section in their app and pay their loan EMIs in just a few taps.

Exchange House

Abu Dhabi Commercial Bank credit card members can visit one of the nearest exchange houses affiliated with Abu Dhabi Commercial Bank and make quick loan repayments. They need to provide cash or a cheque to one of the representatives and get a receipt for the same. The exchange house may charge an additional fee for processing such transactions.

Bank’s Branch

The applicants with no access to the internet can also visit the bank’s branch and provide the credit card details for easy loan repayment. They can deposit the loan installment amount with one of the bank’s representatives and get a receipt for the same.

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FAQ's On ADCB Credit Card Loan

What is a credit card loan?

A credit card loan is an amount the cardmembers can borrow against their credit card based on their usage and credit card limit.

Can all the ADCB cardholders get a credit card loan?

ADCB offers a credit card loan facility for selective cardholders with good credit records. The bank goes through the credit report and repayment history of the cardmembers before providing them with the loan.

What documents do I require to apply for a loan on a credit card?

Most ADCB credit card loans are pre-approved and need no additional documentation. However, the cardmembers need to verify their identity and signature provided to the bank to complete the verification process.

What are the factors that affect ADCB credit card loan eligibility?

A good credit rating, loan repayment history, enhanced income levels, etc. are the major factors that affect the ADCB credit card loan eligibility.

What are the extra charges applied on an ADCB credit card loan?

A certain amount in the form of processing fees will be charged by the bank when providing an ADCB credit card loan.

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