ADIB Credit Card Loan

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Loans are a convenient source of emergency funds, but getting a personal loan approved can take a while. In some cases, you need instant funds without having to wait for the application and approval process. And in such cases, the ADIB credit card loans can be helpful to avail of pre-approved funds. 

Being one of the most reliable Islamic banks in the UAE, Abu Dhabi Islamic Bank offers a host of Sharia-compliant banking products and services, including bank accounts, investment schemes, and credit services. With an ADIB credit card, you not only get exclusive shopping benefits, but you can also apply for loans against your credit card. The following article gives an insight into the ADIB credit card loans, the type of loan options available, and ways to apply for a credit card loan. 

What is an ADIB Credit Card Loan?

An ADIB credit card comes with numerous benefits and privileges. Along with shopping offers, you get a range of travel, entertainment, and lifestyle benefits. You can also acquire instant loans on your ADIB credit card to meet emergency financial needs. With an ADIB credit card, you can opt for an instant pre-approved loan and repay it in convenient installments with extended repayment periods. An advantage of an ADIB credit card loan over a traditional loan is that you don’t need to wait for the documentation and loan approval. As an existing ADIB credit cardholder, you get these unsecured loans at nominal profit rates, making it convenient for you to pay them back. Hence, the ADIB credit card loans are feasible options for immediate fund requirements.

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Types of ADIB Credit Card Loans

As an ADIB credit cardholder, you get multiple options for acquiring a credit card loan. Additionally, you have the option of paying it directly to the merchant from whom the goods are being purchased or you can also opt for cash on call facility that sends your borrowed amount into any of your bank accounts. For ADIB bank account holders, the process of acquiring a credit card loan is furthermore convenient as they can apply for instant loans within thirty minutes. Following are the types of ADIB credit card loans available in the UAE. 

  • ADIB Cash On Call
  • ADIB Easy Instalment Plans 
  • ADIB Balance Transfer

ADIB Cash On Call 

Using the cash on call facility, you can transfer the borrowed funds directly into any of your bank accounts. For ADIB savings or current account holders, the cash on call approval is quick and convenient. You can transfer the credit card loan to any bank account in the UAE with minimum documentation. In addition, the cash on call feature enables you to withdraw funds from an ATM or CCDM. You can repay the withdrawn or transferred amount in convenient installments of 3 to 12 months. The amount that you can withdraw or transfer into your account depends on your credit limit and you need to confirm the cash on call limit with your bank during credit card application. Details of ADIB cash on call loans are given below.

Particulars

ADIB Cash on Call Details

Eligibility

Salaried individuals with an ADIB credit card

Documents Required

ADIB credit cardholders need no documents

Loan Amount

Up to 100% of your credit limit

Loan Tenure

3 months to 12 months

Profit Rate

Preferential profit rates

Processing Fee

3% of the cash transferred or withdrawn

Disbursal Time

Within 30 min from application and transferred through NEFT in your bank account

ADIB Easy Instalment Plans

With Easy Instalment Plans, you can conveniently make expensive purchases at selected merchants and convert your expenses into easy installments of 3, 6, 9, and 12 months with low-profit rates. When applying for an easy installment plan, the bank revokes 100% of your Murabaha monthly profits and processing fees. An easy installment plan is a convenient option for large shopping bills where you need to pay a lump sum amount to the merchant. ADIB bank offers as low as 0% profit rate on the installment plans at selected outlets. You can log in to your credit card account for easy installment offers and deals. Details of ADIB Easy Instalment Plans are mentioned below.

Particulars

ADIB Easy Instalment Plans Details

Eligibility

Salaried individual with ADIB credit card

Documents Required

No documents are required for ADIB credit card holder

Loan Amount

Up to 100% of your credit limit

Loan Tenure

3 months to 12 months

Profit Rate

Preferential profit rates

Processing Fee

  •  

Disbursal Time

Amount disbursed instantly to the merchant account

ADIB Balance Transfer

ADIB balance transfer facility provides an option to transfer outstanding balances from another credit card to an ADIB credit card with low profit rates and an extended repayment period. In certain cases, the credit card outstanding balances grow to the point where it becomes inconvenient for you to repay the loan amount. To avoid such situations, you can transfer the outstanding amount from another credit card to an ADIB credit card and repay your debts conveniently over the period. ADIB bank offers as low as 0% profit rate on balance transfers within a specified period of acquiring the credit card. The details of ADIB Balance Transfer facility are given below. 

Particulars

ADIB Balance Transfer Details

Eligibility

Salaried individual with ADIB credit card

Documents Required

No documentation needed for the ADIB credit cardholder

Loan Amount

Up to 100% of your credit limit

Loan Tenure

Up to 12 months

Profit Rate

Preferential profit rates

Processing Fee

  •  

Disbursal Time

Within two working days

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How to Apply for Loans Against ADIB Credit Cards in the UAE?

The bank offers numerous methods to apply for an ADIB credit card loan. You can log in to the personal banking section on ADIB's official website or use the ADIB mobile banking application. Additionally, the bank accepts loan applications through a phone call, so you can contact the bank’s customer support team. Following are the various steps to apply for an ADIB credit card loan. 

  • Credit Card Loan Application through Official Website - You can visit the bank’s official website and log in to your credit card account. Later, you need to navigate to the credit card services and select the type of loan you need. Follow the instructions to apply for an ADIB credit card loan. After approval, the loan amount will be disbursed into your account. 
  • Credit Card Loan Application through Mobile App. - To apply for an ADIB credit card loan using the mobile application, you need to open your credit card application and scroll through the credit card services section. Later, you need to select the type of credit card loan and follow the steps as instructed. Once approved, your loan will be disbursed into your bank account. 
  • Credit Card Loan Application through Phone Call - You can reach out to the ADIB customer support team via the phone number provided on the bank’s official website. Subsequently, you need to follow the steps mentioned by the support representative. To apply for an ADIB credit card loan, you can contact ADIB customer support at 600 543216.

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Modes of Disbursal of ADIB Credit Card Loans

Depending on the type of ADIB credit card loans, the bank offers various disbursal modes as mentioned below. 

  • Disbursal for Cash On Call: On applying for cash on call loan, you can get your borrowed amount credited into your bank account. The bank transfers the amount after approval through NEFT into your ADIB savings or current account or an account registered with the bank. Additionally, you can directly withdraw cash loans from any ATM or CCDM. 
  • Disbursal for Easy Payment Plan: For easy payment plans, the bank directly pays the borrowed amount to the merchant or at the point of sale. 
  • Disbursal for Balance Transfer - On applying for balance transfers, the bank transfers the amount equal to your outstanding balance of another bank credit card. You can repay the loan amount in convenient monthly installments.

How to Repay ADIB Credit Card Loans in the UAE?

After you acquire an ADIB credit card loan, the bank adds a fraction of your loan amount along with the monthly charges and profit rates in every billing cycle. You need to repay the loan amount at the end of every billing cycle (due date). You can choose any of the following methods to repay your credit card loans. 

  • Online Credit Card Loan Repayment - With an online ADIB credit card account, you can repay your loans without having to visit an exchange house or the bank’s branch. You simply need to log in to your credit card account via net banking or mobile banking. Subsequently, you need to choose the payment options and pay the installment amount online. 
  • Payment via Exchange Houses - To repay your credit card loans, you can visit your nearest exchange house affiliated with your bank. You can pay the monthly credit card bill using cash or cheque. Payment through exchange houses includes some transactional charges that you need to pay for in addition to your monthly bill and installments. 
  • Payment through Bank Branches - For cheque and cash repayments, you can visit the nearest ADIB branch and pay your ADIB credit card loan before the due date.

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FAQ's On ADIB Credit Card Loans

Can I apply for a card loan with an ADIB credit card?

Yes, you can apply for various credit card loans with your ADIB credit card. You can opt for various cash and non-cash credit card loans using the ADIB credit card. 

 

What are the various ADIB credit card loans in the UAE?

Depending on your financial requirements, you can opt for the following instant cash and non-cash loans using your ADIB credit card. 

  • Cash on Call
  • Easy Instalment Plans
  • Balance Transfer
What is the profit rate for opting for an ADIB credit card loan?

ADIB provides preferential profit rates on credit card loans depending on your credit history and repayment trends. An individual with a decent credit score can avail of a lower profit rate.

What is the maximum amount of loan I can avail myself of using an ADIB credit card?

The maximum amount of loan you can acquire using your credit card depends on your credit limit. For certain types of credit card loans such as cash on call and easy payment plans, you can get a loan of up to 100% of your credit limit.

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