Personal Loan up to 8 times your Salary
Get personal loan at lowest interest rate
ADIB has been functioning in a manner that it has been able to create value for its customers as well as the communities it works in. This Sharia-compliant bank provides a wide range of banking products and services in the UAE.
Personal Finance is amongst the various services offered by this Abu Dhabi Islamic Bank. Whether you plan to buy a boat or go on your dream vacation, ADIB Personal Loan can help you in living your dreams. You can easily plan your wedding, or get your house renovated without stressing about the funds required. The personal finance by ADIB can be categorized into two broad categories-
Now that you know about this brilliant option, let’s discuss how to avail it.
Whether you are an expat or a UAE National, first and the foremost thing that you need to is identify the finance you need as per your requirement. Visit a reliable website or the official website of ADIB to read the features and benefits offered on personal finance. Carefully read about the maximum loan amount, repayment tenure, grace period, and more. After going through the features thoroughly, make sure that the loan complements your needs.
The fees & charges are an important part of any personal finance. Check the ADIB Personal Loan Interest Rate along with other charges such as processing fee, re-scheduling fee, and more. ADIB charges a reducing profit rate starting from 6.75 percent to 20 percent per annum. Reducing the profit rate is the rate that changes according to the outstanding personal finance amount. With each payment made by the borrower, the outstanding amount reduces, and hence the profit rate reduces too.
After ensuring that this personal finance is suitable for your needs, look for the eligibility criteria. The ADIB Personal Loan Eligibility includes different criterion which you need to meet for obtaining a loan.
You can apply for this ADIB Personal Loan in the following ways.
Along with the application form, you need to submit a few documents as per the discretion of the bank. Following are the required documents.
After submitting a duly filled application form along with the required documents, wait for ADIB to approve your loan. You can enjoy quick approvals on your ADIB Personal Loan applications. Once your finance is approved, then after finishing the remaining formalities, you will get the funds for fulfilling your dreams.
In a Nutshell!
The personal finance solutions assist you in turning your dreams into reality. The ADIB Personal Loan offers high loan amounts at low rates of interest with a flexible tenure for repayment. You can follow the above-mentioned steps for availing this personal finance easily in the UAE.