ADIB Debt Settlement for UAE Nationals

Personal Loan in UAE

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  • EMI Tenure up to 48 Months
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Piling up old financial liabilities can create added financial burden on individuals. This can affect one’s credit score, which might affect their future credit requirements. If you are in such a situation and are a resident of UAE, consider obtaining ADIB debt settlement for UAE nationals. This way, you can get access to a new loan, which will help you settle your previous dues. By consolidating your liabilities, you can lower the monthly instalments to help you save money and manage your finances more efficiently. 

ADIB Debt Settlement for UAE Nationals

  • Minimum Salary AED 8,000
  • Monthly Payment AED 2,233
  • Flat Rate 3.45%
  • Reducing Rate 6.25%
  • Salary Transfer
  • Islamic Finance

Features and Benefits of ADIB Debt Settlement of UAE Nationals

A personal loan for debt settlement by ADIB comes with multiple features and benefits. They include:

  • No processing fees - The financing provided by ADIB (Abu Dhabi Islamic Bank) comes under Islamic banking rules. Thus, you are not required to pay any processing fees. Additionally, the bank offers fully transparent terms and conditions, leaving no room for hidden charges.
  • Competitive profit rates - Upon obtaining this financing, you do not have to pay interest on the borrowed amount. Instead, the bank will charge a nominal profit rate, which keeps on reducing as you pay off the loan.
  • Facility to postpone instalments - ADIB allows borrowers to postpone loan repayment twice a year. With this facility, you can easily address your current financial emergencies without worrying about any penalties.
  • Grace period for the first instalment - The bank also offers a first instalment grace period. With such an option, you get to avail a 90-day instalment holiday for the first EMI repayment.
  • Massive loan amount - ADIB offers debt settlement loans ranging up to AED 3 million for residents of the UAE. With such a huge amount, you can stay assured of paying off your existing debts with ease.

ADIB Debt Settlement for UAE Nationals Eligibility

Obtaining a personal loan in UAE for debt settlement is a way to manage your finances while paying off any existing debt. However, in order to become eligible for this financing option, you need to meet a few crucial criteria. 

  • Age - The minimum age to apply for a personal loan from ADIB is 21 years. Moreover, the applicant must not be older than 65 years at the time of loan maturity.
  • Work - You need to be employed at a company which comes under the approved list of employers of ADIB. Further, you should have a work experience of at least 3 months.
  • Income -  You must have a monthly income of AED 8,000 or more.

Check loan eligibility and apply personal loan

ADIB Debt Settlement for UAE Nationals – Documents Required

Simply meeting the eligibility is not enough to obtain ADIB personal loan for debt settlement. You also need to furnish a few essential documents to fasten the process. These include:

  • Original and photocopy of your passport
  • Original and photocopy of your Emirates ID
  • Your liability certificate
  • Salary certificate addressed to the bank or fresh salary transfer letter
  • Bank account statement for the last three months

Ensure to keep these documents handy to enjoy a streamlined application procedure.

ADIB Debt Settlement for UAE Nationals – How to Apply

The application process for a personal loan for debt settlement from ADIB is simple and convenient. You can either apply online or visit one of the nearest branches. To begin the process online, follow these steps:

  • Step 1: Visit the official website of ADIB and open the debt settlement page
  • Step 2: Click on apply now
  • Step 3: After this, you will have to enter a few basic details, such as name, contact number, income, company name, etc.
  • Step 4: Complete the CAPTCHA and click on submit a request

Following this, the bank’s representative will reach out to you regarding further steps.

Apply personal loan with maximum benefits

Availing ADIB debt settlement for UAE nationals is one of the best ways to pay off your existing loans. This will ensure that you do not drain your finances and help you maintain a healthy credit score.

Other ADIB Personal Loan Types
ADIB Personal Loan for UAE Nationals ADIB Personal Loans for Expats
ADIB Debt Settlement for Expats ADIB Boat Finance for Expats
ADIB Education Finance for Expats ADIB Education Finance for UAE Nationals
ADIB Travel Finance for Expats ADIB Boat Finance for UAE Nationals

Frequently Asked Questions

What is the debt settlement processing fee?

You do not need to pay any processing fee, as the loan comes under Islamic banking rules.

Where can I file a complaint?

If you have any complaints regarding ADIB, reach out to the bank via call or email. You can also address your concerns via mobile banking or visit the nearest branch.

What percentage can the bank deduct from my salary for loan repayment?

Note that your loan repayment amount must not exceed 50% of your monthly gross salary. If you receive a pension, it should not exceed 30% of your income.

How long will the bank take to disburse the loan?

ADIB generally takes 10 business days to process the loan application. You will receive details about the same on your mobile number and email address.

How much fine will I have to pay for the late payment of EMI?

For late payment of instalments, ADIB charges a fee of AED 100.

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