ADIB Travel Finance for Expats

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As stated by numerous philosophers, travelling helps you to build perspective, besides exploring places. If you are living in the UAE, there are places to explore all around the country, and then there is the urge to go abroad to see the wonders of the world.

However, travelling is an expensive affair, and instead of dipping into your savings, utilise curated financial products like ADIB travel finances for expats. 

Travelling expenses include the ticket fare, accommodation, sightseeing and food along with shopping. So, to meet all these expenses, you will need a comprehensive financial product. This is where the ADIB travel finances for expats come to your rescue.

This is a substantial credit facility, available with favourable terms to help you meet all your monetary obligations without any hassle. Moreover, the repayment flexibility further ensures that you pay off your debt without any hiccups.

ADIB Travel Finance for Expats

  • Minimum Salary AED 8,000
  • Monthly Payment AED 2,245
  • Flat Rate 3.85%
  • Reducing Rate 6.99%
  • Salary Transfer
  • Islamic Finance

Features and Benefits of ADIB Travel Finance for Expats

Here are some notable features of ADIB’s travel finance extended to expats –

  1. You can get finance of up to AED 250,000.
  2. The reduction rate and the flat rates are 6.99% and 3.85%.
  3. The repayment period of this financial product is up to 48 months.
  4. There is no processing fee on this credit instrument.
  5. The early settlement fee for the loan is 1% of the outstanding amount to date.
  6. There is an optional Takaful cover of up to 1.25% of the total credit amount.
  7. You can get a 120-day instalment holiday for your first payment.
  8. Also, you have the option to postpone 2 instalments in a year.

Income Salary for ADIB Travel Finance for Expats

To get a personal loan from ADIB, you need to have a minimum salary of AED 8,000.

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Interest Rate for ADIB Travel Finance for Expats

The interest rate of the ADIB personal loan is affordable. For the flat rate, it is 3.85%, and for the reduction rate, it is 6.99%.

Eligibility Criteria of ADIB Travel Finance for Expats

To secure the necessary financing, you need the following eligibility parameters –

  1. You need to have a valid visa and employment details as an expat.
  2. You must have worked in the UAE for at least 6 months before applying.
  3. The minimum age to be eligible for this scheme is 21 years and the maximum age at the time maturity is 60 years.
  4. Lastly, your employer must be on the list of approved companies of AIDB.

Documents Required  for ADIB Travel Finance for Expats

If you, as an expat want to get your loan sanctioned from ADIB, then you need to submit the documents that are mentioned below. This helps the bank to assess your eligibility for a travel loan -  

  1. Original plus copy of your valid passport 
  2. Original and valid residence visa for expats
  3. Bank account statement (last 3 months) if the salary is not credited to ADIB
  4. A recent salary certificate or a salary transfer letter addressed to ADIB
  5. A quotation from the travel agent addressing ADIB

After submitting all these documents that have been mentioned in the list, you have to wait for the bank’s approval to receive your loan. Once your application is through, you will get a notification via your registered contact information.

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How to Apply for ADIB Travel Finance for Expats in UAE

Applying for a personal loan in UAE for travel financing is not complex at all. Expats applying for travel finance at ADIB can do it through online and offline methods. Both of the application procedures are discussed below:

ADIB Education finance for Expats – Online Procedure

Here is a step-by-step guide on the online application process of travel finance from ADIB –

  • Step 1 – Visit ADIB’s official website.
  • Step 2 – Navigate to the ‘Personal’ option and hover the cursor on ‘Finance’, and then click on ‘Travel Finance’.
  • Step 3 – On the bottom of the redirected page, click on ‘Apply Now’ under the ‘Online’ option. 
  • Step 4 – Fill in the necessary details on the form. Then click on the option of ‘Submit Request’. Your online travel finance process is complete. 

ADIB Travel Finance for Expats – Offline Procedure

You can also apply for a credit offline by visiting the nearest branch office of ADIB. You need to fill out an application form and follow the rest of the procedure as mentioned by the bank authorities.

The ADIB Headquarters address:

  • HQ Address: Sheikh Rashid Bin Saeed St (Old Airport Road) opposite Hilton Capital Grand Hotel.
  • Phone Number: 600543216

Final Words

The ADIB travel finance for expats is a great way to manage your travel expenses. However, while applying for it, you need to have a measured approach and not go overboard. Otherwise, the repayment will become difficult. Additionally, it is imperative to go through the loan terms and conditions to avoid any future troubles.

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