| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
ADIB - Personal Finance for Expats
|
Minimum Salary: AED 8,000 | Salary Transfer: Yes | Islamic Finance: Yes | Maximum Term: 4 Years | Flat Rate: 3.85% | Reducing Rate: 6.99% |
Abu Dhabi Islamic Bank offers instant approval, personal finance up to one million Dirhams for expats and a highly competitive profit rate.
Use the ADIB personal loan to settle your conventional finance & credit cards or even just to buy goods and services.
Use the ADIB personal loan to settle your conventional finance & credit cards or even just to buy goods and services.
Features
- First installment holiday period of up to 90 days
- Free Visa Cashback Card
- Up to two free installment postponements every year
- Optional Takaful protection scheme to cover the entire outstanding against death and permanent total disability
Documents Required
- Original and copy of valid passport (with valid residence visa for expatriates)
- Original and copy of valid Emirates ID
- Fresh salary transfer letter / Salary certificate addressed to ADIB
- Three months bank statement (if salary not credited to ADIB)
Eligibility
- Age criteria- 21-60 Years
- Length of Service - Confirmed or 6 months
Representative Example
If you borrow AED 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – AED 297.50 | Total charge for credit – AED 710 | Total amount you repay – AED 10,710
Please note, the actual rate applied to your personal loan will depend on your circumstances.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
