| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
ADIB - Debt Settlement for UAE Nationals
|
Minimum Salary: AED 8,000 | Salary Transfer: No | Islamic Finance: Yes | Maximum Term: 4 Years | Flat Rate: 3.45% | Reducing Rate: 6.25% |
Reduce your installments and enjoy life more!
With ADIB Debt Settlement you can consolidate your loans and credit card payments for lower monthly installments... to help you save more money and live a more balanced financial life.
With ADIB Debt Settlement you can consolidate your loans and credit card payments for lower monthly installments... to help you save more money and live a more balanced financial life.
Features
- Flexible repayment options
- High finance amount
- No installment for the first three months
- Free ADIB Visa Cashback card for the first year
- Option to postpone two payments per year (for free).
Eligibility
- Age criteria: 21-60 years
Additional Information
- Takaful cover is 1.25% of the finance amount. Takaful is optional.
- The early settlement fee is applied as per UAE Central Bank policy, which is 1% of the outstanding amount (principal + profit) to date, or AED 10,000, whichever is lower. The bank has the discretion to waive any or all of the total outstanding profit.
** 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.
Representative Example Calculator
