Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
ADIB - Boat Finance for Expats ADIB - Boat Finance for Expats Minimum Salary: AED 8,000 Salary Transfer: No Islamic Finance: Yes Maximum Term: 4 Years Flat Rate: 3.72% Reducing Rate: 7.25%
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Own the boat of your dreams with affordable boat finance from ADIB. Finance your own new or used boat without an interest rate and with a low profit rate.​​​
  • Free ADIB VISA Cashback Card will be provided
  • Can postpone up to 2 installments per year
  • Can avail high finance
  • Low minimum salary requirement
  • Competitive interest rates
  • Salary transfer is required
  • No collateral is required for finance up to AED 200,000
  • ADIB VISA Cashback Card will be provided free for the first year
  • You are allowed to postpone two payments per year (without any additional charges)
  • High finance is provided
  • Finance repayment period is up to 48 months
  • Minimum salary of AED 8,000 is required
  • The reduction rate and the flat rates are 7.25% and 3.72%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is a requirement to transfer your salary to apply
  • Finance up to AED 1,000,000
  • The early settlement fee for this scheme is 1% of the loan amount
  • Takaful is optional
  • Arrangement fee is 1% of loan amount
Documents Required
  • Original and copy of valid passport (with valid residence visa for expatriates)
  • Original and copy of valid Emirates ID
  • Bank account statement (last 3 months)​​​​​​​
  • Age Criteria 21-60 years
Additional Information
  • The arrangement fee is 1% of the finance amount (min AED 500 and Max AED 2,500).
  • 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
CBD Absher Personal Finance
Minimum Salary
AED 8000
Flat Rate