Profit rates starting from 3.33% p.a. High finance amount of up to AED 1.25 million for expatriates, and AED 2 million for UAE nationals Finance tenure up to 4 years Takaful coverage (including optional family and job loss cover) First year free credit card Simple documentation and quick approvals

• A special profit rate starting from 6.5% p.a.
• First installment payment grace period up to 90 days
• 100% processing fee waiver

• Free pre-approved ADIB VISA Cashback Card for the first year
• First installment payment grace period up to 90 days
• Two free installments postponements every year
• Takaful cover protection with competitive rates

• A wide range of Shariah compliant products
• Fast and simple approval process
• Competitive Profit Rates
• High Finance Amount and Flexible Tenures
• Low minimum salary requirement

• High loan amounts for UAE nationals and residents
• Competitive reducing interest rates starting from 15.99 to 18.99% reducing per annum
• Flexible repayment period up to 48 months
• Current account with minimum balance requirement waived
• Interest rates are subject to individual profile and CBD credit analysis

• High loan amounts for UAE nationals and residents
• Competitive interest rates starting from 5.50% reducing per annum
• Flexible repayment period up to 48 months
• Current account with minimum balance requirement waived
• Interest rates are subject to individual profile and CBD credit analysis

• Lower monthly payments
• Increased disposable income
• Reduced interest payments over lifecycle
• Higher Loan amount:
  – AED 1 Million for Expats and AED 3 Million for UAE Nationals

• High Personal Loan amounts at low interest rates
• Quick approvals
• Competitive interest rates
• Flexible repayment periods of up to 48 months for expatriates and UAE nationals (60 months for Armed Forces Staff)

Product Overview

Personal Loans in UAE are offered to customers for a variety of reasons including education, travel, medical and many more.  There are two types of personal loans, one which requires a salary transfer and one which doesn’t.

Loans are offered for a minimum period of 6 to a maximum of 48 months expats and 60 months for UAE Nationals.

Most of the banks assign Loan APR (Annual Percentage Rate) based on the profile of the customer and his/her employer. A few banks use bureau score to assign interest rates.  

UAE loan APR rates range between from 5% to 35% in general.

Illustration: 

If a customer borrows a loan of AED 20,000 and earns an income of AED 10,000. With a repayment period of 48 months, the EMI would be AED 470 at an effective interest rate of 13.99% per annum.           

Total repayment that would have been paid at the completion of the loan would be AED22,540, The borrower would be paying AED 2,540 as interest.  

Please use Soulwallet’s Loans EMI Calculator for further simulations.

Arrangement Fee: 1% of the finance amount

• Competitive interest rates starting at 4.50% per annum
• High loan amount
• Flexible repayment period based on loan type
• Consolidate all your debts in one payment

Apply for a FAB Personal Loan, top up your existing loan, or move your loan to FAB for a chance to win the powerful and aerodynamic Rabdan One, the first UAE-made electric vehicle. Plus, you could be one of the 51 customers to win prizes worth a grand total of AED 150,000 in FAB Rewards.  

• Get high loan amounts of up to AED 800,000 with flexible payment terms of up to 48 months
• Enjoy market leading interest rates starting from 15.49% fixed per year
• A salary transfer to a FAB account is not required, and you can pay your instalments from the bank account into which you receive your salary each month
• A personal loan is available even if your employer is not on FAB’s Approved List of Employers
• Benefit from comprehensive life insurance coverage

*All interest rates quoted are effective rates on the loan’s outstanding balance.

*Rates shown are minimum available and may vary depending on income, credit bureau score, and lender’s approval criteria.

A Flat interest rate is calculated on the entire loan amount throughout the loan tenure. In this case, the interest rate or lending rate is fixedf for the duration of the loan and will be calculated at the start of the loan.

Interest accrual on each installment= (Loan principal x Loan tenor x  interest rate per annum)/ total number of installments

A Reducing rate is calculated based on diminishing principal amount. Every month when you pay your EMI your principal reduces. Interest is calculated only on the reduced principal amount at the time of EMI Payment. 

Interest payable on each installment= Outstanding loan amount x interest rate applicable for each installment