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SIMULATE YOUR LOAN EMI

Loan Amount (AED)

Term (Months)

Personal Loans

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SALARY TRANSFER

Yes

FIXED RATE

2.82 %

MONTHLY SALARY

AED 7,000

REDUCING RATE

5.34 %

TOP REASONS TO CHOOSE

  • Attractive loan amounts up to AED 2000,000
  • Interest rates starts from 2.82% flat rate per year
  • Minimum documentation
  • Comprehensive Life Insurance coverage

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

2.82 %

Reducing Rate

5.34 %

Max Loan Amount

2,000,000

Joining offers

Key Features

Other great benefits included with the Multi Product Package:

Up to AED 7,500 in FAB Rewards when you transfer your salary to your FAB account with holding a credit card from FAB

  • Get high loan amounts of up to AED 2000,000 with flexible payment terms of up to 48 months
  • Enjoy best-in-class rates starting from 2.82%* flat rate
  • A salary transfer to a FAB account is required
  • Benefit from comprehensive life insurance coverage

Product Overview

Things To Be Aware Of

SALARY TRANSFER

Yes

FIXED RATE

2.58%

MONTHLY SALARY

AED 7,000

REDUCING RATE

4.89%

TOP REASONS TO CHOOSE

  • High finance amounts - up to AED 5 million
  • Attractive profit rates - 2.58% p.a.
  • Flexible payment period up to 48 months
  • 210 day grace period for first payment

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

2.58%

Reducing Rate

4.89%

Max Loan Amount

5,000,000

Joining offers

Key Features

  • Generous loan amounts - up to AED 5 million for UAE nationals and AED 2 million for expats
  • 90 day grace period until your first payment
  • Comprehensive personal life Takaful coverage
  • Flexible repayment terms of up to 48 months to repay through your FAB account
  • Attractive Profit rates 3.57% p.a.

Product Overview

Things To Be Aware Of

SALARY TRANSFER

Yes

FIXED RATE

2.79 %

MONTHLY SALARY

AED 10,000

REDUCING RATE

5.11 %

TOP REASONS TO CHOOSE

  • Competitive profit rates
  • Finance up to AED 4 million
  • First installment payment within 120 days
  • Free takaful coverage

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

2.79 %

Reducing Rate

5.11 %

Max Loan Amount

4,000,000

Joining offers

Key Features

  • High finance amount of up to 4 million for UAE Nationals and 2 million for Expats
  • UAE Nationals starting profit rate of 2.79% flat p.a approximately equivalent to 5.11% reducing p.a
  • Expat starting profit rate of 2.89% flat p.a  approximately equivalent to 5.29% reducing p.a
  • Financing available to salaried 
  • Financing up to 4 million for UAE Nationals 
  • Approvals in 24 hours
  • Pre approved credit card and 100% discount on first year's annual fees
  • Flexible, extended repayment periods of up to 4 years with low profit rate.

Product Overview

Things To Be Aware Of

SALARY TRANSFER

No

FIXED RATE

8.70%

MONTHLY SALARY

AED 15,000

REDUCING RATE

15.49%

TOP REASONS TO CHOOSE

  • Attractive loan amounts up to AED 800,000
  • Interest rates starts from 15.49% variable per year
  • Minimum documentation
  • Employer need not be on the FAB approved list
  • Comprehensive Life Insurance coverage

Salary Transfer Required?

No

Minimum Monthly Salary

AED 15,000

Fixed Rate

8.70%

Reducing Rate

15.49%

Max Loan Amount

800,000

Joining offers

Key Features

  • Get high loan amounts of up to AED 800,000 with flexible payment terms of up to 48 months
  • Enjoy best-in-class rates starting from 15.49%* reducing 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
  • Flexible repayment terms
  • Minimum documentation
  • Fast-track approvals

 

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

Product Overview

Things To Be Aware Of

SALARY TRANSFER

No

FIXED RATE

5.72%

MONTHLY SALARY

AED 15,000

REDUCING RATE

10.49%

TOP REASONS TO CHOOSE

  • Loans upto AED 1,200,000
  • Lowest-in-class rates starting from 5.72% flat rate per year
  • Employer need not be on the FAB approved list of companies
  • Pay from current salary transfer account
  • Comprehensive life insurance coverage

Salary Transfer Required?

No

Minimum Monthly Salary

AED 15,000

Fixed Rate

5.72%

Reducing Rate

10.49%

Max Loan Amount

1,200,000

Joining offers

Key Features

  • Loans up to AED 1,200,000
  • Lowest-in-class rates starting from 5.72% flat rate per year
  • A salary transfer to a FAB account is not required
  • 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
  • Comprehensive life insurance coverage

Product Overview

Things To Be Aware Of

SALARY TRANSFER

Yes

FIXED RATE

6.25%

MONTHLY SALARY

AED 10,000

REDUCING RATE

11.33%

TOP REASONS TO CHOOSE

  • High Salary Multiples
  • Competitive interest rates
  • Simple Documentation
  • Credit Insurance
  • Involuntary Loss of Employment cover

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

6.25%

Reducing Rate

11.33%

Max Loan Amount

25,000

Joining offers

ADCB TouchPoints awarded on ADCB Personal loan amount (AED 10,000 and above) are as follows:

  • 200 TouchPoints will be earned for every AED 1,000 of loan amount, when loan amount is AED 150,000 or less.
  • 300 TouchPoints will be earned for every AED 1,000 of loan amount, when loan is above AED 150,000.

Key Features

  • Highest salary multiples
  • Longest repayment periods
  • Low interest rates
  • Consolidation of loans available
  • Simple documentation
  • Credit Life Insurance
  • Free ADCB Credit Card
  • Plus up to 2 times salary overdraft

Product Overview

Things To Be Aware Of

SALARY TRANSFER

Yes

FIXED RATE

2.63%

MONTHLY SALARY

AED 10,000

REDUCING RATE

5.99%

TOP REASONS TO CHOOSE

  • Attractive Interest Rates
  • No minimum Length of service

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

2.63%

Reducing Rate

5.99%

Max Loan Amount

4,000,000

Joining offers

Key Features

  • Rates starting 5.24% or 2.63% flat
  • No minimum length of service required
  • High loan amounts up to AED 400,000
  • Option of current or savings account with no minimum balance requirement
  • Free International ATM/Debit Card

Product Overview

Things To Be Aware Of

  • 36 Months tenure

SALARY TRANSFER

Yes

FIXED RATE

2.20%

MONTHLY SALARY

AED 5,000

REDUCING RATE

3.99%

TOP REASONS TO CHOOSE

  • For Salaried & Self Employed
  • Loan in AED against INR/AED Fixed Deposit

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

2.20%

Reducing Rate

3.99%

Max Loan Amount

0

Joining offers

Key Features

  • Loan amount up to 90% of Fixed Deposit amount in AED and up to 80% for INR Fixed Deposit
  • Loan in AED against INR Fixed Deposit Personal Loans rate starting at 3.99%
  • Maximum tenor up to 48 months
  • Salaried and Self-Employed customers can avail this facility
  • 7-day Loan Return Option Double Insurance Coverage

Product Overview

Things To Be Aware Of

  • Customer to fund the 20% of the Fixed Deposit amount

SALARY TRANSFER

Yes

FIXED RATE

3.03 %

MONTHLY SALARY

AED 8,000

REDUCING RATE

5.50 %

TOP REASONS TO CHOOSE

  • Competitive Interest Rates
  • Loan upto 20X of your monthly salary

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 8,000

Fixed Rate

3.03 %

Reducing Rate

5.50 %

Max Loan Amount

750,000

Joining offers

Key Features

  • 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

Product Overview

Things To Be Aware Of

  • Employer should be listed with CBD

SALARY TRANSFER

Yes

FIXED RATE

5.99 %

MONTHLY SALARY

AED 5,000

REDUCING RATE

10.86 %

TOP REASONS TO CHOOSE

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

5.99 %

Reducing Rate

10.86 %

Max Loan Amount

1,250,000

Joining offers

Key Features

  • 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

Product Overview

Things To Be Aware Of