Loan Amount (AED)
Term (Months)
SALARY TRANSFER
Yes
FIXED RATE
2.82 %
MONTHLY SALARY
AED 7,000
REDUCING RATE
5.34 %
TOP REASONS TO CHOOSE
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 7,000
Fixed Rate
2.82 %
Reducing Rate
5.34 %
Max Loan Amount
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
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
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 7,000
Fixed Rate
2.58%
Reducing Rate
4.89%
Max Loan Amount
Joining offers
Key Features
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
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 10,000
Fixed Rate
2.79 %
Reducing Rate
5.11 %
Max Loan Amount
Joining offers
Key Features
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
Salary Transfer Required?
No
Minimum Monthly Salary
AED 15,000
Fixed Rate
8.70%
Reducing Rate
15.49%
Max Loan Amount
Joining offers
Key Features
*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
Salary Transfer Required?
No
Minimum Monthly Salary
AED 15,000
Fixed Rate
5.72%
Reducing Rate
10.49%
Max Loan Amount
Joining offers
Key Features
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
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 10,000
Fixed Rate
6.25%
Reducing Rate
11.33%
Max Loan Amount
Joining offers
ADCB TouchPoints awarded on ADCB Personal loan amount (AED 10,000 and above) are as follows:
Key Features
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
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 10,000
Fixed Rate
2.63%
Reducing Rate
5.99%
Max Loan Amount
Joining offers
Key Features
Product Overview
Things To Be Aware Of
SALARY TRANSFER
Yes
FIXED RATE
2.20%
MONTHLY SALARY
AED 5,000
REDUCING RATE
3.99%
TOP REASONS TO CHOOSE
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 5,000
Fixed Rate
2.20%
Reducing Rate
3.99%
Max Loan Amount
Joining offers
Key Features
Product Overview
Things To Be Aware Of
SALARY TRANSFER
Yes
FIXED RATE
3.03 %
MONTHLY SALARY
AED 8,000
REDUCING RATE
5.50 %
TOP REASONS TO CHOOSE
Salary Transfer Required?
Yes
Minimum Monthly Salary
AED 8,000
Fixed Rate
3.03 %
Reducing Rate
5.50 %
Max Loan Amount
Joining offers
Key Features
Product Overview
Things To Be Aware Of
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
Joining offers
Key Features
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
FABCashback Credit Card
SALARY TRANSFER Yes
MONTHLY SALARY AED 5,000
FIXED RATE 3.50%
REDUCING RATE 3.50%
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