ADCB Education Loan | MoneyCamel

ADCB Education Loan

ADCB

ADCB Education Loan

Non Salary Transfer Loan
CAMEL VIEW
  • Specially designed for education with high loan amounts.
  • Payment of education fees for both institutes based within UAE or Abroad.
  • The loan can be applied by both parents and students.
  • If the salary is not transferred you get low loan amounts.
FEATURES
Interest/Profit Rate 
10.00 % p.a.
Maximum Loan Amount 
AED 250,000
Maximum Loan Tenure 
48 Months
Minimum Monthly Income/Salary 
AED 8,000
Profession 
Salaried
FEES & CHARGES
Late Payment Fees 
AED 200
Early Repayment Fee 
1 % of Loan Outstanding
Rescheduling Fee 
AED 250
Life Insurance Fee 
1 % of Loan Outstanding
Installment Deferment Fee 
AED 100
Loan Cancellation Fee 
AED 100
Processing Fee 
AED 500
ADDITIONAL INFORMATION

Interest rate ranges from 10%-16% p.a.

Offer Letter or Invoice Copy from School is required as proof.

1% Processing Fee (Minimum AED 500).

  • It is not a requirement to transfer your salary to apply. However if salary is not transferred then the maximum loan amount is AED 150,000.
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