ADCB Personal Loan for Expatriates | MoneyCamel

ADCB Personal Loan for Expatriates

ADCB

ADCB Personal Loan for Expatriates

Salary Transfer Loan
CAMEL VIEW
  • Free ADCB Credit Card & up to 2 times salary overdraft.
  • Special rates for priority customers.
  • Free credit life insurance.
  • Minimum salary must be AED 5000 p.m.
FEATURES
Interest/Profit Rate 
5.49 % p.a.
Maximum Loan Amount 
AED 1,500,000
Maximum Loan Tenure 
48 Months
Minimum Monthly Income/Salary 
AED 5,000
Profession 
Salaried
Salary Transfer Mandatory 
Yes
FEES & CHARGES
Late Payment Fees 
AED 0
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

The maximum amount of finance offered is AED 1,500,000. Loan repayment up to 48 months.

The reducing rate of this finance is 5.49% and the equivalent flat rate is 3.03%.

The interest rate applicable depends on the salary.

  • If the salary is between 5000-7,999 then the interest rate is 12.25%.
  • If the salary is between 8000-11,999 then the interest rate is 9.99%.
  • If the interest rate is between 12,000-14,999 then the rate is 7.99%.
  • If the salary is between 15,000-19,999 then the interest rate is 6.99%.
  • If the salary is above 20,000 then the interest rate is 6.25%.
  • For privilege customers the rate is 5.99% and for excellency customers the rate is 5.49%

 

 

It is a requirement to transfer your salary to apply.

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