• 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

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.

• 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

• 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

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

• Financing of up to AED 250,000
• Finance installments up to 48 months
• Free postponement option
• Free ADIB VISA Cashback Card for the first year

• 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

• 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

• Interest rates starting from 5.68% per annum
• Pay low monthly installments
• Borrow up to 20 times your monthly salary
• Repay over a period of up to 48 months
• Get competitive interest rates

• 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

• Loans up to AED 2 Million
• Repayment period up to 48 months
  Interest rates as low as 5.49%

• Loan amount up to 20 times of your salary
• Repayment period up to 48 months
• Interest rates as low as 5.49%
• Loans available up to AED 2.5 million

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.

• 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