How to apply for ADCB Personal loan online in the UAE
Are you an expatriate or a resident in the UAE and you consistently find yourself in need of extra cash or a small loan for personal use? ADCB personal loan in the UAE is one of the best loan and credit top up apps many individuals find Useful. So, in this Fintech guide today, we will discuss the features, loan limits, repayment terms, and interest rates offered by ADCB personal loans in the UAE. And for those who need more options of instant credit apps in in the UAE, check the links below:
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You should note that the ADCB app offers affordable personal loans with competitive interest rates. These loans can be particularly helpful if you’re struggling with unpaid bills at the end of the month. You can easily apply for a loan, receive the funds, settle your bills, and repay on time. Stay with us as we guide you through the details of ADCB loans in the UAE.
| Nationals | Expatriates | |
| Loan amount | AED 15000 to AED 1,500,000 | AED 15000 to AED 4,000,000 |
| Interest rates | From 4.25%p.a | From 5.75% p.a |
| Loan tenure | Upto 4years | Upto 4years |
| Touch points | Up to 300 for every AED 1000 of loan amount | Up to 300 for every AED 1000 of loan amount |
Eligibility for ADCB loans in the UAE?
If you are in the UAE and would like apply and take a quick personal loan through the ADCB mobile app, here are the eligibility criteria you must meet:
- Be a UAE resident (either national or expatriate)
- Be at least 21 years old
- Be employed with a monthly salary
- Earn a fixed monthly salary of AED 5,000 or more
How can I apply for an ADCB Loan in UAE?
You can apply for any personal loan in the UAE easily using the ADCB Hayyak Mobile App which is available for download for free. Additionally, you can also send your application through the website, or by visiting any ADCB branch. Alternatively, you can call the ADCB Contact Centre at 600 50 2030 for further assistance with your loan application.
Pros & Cons of ADCB personal loan app in UAE?
Before you consider borrowing instant money through the ADCB personal loan app in the UAE, we advise you to weigh the pros against the cons to understand what suits you best. Here are some of the benefits and challenges you should expect when it comes to using the ADCB personal loan app to take a quick loan in UAE.
| Pros | Cons |
| Low cost loans Easy application Loan consolidation available Salary draft of upto 2 times Affordable interest rates | Fixed monthly salary of AED 5000 and above required Credit check |
Application requirements for ADCB personal loan
If you are in the UAE and would like apply and take a quick personal loan through the ADCB mobile app, here are the application requirements you must meet:
- Valid Passport, Visa & EIDA Card copy
- Last 3 months bank statements copy
- Salary certificate issued to ADCB, dated 30 days or less from date of loan application
- Details of existing loans/liabilities
- Salary transfer letter
How can I download the ADCB Hayyak App?
The ADCB financial service is available through the ADCB Hayyak app. To download it follow the steps below:
- Visit the Google Play Store or Apple Store.
- Search for “ADCB Hayyak” in the search bar.
- Select the app on your device.
- Tap the download button.
- Install the app on your device, and you are ready to use the ADCB loan app in the UAE.
Editor’s Remarks
Next time you need to borrow a loan in the UAE, visit their official website to apply for a personalized personal loan that suits your financial requirements. With our easy-to-follow guide you’ll be able to complete and submit your application quickly and effortlessly.
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Frequently Asked Questions
You need a monthly income of AED 5000 or more to be eligible for a personal loan at ADCB in the UAE, regardless of whether you hold an account with them or not.
Typically, it takes around three business days for ADCB to process and approve loans. This delay is due to the need for ADCB to review and verify the loan application before releasing funds.
In the UAE, most banks have a minimum salary requirement of AED 3,000 or more for personal loans. This minimum can vary between AED 5,000 and AED 10,000, depending on the bank and the loan amount.
The UAE Government permits you to obtain loans up to 20 times your salary. The loan amounts vary and depend on your eligibility and the lending platform. You may receive a loan up to this limit or a lesser amount based on these factors.
To open an ADCB account in the UAE, you need a minimum salary of AED 5,000. This requirement applies to both residents and non-residents of the UAE.
