Personal Loan for Salaried Individuals
Achieve your goals sooner with a little help when it’s needed
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- Competitive interest rates
- Borrow up to 20x your salary
- Optional pre-approved award-winning Rewards Credit Card
- Optional overdraft facility on your current account
- Easy application process
- 24/7 phone banking servicesÂ
*The interest rates for personal loan vary from 6.75% to 9.75% per year.
** The interest rate is applicable as of 2021.
- Warning: If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
- Warning: You may have to pay penalties if you pay off a loan/financing early.
- Warning: Failure to make timely repayments may result in additional fees, increased overall debt, and a negative impact on your credit history. Legal action may be taken to recover outstanding amounts.
- Warning: If you owe money on your personal loan, the Bank may use money from your other accounts to cover it.
- Warning: When you re-finance or restructure or reschedule your loan or avail installment deferments, it may take longer to pay off than your previous loan. It may also result in paying more interest.
Required documentation:Â
- Completed application form
- Valid passport and UAE resident’s Visa for expatriates
- Valid Emirates ID
- Your last three month’s bank statement
- Salary transfer letter
- Liability or clearance letter (when switching loan from another lender)
- Salary certificate
Your approx. monthly repayment would beAED18,385
Ready for the next step? Get in touch with our team.
DISCLAIMER
The information provided by these tools are for guidance only and do not include all of the details you need to choose a particular product. Use of the Calculators by you is at your risk as to the accuracy or correctness of the conclusions or results derived therefrom. Determination of a conclusion or result by use of the Calculators will not be binding on CBI and figures given by the Calculators do not constitute an offer to lend to you. These Calculators are designed to give you only an indication and should be used as a guide only. You should not make any decisions on the information obtained by using these Calculators. CBI including its officers, employees, personnel or directors shall not be liable for any loss, damage or liability of whatsoever nature, including any direct or indirect loss arising from the use of the Calculators or access of any information that may be displayed herein.
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Personal Loan for Salaried Professionals
CBI Bank | Personal banking