For people with a limited income getting a loan is a hard task. It is tough for them to navigate all the financial options available because of the low availability of income. It becomes difficult to cover monthly bills along with the interest on the loans.
Not only is it hard to get the loan approved from the bank due to the limited scope of income but it also creates a huge financial burden on the borrower. It makes the process of getting financial assistance tough.
But some banks are ready to be a helping hand by providing financial assistance in the form of low salary personal loans in Dubai despite their low income.
Delve deep into the article to check out how ADCB helps to find low-cost loan packages.
Benefits of ADCBs loan packages
1. A low-interest rates
Interest on a loan is very hard to repay. For the low-salaried-income group, it is even harder. ADCB solved this issue by charging a nominal rate of interest. Our interest rates start from just 5.75%. It is less in comparison to the others. It will eliminate the financial burden on the borrower and allow him to live a financially burden-free life.
2. Salary overdraft
We allow a salary overdraft of up to 2x with flexible eligibility criteria. You do not have to look for other sources of finance. You can easily opt for our salary overdraft and use it as per the requirement.
3. Reward points
For every AED 1000 of the loan amount, we provide up to 300 TouchPoints which are just the bonus points for choosing us. These reward points can be redeemed for the specific product/service as and when required.
4. Other benefits
Along with the above primary benefits, some other benefits are also provided to the people who avail of our low-cost loan package. Some of them are: –
1. Loan consolidation available.
2. Credit life insurance
3. Free ADCB credit card.
5. Simple documentation
We do not want you to find yourself trapped in the lengthy process and detailed documentation. We at ADCB make sure that you can avail of the personal loan for low salary early and thus provide you with the simple process of document submission. Just some basic documents and you are good to avail of our financial assistance. Few documents that we require: –
1. Completed application form
2. Valid passport, VISA, and EIDA card copy
3. Last 3 months’ bank statement copy.
4. Salary certificate issued to ADCB
5. Salary transfer letter
6. Details of existing liabilities
The low-salary personal loan in UAE is a customized solution to match the dynamic needs of low-income group people. ADCB is on a mission to develop financial products/services that cater to the whole community at large. To keep the mission alive, we have designed flexible low salary personal loan in the UAE to cater to the entire community and not just the high-income group people.