Arab Bank Personal Loan

Arab Bank, established in 1930, initiated its functioning in Jerusalem in the same year. Headquartered in Amman, Jordan, the bank has one of the largest banking networks in the region and beyond, with more than 600 branches across 5 continents.

Committed to delivering personalised solutions and exceptional customer service, the bank caters to the diverse needs of individuals, businesses, and institutions. Arab Bank in the UAE offers a wide range of comprehensive banking products, which includes personal loans as well.

In this article, we will take a closer look at the Arab Bank personal loan and cover all its major aspects.

Features and Benefits of Arab Bank Personal Loan

Here is a list of the features and benefits that you can get when you avail of the Arab Bank personal loan in the UAE -

• The loan amount with this personal loan in UAE can go up to AED 730,000.
• You can get attractive interest rates on this personal loan.
• The bank offers you a grace period of 90 days before you make your first instalment.
• You can have a loan tenure of up to 48 months.
• With the Arab Bank personal loan, you can easily use the loan buyout facility.
• The customer support team is available round the clock to provide you with proper assistance.
• Straightforward and quick approval process

What are the Eligibility Criteria for Arab Bank Personal Loan? (Info Not Available)

Which Documents are Required to Apply for the Arab Bank Personal Loan in the UAE?

Before you apply for the Arab Bank personal loan, make sure to keep the following set of documents handy:

• Valid Emirates ID
• Valid Passport
• Valid residence Visa (For UAE expatriates)
• Recent utility bill for address verification
• Employment verification document/ income proof/ latest salary certificate
• Valid salary transfer letter
• Latest 6 months’ bank statements

Arab Bank Personal Loan: Fees and Charges

Refer to the table below to understand the fees and charges related to the Arab Bank personal loan -

Type of Fees	Charges
Processing Fees (New and Top-Up)	1% of the Loan Amount Min -  AED 500 Max - AED 2500
Deferment of Instalment	AED 100 Per Deferment
Loan Scheduling Fee	AED 250
Loan Cancellation Fee	Free
Late Payment Fees	AED 200
Early/ Partial/ Final Settlement from the Same Bank/ Other Bank Loans/ EOSB	1% of the Remaining Balance/ Partial Payment (Up to 10,000)
Others (Loan Copy/ Audit Confirmation, etc)	AED 25

How to Apply for an Arab Bank Personal Loan in the Emirates?

You can apply for an Arab Bank personal loan via any of the methods discussed below -

Online Application Form

To fill out the application form, follow the instructions mentioned below -

• Open the official website of the Arab Bank.
• Click on the ‘Consumer Banking’ section and select ‘Loans and Credit Facilities’.
• Choose ‘Personal Loan’.
• Once directed to the next page, scroll to the ‘How to Apply’ section and select ‘Online Application Form’.
• Fill out the form with relevant details and submit it.
• One of the bank officials will contact you shortly upon the successful submission of the form.

Via Contact Centre

You can also get in touch with the bank officials through a call to apply for a personal loan or know more about it. Simply dial 04-4450000 to connect with the bank’s Contact Centre and follow the prompted instructions after you are connected with a representative.

Branch Visits

With the online application method, you can easily apply for an Arab Bank personal loan. However, if you wish to carry out the loan application process in person, you can always visit your nearest branch of the bank.

Once you are at the branch, you will be assigned a representative who will guide you through the loan application process. Make sure to carry all the mandatory documents with you to ensure a hassle-free procedure.

Arab Bank Personal Loan Calculator

A personal loan calculator is an efficient tool that helps potential borrowers calculate their monthly instalments. It is a free online tool that is accessible to everyone. Each major bank has its own calculator available on its website.

To access the Arab Bank personal loan calculator, choose the ‘calculator’ option by clicking on the calculator-shaped icon on the right side of the personal loan page on the website. Select the ‘personal loan’ option, enter your loan amount and the loan tenure, and click on the ‘Apply’ button.

Once done, your result will be automatically generated within seconds and displayed on your screen! Note that the obtained result will be accurate as per the details entered. However, due to variations in interest rates and various other factors, the actual instalment amount may differ. Nevertheless, this calculator is a great tool to get an estimate of the monthly instalment.

Arab Bank Personal Loan: Terms and Conditions (Info Not Available)

Let’s now take a glance at what people have to ask about the Arab Bank personal loan in the UAE! 

FAQ's