CBD Personal Loan

Commercial Bank of  Dubai personal loans are offered by keeping the financial needs of the UAE residents in mind. From household appliances and travel expenses to education bills and more, the Commercial Bank personal loan allows loan borrowers to avail of immediate funding for much-needed financial crunch at an affordable interest rate of 5.50% for a flexible tenure of up to 4 years.

The Commercial Bank of Dubai (CBD) has over 25  branches and hundreds of ATMs across the Middle East. 

Commercial Bank Personal Loan Interest Rates

The Commercial Bank personal loan rates and other details are mentioned in the table below: 

Commercial Bank of Dubai Personal Loan
Category	Maximum Loan Amount	Tenor	Interest Rate	Type of Interest	Salary Transfer
For UAE Nationals	AED 3 Million	Up to 48 Months	5.50% p.a.	Reducing	Required
For Expatriates	AED 750,000	Up to 48 Months	5.50% p.a.	Reducing	Required

(Interest rates are subject to change)

Features and Benefits of Commercial Bank Personal Loan

Listed are the top advantages of choosing a CBD bank personal loan:

• High loan amounts are available for UAE nationals and residents
• A flexible loan repayment tenure of up to 60 months for UAE nationals
• A flexible loan repayment tenure of up to 48 months for UAE expatriates
• Applicable competitive interest rates
• Get loan deferments
• A free current account with no minimum balance requirement
• A loan top-up option is available
• A loan buy-out option or a personal loan transfer from other banks is available

Eligibility Criteria for CBD Bank Personal Loan in UAE

Refer to the personal loan eligibility requirements offered by Commercial Bank of Dubai

Eligibility Type	Criteria
Nationality	UAE nationals and UAE expats
Age- UAE Nationals	Minimum- 21 years Maximum- 65 years
Age- UAE Expats	Minimum- 21 years Maximum- 60 years
Minimum Salary	AED 8,000
Employment	A confirmed employee or must have been employed for at least 6 months with a CBD-approved employer

Documents Required for a Commercial Bank of Dubai Personal Loan

Provided is a list of documents required for a Commercial Bank of Dubai personal loan:

For UAE Nationals	For UAE Expatriates
Emirates ID Passport Latest 3 Months’ Bank Statement (applicable to new customers) Salary Transfer Letter Completed Application Form	Emirates ID & National ID UAE Residence Visa Passport Latest 3 Months’ Bank Statement (applicable to new customers) Salary Transfer Letter Completed Application Form

How to Apply for a CBD Bank Personal Loan via Paisabazaar.ae?

Apply for a Commercial Bank of Dubai personal loan with us instantly and enjoy a fast and seamless process designed as per your financial needs.

The steps are as follows:

• Step1- Enter the correct details in the lead form.
• Step2- Submit the form to get directed to the quotes page.
• Step3- Locate and choose the CBD personal loan.
• Step4- Apply and await our response.

If you have any queries, reach out to us through email at communication@paisabazaar.ae or call us at 8007284647.

Why Choose Paisabazaar UAE ?

You have plenty of reasons to choose us:

• A wide range of loan options
• Compare loans across the top banks and choose the best one
• Access to our customer assistance team whenever required
• Convenient and hassle-free application process with minimal paperwork

Commercial Bank of Dubai Personal Loan- Fees and Charges

Tabled are the fees and charges linked to the CBD personal loan:

Type of Fee	Charges
Processing Fee	1% of the loan amount; Min- AED 525 Max- AED 2,625
Early Loan Settlement from Own Source	1% of the remaining balance  or AED 10,500
Early Loan Settlement from Other Bank	1% of the remaining balance  or AED 10,500 (Whichever is lower)
Part-Payment from Own Sources	1% of the remaining balance  or AED 10,500
Part-Payment from Other Bank	1% of the remaining balance  or AED 10,500
Loan Cancellation Fee	AED 105
Postponement Request	AED 105
Life Insurance	0.82% of the loan amount
Rescheduling of Loan	AED 262.50
Issuance of Liability Letter to Other Banks	AED 63
Late Payment Penal Interest Charges	AED 200 (Maximum)
Final Settlement from Other Sources/ End of Service Benefits	1% of the remaining amount; Max- AED 10,500

Please note that all charges are inclusive of VAT. 

Commercial Bank of Dubai Personal Loan- Terms and Conditions

We have listed some of the terms and conditions of the CBD Bank personal loan below:

• The borrower agrees to promptly execute and sign any documents, including transfers, assignments, mortgages, or powers of attorney, that the bank may require to secure its interest in any collateral covered by this agreement. Additionally, the borrower acknowledges that the bank may, at its discretion and without prior notice, combine or consolidate any of the borrower’s existing loans and transfer or set off amounts from any of the borrower's accounts with the bank toward the repayment of any outstanding loans or obligations.
• All amounts receivable by the borrower will continue to serve as ongoing security for the full repayment of any present or future debts, whether actual or contingent, owed to the bank. This includes any liabilities the borrower may incur under any account or arrangement with the bank.
• The borrower accepts that the bank may send periodic account or loan statements, notices, and updates to the borrower’s registered email address. These shall be considered valid proof of the borrower’s outstanding liabilities unless formally disputed. The borrower is responsible for:
  a) Safely storing all banking communications for reference;
  b) Verifying the accuracy of all account or transaction statements; and
  c) Updating the bank with any changes to contact details or identification.
• In case of payment defaults, the borrower consents to the bank’s authorized field agents visiting the borrower’s workplace or residence to establish communication. The borrower waives any objection to such visits and agrees to cooperate in resolving overdue payments.
• Any change in the variable component of the interest rate will be communicated at least 30 calendar days in advance, along with an updated repayment schedule to ensure transparency and financial planning.

FAQs about Commercial Bank of Dubai Personal Loan