Highlights
Get access to liquid funds
Get emergency funds
Flexible financing tenures
Competitive pricing
Top features
Feature and benefits
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Get access to liquid funds
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High finance amount up to 90% of the value of your Fixed Deposit or AED 20 Million (whichever is less for FD only with CBD)
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Get emergency funds
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Don’t break your Fixed Deposit, when in a dire situation; take finance against it instead
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Know how much you can get
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Minimum finance amount is AED 200,000
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Financing tenure
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Flexible repayment period up to 48 months
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Competitive pricing
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Competitive pricing starting with minimum of 12 months EIBOR
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Deferment facility
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Up to two installment deferments in a year
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Eligible segments
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All nationalities, salaried or self-employed banking with CBD
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Eligibility criteria
| Finance agains Fixed Deposit | Criteria |
|---|---|
| Age limit | If you are UAE National or Expat aged between 21 and 70 years (at the finance maturity) |
| Minimum account deposit | If you are maintaining account deposit a minimum of AED 225,000 with CBD*. |
Finance against Fixed Deposit
Required documents
- Application form and finance agreement/Murabaha contract
- National ID, valid passport, residence visa and Emirates ID
- Deposit Lien Form
Relevant links
Key Facts Statement
We kindly request you to carefully read and understand this document, if you are applying for CBD Al Islami Personal Finance from Commercial Bank of Dubai.
Learn moreTerms and Conditions
Learn moreFees and charges
Click hereAffordable Banking Tips
Our goal at CBD is to ensure that everyone has access to affordable banking solutions to help improve financial capability, promote savings, and build assets and wealth in the months and years to come. This section provides you with tips for your lowest cost and more affordable banking solutions at CBD. Transferring your salary to CBD will ensure you enjoy a better rate on your Home Loan than that of non-salary transfer customers, leading to significant savings over the years.
Warning
If you do not keep up your repayments/payments, you may lose your property. For complete product details and warnings, please refer to the Key Facts Statement.
FAQs
CBD offers all types of Personal Finance against Salary Transfer or Hypothecation of FD as listed below:
- New Personal Finance
- Top-up of existing Personal Finance
- Buy-out / transfer of Personal Finance from other Bank (with or without topping up the finance amount)
The minimum age requirements is 21 years and maximum age is 70 years at the last installment due date for UAE nationals and expats.
It’s a secured financing against FD henceforth, CBD don’t require any Insurance cover from customer.
You will continue to enjoy receiving same profit on your FD as normal customer. The pricing on your finance facility will apply separately which is not linked with your FD profits.
Yes, you can break your FD subject to settlement of your finance outstanding.
You can avail finance facility with flexible tenure up to 48 months.
You can avail finance facility up to 90% of AED 20 MM (whichever is less) of your fixed deposit.
It’s a hassle free and quick financing solution that doesn’t require transfer/assignment to CBD. Only hypothecation of your Fixed Deposit is require
It a type of financing facility also called as secured lending against pledge of Fixed Deposit to facilitate customer to raise short-term money without breaking a fixed deposit (FD). Under the variant of Personal Finance – secured lending against FD, the customer will enjoy the low profit rate as compared to regular variant of personal finance product which is the main advantage and attraction for the customer
Download the CBD App and access your financial future from the palm of your hand.
Other ways to connect
Accessibility