If you are a UAE National or ex-pat aged between 21 and 70 years (at the time of loan maturity). |
If you maintain average monthly balances of a minimum of AED 225,000 with CBD*. |
We kindly request you to carefully read and understand this document if you are applying for a Loan Against Fixed Deposit from Commercial Bank of Dubai.
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AEDCBD offers all types of Personal Loan against Salary Transfer or Hypothecation of FD as listed below:
It’s a secured financing/lending against FD/TD hence, CBD doesn’t require any Insurance cover from customer.
Yes, you can break your FD/TD subject to settlement of your Loan outstanding.
You can avail Loan facility with flexible tenure up to 48 months.
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 this variant of Personal Loan – secured lending against FD, the customer will enjoy a low profit/interest rate as compared to regular variant of personal finance/loan product which is the main advantage and attraction for the customer
The minimum age requirements is 21 years and maximum age is 70 years at the last installment due date for UAE nationals and expats.
Product details given above are for the initial reference purpose only. Approval of any loan or facility will be at a sole discretion of CBD. Personal Loans are subject to Terms and Conditions as stipulated by CBD and the regulatory authorities in the UAE.
Please contact our call centre 600 575 556 for checking your eligibility for CBD Personal Loan and detailed Personal Loan terms as product availability depends on terms stipulated by the Central Bank as well as on the Bank’s internal credit policy.
Please carefully read all terms and conditions on CBD Personal Loan application form and also on Personal Loan agreement (both to be signed by you) as well as CBD General Terms and Conditions for avoiding any disappointments. You may also consult our Personal Loan Executives/Advisors as well as our representatives in branches or call centre for details or explanations, if required.
If you do not meet the repayments/payments on your credit card/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. For complete product details and warnings, please refer to the Key Facts Statement.
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