CBI Personal Loan

The Commercial Bank International UAE (CBI) is among the most prominent financial institutions across the UAE

The bank offers a comprehensive range of banking services to individuals, businesses, and corporate clients, with its offerings including personal loans as well.

In this article, we will have a comprehensive overview of the CBI personal loan and understand its features, fees and charges, specific requirements, and more.

Feature and Benefits of CBI Personal Loan

CBI personal loan offers the following benefits and features -

• This personal loan in UAE is exclusively offered for salaried individuals.
• The application process is easy and convenient.
• You have the option to select an overdraft facility on your current account.
• Attractive interest rates offered on the loan varying from 6.75% to 9.75% per annum*
• You can get a loan amount in high salary multiples (up to 20x your salary).
• You can opt for a pre-approved award-winning Rewards credit card.

*Interest rates are subject to change at the bank’s discretion.

What are the Eligibility Criteria for CBI Personal Loan?

To be eligible for the CBI personal loan, you must fulfil the criteria mentioned below -

• You must either be a UAE national or an expatriate.
• You must be a salaried individual. 

Which Documents are Required for CBI Personal Loan?

Given below is the list of documents required to obtain a personal loan from CBI -

• Valid Emirates ID
• Valid passport and UAE residents visa (for expats)
• Salary transfer letter
• Salary certificate
• Liability or clearance letter (if switching loan from another provider)
• Previous three months’ bank statement
• Signed and completed application form

CBI Personal Loan: Fees and Charges

Check out the table below for all the fees and charges related to CBI personal loans -

Type of Fees	Charges
Processing fees	1% of the loan amount (minimum AED 500 and maximum AED 2,500)
Loan Top Up	1% of the top-up amount  Minimum - AED 500 Maximum - AED 2,500
Early Settlement from Same Bank Loans	1% of the remaining balance
Early Settlement from Other Bank Loans	1% of the remaining balance
Deferment of Instalment	AED 100 per deferment
Relationship Fee	NIL
Loan Cancellation Fee	AED 100
Revolving Overdrafts Fee	AED 200
Loan Rescheduling Fee	AED 250
Partial Payment from All Sources Including EOSB	1% of the partial payment
Final Settlement from Other Sources/ End of Service Benefits (EOSB)	1% of the remaining balance
Delayed Payment Penal Interest Charges	2% of the delayed amount  Min - AED 50  Max - AED 200

How to Apply for CBI Personal Loan in the UAE?

You can visit the official website of the bank to easily apply for a CBI personal loan. To start, you can click on the ‘Apply’ option on the personal loan page and carry out the further process as prompted. Make sure you have all the relevant documents with you to avoid any later hassle. 

In case of any queries, you can get in touch with one of the bank’s agents via email or a call.

CBI Personal Loan Calculator

CBI personal loan calculator is an effective tool that allows you to estimate your loan repayment amounts, interest rates, and the overall affordability of your chosen option. By providing relevant information such as loan amount, interest rate, and loan tenure in an instant, it allows users to make informed decisions without spending much effort or time.

You can determine the feasibility of your loan plan and choose the most suitable options as per your financial requirements. Additionally, these online personal loan calculators simplify the overall calculation as they generate results automatically without any scope for human error.

Personal Loan EMI Calculator

Frequently Asked Questions