Most of us seek hassle-free, paperless procedures when it comes to banking in today’s day and age. To fulfil this need, Abu Dhabi Commercial Bank (ADCB) has launched Hayyak app which could be the best avenue for you to make your banking experience seamless. Whether it's opening a bank account or applying for a personal loan, Hayyak App makes banking relationships convenient and easy for UAE residents. Simply download the Hayyak mobile app and try your hands on this next-generation banking app.
Features and Benefits of Hayyak App
You can reap various benefits by applying for a personal loan in UAE through Hayyak. Some major ones are listed below:
Simplified account opening process - All Digital - Opening a bank account through the conventional method can be daunting. You will have to stand in long queues and carry hard copies of the related documents to begin the process. However, Hayyak eliminates all these hassles. With Hayyak app, you can open an account and perform a host of other actions in just 10 minutes.
Apply for personal loan instantly - To apply for a personal loan, you simply need to download the Hayyak app on your mobile. Log in to your account and check your eligibility to see if you are eligible to apply for loan. One you’re certain of the eligibility criteria, you can easily apply for an ADCB personal loan with Hayyak in a matter of a few minutes.
Get personalised services - Hayyak is a unique banking app that allows you to find and make the best of your banking preferences. With this app, you get the freedom to choose between a savings and a current account. Moreover, you can also set the language as per your preference. The most interesting part is that you can also choose how you want your name to appear on your debit or credit card.
All the banking facilities are just a few taps away - With Hayyak, you don't need to worry about visiting the bank and standing in long queues to submit your documents. The bank's representatives will reach your location to collect salary documents for loans. You will also receive the welcome kit within 3 days.
Mobile wallet - You can also connect your physical credit or debit card with a phone wallet and make instant online payments. All you are required to do is scan your card or enter your card details in a wallet of your choice to begin the process.
Free credit card - Upon opening a bank account through Hayyak or availing any of the services, you get access to a free for life credit card. Moreover, you can also check your credit card limit through the app and request the bank to increase it if required.
Eligibility to Get ADCB Personal Loan with Hayyak
Evidently, obtaining a personal loan via the Hayyak app is one of the most convenient methods to gain access to ADCB personal financing. You can utilise the corpus for various purposes, be it financing your child's education, for marriage or any other financial obligations.
However, in order to obtain this hassle-free loan, you need to meet a few crucial eligibility parameters. Find them below:
Applicants can be salaried, self-employed or a homemaker
You should be a resident of the United Arab Emirates (UAE)
You should be aged 21 or above
Your monthly income should be more than or equal to AED 5,000
Documents Required to Obtain a Personal Loan with Hayyak
Upon meeting the eligibility criteria, you will receive the funds instantly into your bank account. However, note that this corpus will be disbursed to you on a provisional basis. Meaning, the bank will verify your employment details.
That said, for opening a bank account with Hayyak, you will have to submit the following documents:
Your passport
Your Emirates ID card
A photo of your signature
Proof of salary
Steps to Apply for an ADCB Personal Loan with Hayyak in UAE?
You can obtain a personal loan with Hayyak by following a few simple steps. They are:
Step 1: Download the Hayyak app on your android or iOS device
Step 2: Submit/upload scanned copies of your passport and Emirates ID
Step 3: Click on 'Borrow' and state your loan requirements
Step 4: Check your eligibility and view the various loan options available for you
Step 5: Choose the appropriate option and proceed
Step 6: You will receive your loan immediately upon meeting the eligibility
Now that you know about the application procedure to obtain an ADCB personal loan with Hayyak, you are just minutes away from availing a substantial corpus for all your financial requirements. Simply meet the eligibility parameters and keep your salary documents handy.
Frequently Asked Questions
How much time does it take to receive the loan amount from ADCB
Upon meeting the eligibility, you will receive the loan amount instantly on a provisional basis. Note that you can utilise this amount only upon completing the document verification.
. What can I do if I am not eligible to obtain a personal loan through Hayyak?
If you fail to meet the eligibility, you will have to open an account with the bank. At a later stage, you may apply for a personal loan by following the same steps.
What is the maximum loan amount I can get from ADCB?
You can get a loan amount of up to 20 times your monthly salary.
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