ADIB Education Finance for UAE Nationals

The importance of education cannot be stressed enough. It is an essential part of every individual’s life and forms the basis of his/her future progression. Thus, any compromise here is not ideal, especially if it is a financial one. The reason being with options like ADIB education finance for UAE nationals, meeting any such expenses is not an issue anymore.

Education finance refers to the credit facility curated by financial institutions to support every UAE national in meeting educational requirements. Whether it is a higher study within the country, or an aboard one, with the ADIB education finance for UAE nationals, you can meet all these financial requirements.

With a credit facility like this, you can fund tuition fees, examination fees, purchase of study material and other requirements. After the completion of your course, you can repay the amount as per the terms specified in the loan agreement.

Features and Benefits of ADIB Education Finance for UAE Nationals

Here are some of the highlighting features of the education financial you can get from ADIB:

1. ADIB sanctions finance amounts of up to AED 250,000 for UAE nationals
2. The repayment term of this credit facility is 4 years.
3. There is an instalment holiday of 120 days available with ADIB. Additionally, you can postpone two instalments a year, if needed.
4. Also, the optional comprehensive Takaful coverage is also available.
5. There are two interest rate options available, flat rate and reduced rate. Flat rates start from 3.72%, and the reducing rate starts from 6.75%.
6. There is an early settlement fee of 1% of the outstanding loan amount.
7. No processing fee is applicable on the ADIB education finance for UAE nationals.

Income Salary for ADIB Education Finance for UAE Nationals

To apply for a personal loan, the applicant needs to have a minimum salaried income of AED 8,000. 

Interest Rate for ADIB Education Finance for UAE Nationals

The interest in education finance is fairly low in the country. UAE nationals get loans sanctioned at a flat rate of 3.72% or a reducing rate of interest of 6.75%.

Eligibility Criteria of ADIB Education Finance for UAE Nationals

To qualify for an ADIB personal loan for education, one needs to meet a set of eligibility parameters. Here are the details –

1. Be a native of UAE.
2. Age between 21 to 65 years old.
3. Earning a minimum salary of AED 8,000 per month
4. Mandatory salary transfer
5. Your employer should be on the approved list of ADIB

Documents Required for f ADIB Education Finance for UAE Nationals

To get a personal loan in UAE, you need to furnish the following documents –

1. Valid original passport along with its copy
2. Original and a photocopy of the Emirates ID
3. University or school quotation addressed to the bank
4. Up-to-date salary transfer letter or a salary certificate addressed to ADIB
5. Bank account statement of the last 3 months, only if the salary is not credited to ADIB

After furnishing all these documents, the loan application process will begin and you need to wait for an approval from the bank.

How to Apply for ADIB Education Finance for UAE Nationals – Application Procedure

The application procedure of personal finance for education is a simple one. UAE nationals can apply online as well as offline for this credit facility from ADIB. Both of these procedures are discussed in detail here:

ADIB Education Finance for UAE nationals – Online Application Procedure

The steps mentioned below need to be completed for an online application process for education finance with ADIB:

• Step 1 – Visit ADIB’s official website.
• Step 2 – Navigate to the ‘Personal’ option and hover the cursor on ‘Finance’, and click on ‘Education Finance’.
• Step 3 – On the bottom of the redirected page, click on ‘Apply Now’ under the ‘Online’ option. 
• Step 4 – Fill in the necessary details required in the form. Then click on the option of ‘Submit Request’ and follow the remaining instructions for completing the online debt education finance process. 

ADIB Education Finance for nationals – Offline Application Procedure

Are you not comfortable applying for a loan online? Then you need not worry. You can also apply for the loan via offline modes as well. You need to visit the nearest ADIB branch to complete the education finance settlement procedure, thereby filling out an application form.

The ADIB Headquarters address:

• HQ Address: Sheikh Rashid Bin Saeed St (Old Airport Road) opposite Hilton Capital Grand Hotel.
• Phone Number: 600543216

Final Words

ADIB education finance for UAE nationals is a smart way to meet all the education-related expenses of your or your children. Instead of liquidating your savings, you can now get necessary credit against favourable terms to avoid any monetary stress that can hamper your education. Nevertheless, the particulars of a loan agreement make the necessary difference, so go through them carefully to avoid future issues.

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