CBD Quick Loan in UAE

This quick loan in UAE, exclusively curated for UAE expatriates, is marked by numerous features such as straightforward loan approvals, low-interest rates, flexible repayment terms, and more. These features make it an ideal option for those looking for a hassle-free way to access funds for urgent requirements.  

Features and Benefits of CBD Quick Loan 

With the Commercial Bank of Dubai Quick Loan, you can enjoy a wide range of benefits and features such as -  

• You can get up to AED 150,000 with this loan.
• The reducing rate for this quick loan in UAE starts at 1.17% monthly.
• CBD Bank offers a flexible loan repayment period of up to 48 months.
• You can get your loan approved in minutes if qualified.
• The loan application process is 100% digital and can be completed in just a few clicks.
• You don’t need to make a salary transfer to a CBD account. 

Eligibility Criteria for CBD Quick Loan in the Emirates

You must meet specific requirements to qualify for the Commercial Bank of Dubai Quick Loan -  

• You must be a UAE expatriate.
• You must be at least 21 years old.
• At the time of loan maturity, your age should not exceed 60 years.
• Your monthly salary must be AED 8,000 or more.
• You must be a confirmed employee working in the Emirates or must have served for a minimum of 6 months in your current organisation. 

Documents Required for CBD Quick Loan 

CBD Quick Loan, as mentioned earlier, has a completely digital application process. Its document requirements are minimal, with only an Emirates ID required from the applicant. 

You can take a look at the general documents required for CBD personal loans here - 

• Original Emirates ID
• Original Passport
• Residence Visa
• Salary Certificate / Salary Transfer Certificate/ Pay Slip (where applicable)
• Completed loan application form
• Original 6 months’ bank statements (only for new customers) 

Fees and Charges of CBD Quick Loan in UAE

The table below enlists all the related fees and charges of Commercial Bank of Dubai Quick Loan in the UAE -  

Type of Fee	Charges
Processing Fee	1% flat of the loan amount (VAT is applicable) Amount limits - at least AED 525 and up to AED 2,625
Part-Payment From Own Sources	1% (VAT is applicable) up to AED 10,500
Part-Payment From Other Bank	1% (VAT is applicable)  Maximum - AED 10,500
Early Settlement From Own Sources	1% (VAT is applicable) up to AED 10,500
Early Settlement From Other Bank	1% of the remaining balance (VAT is applicable) or AED 10,500 (whichever is lower)
Interest On Loan	As per the credit policy for the personal loan
Loan Rescheduling	AED 262.5
Life Insurance	0.82% of the loan amount
Postponement Request	AED 105
Loan Cancellation Fee	AED 105
Issuance of Liability Letter to Other Banks	AED 63
Late Payment Penal Interest Charges	Maximum AED 200
Final Settlement From Other Sources / End of Service Benefits	1% (VAT is applicable) up to AED 10,500

How to Apply for CBD Quick Loan in UAE through Policybazaar UAE?

With Policybazaar.ae, you can easily apply for the CBD Quick Loan with just a few taps from the comfort of your home. To ensure a hassle-free application process, refer to the detailed instructions below - 

1. On our website - policybazaar.ae - click on the Banking Products drop-down menu.
2. Select ‘Personal Loans’.
3. Fill out the lead form on the next page and submit it.
4. The personal loan quotes page will appear.
5. Search for the CBD Quick Loan product and hit ‘Apply’.
6. Proceed with the on-screen instructions to complete the procedure. 

You can unlock multiple benefits when you apply for the CBD loan via our digital platform -  

• Quick and effortless loan application process
• Our customer support team actively provides you with assistance throughout the loan process.
• You can check your credit Score for free on our website to verify your eligibility for the loan.
• Platform to explore the loan’s features, fees, eligibility, and more without going to the bank

Via Bank Branch

With policybazaar.ae, you can easily apply for this Commercial Bank of Dubai Quick Loan online. However, if you are facing any issues, you can connect with our customer team or visit your nearest branch of the bank. In the offline mode, you can get assistance from one of the bank’s representatives regarding the application process.

CBD Personal Loan Calculator 

The CBD loan calculator is an effective tool that can help you estimate your monthly instalments beforehand. Here’s how you can use this calculator - 

1. Click on the ‘Borrow’ menu on the homepage of the bank’s official website.
2. Choose ‘Quick Loan’.
3. Once directed to the next page, scroll down and move to the ‘Personal loan calculator’ section.
4. Enter the details as prompted.
5. The result will be auto-generated once you submit all the details. 

The CBD online loan calculator is a great tool to make loan calculations easier and faster. With just a few clicks, you can get accurate results instantly and save a lot of time compared to manual calculations. 

You can adjust the values to find the best loan option for yourself in terms of tenure, loan amount, and more. Note that even though the calculator generates accurate results, the actual instalment amount may vary as the interest rate used in the calculation may be different for each applicant, depending on their profile, income, credit score, and more.   

CBD Quick Loan: Terms and Conditions 

Here are some general terms and conditions of CBD Quick Loan -  

• The borrower agrees to pay Commercial Bank of Dubai all amounts due, including principal, interest, and fees, as outlined in the facility offer letter that will be signed by the borrower.
• All money due to the borrower is and will remain a continuing security for the Bank. All current and future money owed to the bank, including any contingent liabilities, must be paid on demand by the borrower.
• The borrower agrees to sign and submit all necessary documents, such as transfers, assignments, mortgages, powers of attorney, and other related materials, as required by the bank to ensure its full ownership of any securities subject to this agreement.
• The borrower agrees that the bank may, without prior notice, merge, consolidate, offset, or transfer any funds from the borrower's accounts to any of the existing loans at any point in time. These actions may be taken in order to settle the debt of any of the Loans.
• The bank reserves the right to terminate any facility that has not been taken advantage of by the borrower at any time without prejudice or bias. 

For more details on the same, refer to the bank's official website or your loan documents. 

Why Choose Commercial Bank of Dubai Quick Loan? 

The Commercial Bank of Dubai Quick Loan is a great option for expatriates looking for a fast loan solution. This loan is designed to provide customers with access to quick and easy finance, allowing them to meet their immediate financial needs. 

The loan is available with minimal paperwork and can be processed quickly and efficiently. Moreover, the bank offers this quick loan in UAE at competitive rates of interest, making it one of the most cost-effective loans in the UAE. Furthermore, the bank offers flexible repayment terms as well as excellent customer service.

Let’s now take a look at what other loan seekers have to ask about CBD Quick Loan! 

Frequently Asked Questions