| Expatriates | UAE Nationals |
|---|
Processing fees amount
(Min.AED500) | 1% of the principal loan amount | 1% of the principal loan amount |
| Credit life insurance | 0.5% of principal amount | Free for UAE Nationals |
| Delayed payment penal interest charges | Additional 3% p.a over agreed/advised rate from the date of default (Min. AED50) | Additional 3% p.a over agreed/advised rate from the date of default (Min. AED50) |
| Deferment of instalment | AED100 for every deferred loan instalment | AED100 for every deferred loan instalment |
| Early settlement fee: |
| Loans from ADCB | 1.5% of outstanding loan amount | 1.5% of outstanding loan amount |
| Loans through other banks | 5% of outstanding loan amount | 5% of outstanding loan amount |
| Full and Final Settlement through own resources/include End of Service Benefits (EOSB) | 3% of outstanding loan amount | 3% of outstanding loan amount |
| Partial payement (more than 2 installments) from all sources including EOSB | 3% of total pre-payement amount | 3% of total pre-payement amount |
| | | |
