We can help you borrow wisely.
Here’s what you need to know.
Credit cards
Car loans/finance
Personal loans/finance
Educational loans/finance
Mortgage/home finance
Bank overdraft
Allows you to buy expensive items before you have all the required funds.
Can help you manage your life stage needs.
Commonly used for bigger purchases like cars, homes or an education.
Different loan/financing products carry different borrowing costs, some higher some lower.
Choose the right product for the right “need” (e.g. home finance to buy a home).
Shop around for the best interest/profit rates.
Disciplined repayment helps establish good credit.
to only borrow what you need.
by choosing instalments that fit your budget.
you cannot afford.
to save money for big purchases.
at adcb.com or speak with a representative to learn more.
Specially designed activities that can help you borrow responsibly.
Visit our toolkitCredit cards usually have higher interest/profit rates than other forms of credit, like personal loans/financing.
You can check your credit history through the UAE Credit Bureau.
Missed payments attract penalty fees and can get out of control.
Disciplined repayment helps establish good credit. This can affect your future ability to borrow.
Pay at least the minimum on time to ensure you are within your limit.
If possible, pay more than required to be debt-free earlier.
Budget for a disciplined debt payment and savings plan.
Prioritise smaller debts and debts with higher rates first.
by settling credit cards within the interest-free period.
when you make repayments.
and use the difference to pay down debt.
at adcb.com or speak with a representative to learn more.
Specially designed activities that can help you borrow responsibly.
Visit our toolkitIt’s considered acceptable to use 5-10% of income on planned credit repayments (excluding home finance).
Defaulting on debt in the UAE can lead to fines or imprisonment and may make getting a job difficult.
Aim to keep your expenses well below your income.
Budget how much you spend between each salary.
Plan ahead for large purchases and separate the "wants" from "needs".
If you do borrow, carefully choose the right credit product.
Consider interest rates, charges, full payback amount etc.
Don’t evade, but recognise the problem and ask an ADCB representative for assistance.
Prioritize repaying debts with higher rates first.
Find ways to reduce expenses such as more affordable accommodation, energy savings etc.
and make other sensible changes too.
less-expensive brands, eat out less, choose holidays that cost less.
and add to your income.
”needs” vs “wants”.
at adcb.com or speak with a representative to learn more.
Specially designed activities that can help you borrow responsibly.
Visit our toolkitWhen travelling abroad, cash is cost effective but credit cards can be more secure because they often cover problems like theft or loss.
Using your debit card in another bank’s ATM machine often attracts charges.