PERSONAL LOAN

Cash in hand within 73 hours* Repayment period up to 20 years*

Your dream matters to us. This is why our personal loan offer has been tailored to meet your requirements.

  • Competitive interest rates
  • Cash in hand within 48 hours*
  • Flexible repayment
  • Collateral- free loan (no security required) *
  • Insurance processing facilities
  • Available to non-customers

Eligibility

  • Borrower has to be a confirmed employee drawing a minimum monthly salary of usd/Euro 10,000 *
  • Repayment including applicant’s current obligation should not exceed 50% of basic salary

*Please note that terms and condition apply to the above.

Documents Required

  • National ID Card/Passport
  • Proof of address (not older than 3 months)
  • Last 3 months’ salary slips
  • Last 6 months’ Bank statement (for non-customers)
  • Letter of confirmation from employer
  • Marriage certificate (If applicable)

All applications will be subject to the Bank’s usual assessment

HOUSING LOAN

Whether you are buying your first home, purchasing a plot of land, building, moving house or renovating, we are here to assist you in your journey. Admak Bank Loan is easy to apply, flexible and offers transparent terms.

  • Competitive interest rates
  • Up to 100% financing for land/ house/ apartment purchase – 1st time buyer. Up to 70% financing for subsequent purchase*
  • Up to 100% financing for construction*
  • A refund of 5% on amount up to a maximum of USD/EURO 50,000 – as per Government Home Loan Payment Scheme and Home Ownership Scheme – applies.
  • Refinancing of your existing loan
  • Fast approval if all relevant documents are duly submitted at the time of application
  • Up to 12-month moratorium period during your construction phase
  • Life insurance cover
  • Available to non-customers

Terms & Conditions

All applications will be subject to the Bank’s usual assessment. Rates are variable and linked to either Admak Bank, Base Lending Rate

Rates are variable and subject to change at any time.

COLLECTIONS

Collections are international trade procedures in which the bank in the importer’s country acts on behalf of an exporter for collecting and remitting payment for a shipment.

The exporter presents the shipping and collection documents to his or her bank (called the Remitting Bank) which sends them to the Bank in the importer’s country.

The importer’s bank (called the Collecting bank) hands over shipping and title documents (required for taking delivery of the shipment) to the importer in exchange for cash payment (in case of ‘documents against payment’ instructions) or a firm commitment to pay on a fixed date (in case of ‘documents against acceptance’ instructions).

EXPORT FINANCING

This facility (pre shipment and post shipment) is available to exporters through:

  • Letter of Credit
  • Documentary Collection
  • avalised Bill of Exchange

IMPORT LOANS

This short-term facility, generally granted for 90 days is available for settlement of both sight and usance documentary credits, Collections and open account payments on behalf of our customers. It provides the customer with the flexibility to manage his cash flow.

LETTER OF GURANTEE

  • Easy and faster processing
  • Low Interested Rates
  • Pay by Installment
  • Confirmed with Trade Credit Insurance
  • It Allow to get fund against Guarantee