The National staff | October 7, 2013
Abu Dhabi Islamic Bank’s personal loan product for expats has been named one of the most popular in the UAE by comparison site Souqalmal.com.In its list of the top five most popular financial products for the third quarter of this year, users named ADIB as the best bank for personal loans, home loans and car loans.
In the car loans category alone, the bank dominated the rankings – winning the top three spots with its new and used car finance products.
ADIB’s Al Khair Settlement for Expats, starting at a reducing rate of 5.99 per cent and offered to those earning over Dh5000, was voted the best personal loan.
Emirates Islamic Bank took both second and third position on the list with their Binaa Home Finance requiring a minimum salary of Dh10,000 and charging a rate of 4.99 per cent with zero downpayment.
ADIB also won in the car finance category with its Used Car Finance Ijarah – starting at a reducing rate of 7.24 per cent and offered to those earning over Dh5000 with zero downpayment – voted the nation’s best car loan.
Cashback and Airmiles took the lead as the main benefits that customers were searching for. Najm secured the top spot in the credit cards’ category for the second quarter running – this time with its Silver Card, which offers users cash back on spends at Carrefour and charges 2.99 per cent on borrowing.
The Najm card was closely followed by CBD’s free annual fee Gold MasterCard and Citibank’s Emirates Gold Card. CBD offers Attijari points on its Gold Mastercard which can be redeemed for Skywards Miles or discounts are various retailers while Citibank offers Skyward Miles for each USD 1 spend.