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Finance

Boat Finance

Own the boat of your dreams with affordable boat finance from ADIB. Finance your own new or used boat with a low profit rate.

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Key Benefits

  • 24 hour Banking Services Finance Amount
  • icon Competitive Profit Rates
  • icon Flexible repayment terms
  • icon Two instalment postponements
Finance Amount

Finance Amount

Finance Amount

​ Up to AED 3 Million for UAE Nationals and AED 2 Million for UAE Residents.

Profits

Competitive Profit Rates

Competitive Profit Rates

​ An attractive reducing profit rate starting from 4.59% per annum along with getting a Covered Card

Benefit

Flexible repayment terms

Flexible repayment terms

​ Up to 48 months

Benefit

Two instalment postponements

Two instalment postponements

​ Up to 2 instalment postponements in a year

Benefit

First instalment payment after 7 months

First instalment payment after 7 months

​ Up to 210-days instalment holiday for the first payment

Benefit

Optional comprehensive personal finance Takaful coverage

Optional comprehensive personal finance Takaful coverage

Enjoy pace of mind with personal finance takaful coverage for the outstanding balance up to 2.5 million

Learn more

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Documents you'll need

  • Original and copy of valid passport (with valid residence visa for expatriates).
  • Original and copy of valid Emirates ID.
  • Boat quotation addressed to ADIB. Fresh salary transfer letter / Salary certificate addressed to ADIB.
  • Three months bank statement (if salary not credited to ADIB).

Eligibility

  • Salary transfer is required
  • Employees of approved list of employers in ADIB.
  • Minimum salary is AED 8,000
  • Minimum age at time of application should be 21 years.
  • Maximum age at time of completion of finance tenor should be:
    • *For UAE Nationals 65 years
    • *For expatriates 60 years
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