Unsecured Overdraft
Key facts
Wish you had that little bit extra in your account for those times when pay day just can't come soon enough? Our Overdraft facility allows you to run overdrawn on your account up to an agreed limit, you then only pay interest on the amount you are overdrawn. Withdraw an amount up to 100% of your salary and repay at your convenience.
-
Maximum overdraft limit of AED 50,000
-
Pay an interest rate as low as 1.75% per month charged only on the utilised amount
-
No early repayment penalties and no charges for withdrawal transactions
-
You can take advantage of payment protection for you and your family in case of unforeseen events and involuntary loss of employment
- A Personal Financial Advisor is available to discuss your requirements, at a location convenient to you
Apply now
Phone - +971 (0) 4 428 6000
SMS - ODF to 3652
Email - feedback.uae@barclays.com
Visit us -
Barclays Branches
What you need
Applying for an Overdraft is an easy process; you will just need to provide us with a few documents in person.
Eligibility
-
Current account with Barclays
-
Salary transfer required
-
Minimum income of AED 8,000
Documentation (1)
-
Valid passport
-
Valid UAE residence visa
-
1 undated security cheque
-
Last 3 months bank statements
(1) Documents required depend on individual circumstances. Additional documentation might be requested by Barclays as deemed necessary
Fees & Charges
Fees & Charges
| Processing Fees | 1% of limit (min. of AED 500) |
| Insurance Fee | 0.5% p.a. |
| Overdraft Fees | AED 200 p.a. |
| Interest Rate | 21% p.a. |