Paying your rent
made simple


We know how much your home means to you. To make it easier, more convenient and hassle-free to pay your rent, we bring you SimplyRental - an exclusive initiative for ADCP customers by Simplylife.

SimplyRental Benefits

  • SimplyRental loan bundled with a Simplylife Credit Card with AED 500 cash back on first purchase
  • Loan at a competitive rate of 7.99% p.a. (reducing balance)
  • ADCP customers are pre-qualified for the loan and Simplylife credit card
  • Just send us an SMS or fill the online form for service at your doorstep

Simplylife Credit Card Benefits

  • 1.5% cash back on all purchases
  • 2 free movie tickets on a month's spend of AED 1,500
  • No annual fee
  • Convenient installment options

Documents Required

  • Emirates ID card
  • Visa copy
  • Passport copy
  • 1 month salary statement
  • Tenancy contract
  • Security PDC

Fees & Charges -Loan

Interest rate 7.99% p.a (reducing balance)
Processing Fees & Insurance 0%
Pre-Closure Fees 0%

Fees & Charges - Credit Card

Finance charges
  • (Retail purchase) 3.09% per month
  • (Cash advance) 3.09% per month
Cash advance fee 3% or AED 50 (whichever is higher)
Over limit fee AED 250
Late payment fee AED 300
(if minimum payment due is not paid by Payment Due Date)
Card replacement fee AED 95
Duplicate statement fee AED 25
Returned cheque charge AED 150
Outstation cheque processing charge AED 20
Copy of sale voucher AED 25
Processing fee for non AED transactions 3% (Business Card only)


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What is Simplyrental? 

Simplyrental is a rental finance solution exclusively designed for the existing as well as new tenants of ADCP wherein they can avail a Simplylife rental loan at 7.99% (reducing balance) per annum bundled with Pre-Loaded Credit Card worth AED 500 to fulfill their rental obligations in a hassle-free way.

Why should a tenant opt for Simplyrental? 

Simplyrental offers a variety of benefits such as:

  • 1. 7.99% reducing balance on rental loans
  • 2. Loan is bundled with Pre-Loaded Credit Card worth AED 500
  • 3. Faster processing
  • 4. Pre-Approval in 48 hours
  • 5. Minimal Documentation
  • 6. No Annual Fee on cards
  • 7. No Pre-Closure charges
  • 8. No processing fee for loans

How can I apply for a Simplyrental loan? 

You can apply for Simplyrental loan and avail service at your doorstep by choosing any of the following:

  • Send an SMS 'rent' to 2626
  • Call Simplylife contact center: 600545545
  • Fill Online form on
  • Walk into an ADCP Branch

What are the required documents to apply for a Simplyrental loan? 

The documents required to apply for a Simplyrental loan are:

  • 1. Passport copy
  • 2. Visa copy
  • 3. Emirates ID
  • 4. 1 month bank statement showing 1 salary credit
  • 5. Tenancy Renewal letter/ Tenancy Contract (Existing Tenants)
  • 6. General Inquiry form(for new tenants)
  • 7. Security Cheque

How quickly can I get a Simplyrental loan? 

Simplyrental is a seamless, quick and convenient rental loan facility where customers are offered premium services starting from the time of the collection of documents till the time of disbursal.

Simplylife assures to disburse funds within 3 working days upon receipt of the complete set of documents from the customer.

If I am not 100% eligible for the rental loan, then can I take partial amount at the time of renewal? 

Yes but the minimum eligibility has to be at least 50% of the rental value. The balance payment needs to be made to ADCP in cash at the time of renewal.

*This option is only available for existing tenants

I have already made Initial Payment, can I take Simplyrental Loan to finance the balance payment? 

Yes, you can avail the Simplyrental Loan to make the balance payment subject to:

a) Balance Payment shall at least 50% of the total rental value

b) You should be eligible for the entire balance amount

*This option is only available for existing tenants

I have already made payment to ADCP. Will Simplyllife refinance my rent? 

Yes Simplylife can refinance the rental value subject to:

a) You should apply within 1 month of the payment to ADCP

b) You should have paid the entire rental value in cash or current dated cheque

*This option is only available for existing tenants

I am a new tenant of ADCP. Am I eligible for partial payment or refinance? 

No. New tenants can only avail Simplyrental provided they are 100% eligible for the rental loan.

Does Simplylife consider spouse’s income in case of joint owner rental agreement? 


Tenants of ADCP are pre-qualified for Simplyrental. Does that mean I will get a Simplyrental loan for sure? 

All ADCP tenants are pre-qualified but the actual disbursal of loans is subject to certain credit checks.

Will the loan be in the name of the tenant whom the contract is under?  

Yes, the loan will be offered to the tenant signing the contract. In case the spouse is employed and terms & conditions are met, the spouse’s income will be taken into consideration for eligibility purposes.

Can I apply for a loan to pay ADCP commercial rentals?  

Simplylife does not offer this facility on ADCP commercial rentals at this point in time.

Will I be able to view rental loan details through online banking? 


Can I visit any ADCB branch for rental loan pre closure? 


Terms and Conditions Apply

All financing and credit facilities are made available at the sole discretion of ADCB and is subject to ADCB's terms and conditions and submission of acceptable documentation.

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