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Personal Loan Provided By Emirates NBD Bank
|Emirates NBD Personal Loan Details|
|Minimum Salary||AED 5000 - AED 25000 per month (depends on the nationality and type of loan)|
|Interest Rates||Flat rate: 2.63% - 11.51% | Reducing rate: 5.99% - 19.99%|
|Maximum Loan Amount||AED 200K - AED 3000K(depends on the nationality and type of loan)|
|Early Settlement Fees||1% of the outstanding amount|
|Arrangement Fees||1% of the approved loan amount|
|Age||21 - 60 years(Expats) & 65 years(UAE Nationals)|
Features of Emirates NBD Personal Loan
- Home Improvement Personal loan up to AED 3 million
- Personal Loans for UAE Nations with additional income (rent / sponsorship fee) up to AED 3 million
- Automatic Top-up programme up to 125% times your original loan amount
- Personal loans for New to country / New to employment up to AED 400,000
- End - of - Service Benefit Backed Personal Loans up to 90% of End-of-Service Benefit amount
- Without End-of-Service Benefit Assignment Personal loans up to 15 times your salary or up to AED 500,000
- Loan for NRIs – Loan against / for NRE Fixed Deposits up to 90% of Fixed Deposit amount in AED and up to 80% for INR Fixed Deposit
- Personal loans for Bankers up to AED 200,000 for both UAE Nationals and expatriates
- Personal loans without salary transfer up to AED 200,000 for both UAE Nationals and expatriates
- Personal loans for self-employed professionals like doctors, accountants, engineers, architects, etc. of up to AED 300,000
- Personal loans for self-employed individuals in business for at least 2 years of up to AED 300,000
- Overdraft facility of up to 90% of the net monthly salary or 90% of the Fixed Deposits under lien with Emirates NBD
Emirates NBD offers a wide range of personal finance to match the needs of different customers. The loans offered are :
Salary transfer loans for UAE Nationals :
This is a personal finance provided to UAE Nationals who are willing to transfer their salary to their account with the bank.
- Minimum salary requirement of AED 5,000
- Maximum loan amount of up to AED 3,000,000
- Maximum tenure of loan up to 48 months
- Attractive interest interest rates starting from 5.99% reducing or 2.63% flat per annum
- Free bank account with no minimum balance requirement
- Free 7 day loan return option for customers who are not satisfied after the loan is disbursed
- Double Insurance coverage
Salary transfer loans for Expatriates :
Expatriates willing to transfer their salary with the bank can avail personal loans too. The features and benefits being similar to the personal loans for UAE Nationals, the maximum amount of loan provided to expatriates can go up to AED 1,000,000.
Personal Cash Loan :
These loans are available even for customers whose employer is not on Emirates NBD's Approved List of companies.
- Minimum salary requirement is AED 10,000 if you have an existing credit card or Auto loan with the bank, if not, then minimum salary requirement is AED 12,000
- Maximum loan amount up to AED 500,000
- Minimum 6 salary credits with 6 months length of service with current company
- For existing customers of credit cards / Auto loans – minimum banking relationship of 12 months
Emirates NBD Bank Personal Loan Interest rates
Eligibility Criteria of Emirates NBD Personal Loan
Check here for the Eligibility Criteria of Emirates NBD personal loan
Frequently Asked Questions
Q. Is salary transfer mandatory?
A. Yes, your salary must be transferred to your Emirates NBD bank account.
Q. Is it mandate to maintain any minimum balance in the account?
A. No, there is no requirement of maintaining a minimum balance in the account.
Q. Do I need to provide salary certificate to top-up my loan?
A. No, to top-up your loan salary certificate is not required.
Q. Any collateral/guarantor is required for a personal loan?
A. Collateral/Guarantor is not required.
Q. I’m new to the UAE can I get a personal loan?
A. Yes, If you are working, you are eligible to apply for a personal loan and in addition, you can get a current account or savings account without the requirement of maintaining a minimum balance.
Q. What is the maximum tenure provided for a personal loan?
A. Emirates NBD provides the maximum tenure of 4 years.
Q. What is the minimum length of service required for a personal cash loan?
A. Minimum 6 months work service in the current company is required.
About Emirates NBD Bank
In 2007, Emirates Bank International (EBI) and the National Bank of Dubai (NBD), the second and fourth largest banks in UAE, merged to form the banking champion - Emirates NBD. With more than 200 branches and over 900 ATMs and Cash Deposit Machines (CDMs) across the country and overseas, it is globally recognized as the most valued financial services provider in the Middle East. On November 15, 2016, Emirates NBD took over Emirates Money Consumer Finance LLC, becoming a regional consolidation blueprint for banking and finance sector in the UAE.
Corporate Values of the Emirates NBD are:
- Customer Focus
- Service Excellence
- Passion For Performance