Emirates NBD UAE National Loan

Zero Balance Free account
emirates-nbd Bank

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UAE National Loan

Minimum Salary

AED 5K

Flat Rate

2.63%

Reducing Rate

5.99%

Loan Amount

AED 3000K

Early Settlement Fee

1%

Arrangement Fee

1%

Advantages

  • Free 0 balance account
  • No collateral/guarantor required
  • High finance is provided

AED 5K

Minimum Salary

2.63%

Flat Rate

5.99%

Reducing Rate

AED 3000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Advantages

  • Free 0 balance account
  • No collateral/guarantor required
  • High finance is provided

Features

  • Repayment period is up to 4 years
  • Only UAE Nationals can apply for this loan
  • The loan is provided for a interest rate of 5.99%
  • Minimum salary of AED 5,000 is required
  • The reduction rate and the flat rate is 5.99% and 2.63%.
  • It is mandatory to transfer your salary
  • Finance up to AED 3,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 3,000,000 loan amount
  • Around 560 ATMs of the Emirates NBD are there around the UAE
  • You can miss up to two non-consecutive installments per year
  • Free Debit Card and bank account is provided along with this scheme
  • Repayment period is long
  • Documentation is simple and easy

Frequently Asked Questions

Q. What are the charges to open a bank account?

A. There are no charges levied if you open an account in Emirates NBD for a personal loan.

Q. Is there any minimum balance required to be maintained?

A. No, it is not mandatory to maintain some minimum balance in the bank account.

Q. Are the processing fees applicable even on the top-up loans?

A. Yes, 1% of the loan amount approved is charged as the processing fees.

Q. Does the co-borrower need to be a salaried individual?

A. No, the co-borrower need not be a salaried individual.

Q. How does the bank decide due date of our monthly installment?

A. Your monthly due date will be the date when your loan was booked.

Emirates NBD

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
  • Innovation
  • Passion For Performance
  • Integrity
  • Teamwork