NBAD Buyout Loans

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Buyout Loans

Minimum Salary

AED 10K

Flat Rate

2.61%

Reducing Rate

4.74%

Loan Amount

AED 5000K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 10K

Minimum Salary

2.61%

Flat Rate

4.74%

Reducing Rate

AED 5000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Features

  • Maximum tenure provided is 4 years
  • Low fees and charges on buyout loans
  • Interest rates of 4.74% is charged
  • Maximum loan amount of AED 5 million is provided

Benefits

  • Gold Elite customers can avail discount on processing fees
  • Can transfer your existing loans to NBAD

Frequently Asked Questions

Q. Do I need to transfer my salary to NBAD account?

A. Yes, to avail NBAD Buyout loan you need to transfer your salary to NBAD account.

Q. What is the discount provided on the processing fees?

A. For Gold Elite customers 25% off is provided on the processing fees.

Q. What is the early settlement fee on buyout loans?

A. 1% of the outstanding loan amount is charged as early settlement fees.

Q. How many months bank statements do we need to provide?

A. Latest 6 months bank statements where the salary is getting transferred to, should be provided.

Q. Can I skip any installments?

A. Yes, you can skip installments but installment deferment fees of AED 100(per installment) is charged.

NBAD

National Bank of Abu Dhabi (NBAD), with its vision to be the World’s Best Arab Bank endeavors to provide the best products and service across the East-West corridor. Featuring in the World’s Top 50 safest banks, NBAD is a bank you can turn to for your financial needs without worry. The values as mentioned on www.nbad.com are :

  • Put our customers at the forefront and “do the right things the right way”
  • Value our people and foster great teamwork
  • Empower our people and hold each other accountable for performance and behaviour
  • Respect our heritage and be loyal to our stakeholders

NBAD offers a wide range of personal finance options