NBAD Personal Loan for UAE Nationals

Zero Balance Free account
nbad Bank

WarningMessage This product is valid by the Bank

Personal Loan for UAE Nationals

Minimum Salary

AED 10K

Flat Rate

2.61%

Reducing Rate

4.74%

Loan Amount

AED 5000K

Early Settlement Fee

1%

Arrangement Fee

1%

Advantages

  • 25% off on processing fees for elite customers
  • Competitive interest rates
  • High finance is provided

AED 10K

Minimum Salary

2.61%

Flat Rate

4.74%

Reducing Rate

AED 5000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Advantages

  • 25% off on processing fees for elite customers
  • Competitive interest rates
  • High finance is provided

Features

  • Only UAE Nationals can apply for this scheme
  • The loan is provided for a interest rate of 4.74%
  • Minimum salary of AED 10,000 is required
  • The reduction rate and the flat rate is 4.74% and 2.61%. This denotes that the computation done was a division of the reduction rate by 1.816
  • It is mandatory to transfer your salary
  • Finance up to AED 5,000,000
  • Early settlement fee is 1% of the loan amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 5,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Our special customers get 25% discount on processing fee

Frequently Asked Questions

Q. What is the loan cancellation fee for the given personal loan?

A. If cancelled before disbursal AED 100 will be loan cancellation fee for this particular personal loan.

Q. Is NBAD personal loan secured or unsecured loan?

A. Personal loan in NBAD is unsecured as you don't have to provide any collateral while applying for your loan.

Q. How many days does it take to get the credit decision?

A. It takes not more than few minutes, but sometimes it may take longer depending on the situation.

Q. Are there any late payment fee for NBAD personal loan?

A. Yes, 2% of overdue amount with minimum AED 50 and maximum AED 200 will be the late payment fee for NBAD personal loan.

Q. Does getting prequalified for personal loan in NBAD can affect my credit score ?

A. No, it does not. As long as you don't miss your monthly installment your credit score is safe.

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