NBAD Secured Loan

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nbad Bank

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Secured Loan

Minimum Salary

AED 10K

Flat Rate

1.62%

Reducing Rate

2.94%

Loan Amount

AED 5000K

Early Settlement Fee

1%

Arrangement Fee

1%

AED 10K

Minimum Salary

1.62%

Flat Rate

2.94%

Reducing Rate

AED 5000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Features

  • Provides loan against fixed deposits
  • Long tenure is provided
  • Both UAE Nationals and Expats can avail this loan
  • Interest rates charged is 2.94% onwards
  • Maximum finance provided is AED 5 Million

Benefits

  • Can pledge fixed deposit and get a loan on it
  • About 95% of the deposit amount is provided as maximum finance
  • Low interest rates are charged
  • Low charges on insurance

Frequently Asked Questions

Q. Are self employed individuals eligible?

A. Yes, both salaried and self employed individuals are eligible.

Q. What are the charges on insurance?

A. 1% of the loan amount is charged as insurance fees.

Q. Are there any late payment fees levied?

A. Yes, 2% of the installment amount is charged as late payment fees.

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