Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

0 People rated this page

Emirates NBD Home Loan for Self employed Expatriates

Emirates NBD Bank

Home Loan for Self employed Expatriates

Minimum Salary

AED 20K

Flat Rate

2.2%

Reducing Rate

3.99%

Loan Amount

AED 15000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

25%

Repayments Up To

25 Years

minimum salary

AED 20K

Minimum Salary

flat rate

2.2%

Flat Rate

reducing rate

3.99%

Reducing Rate

max finance

AED 15000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

25%

Down Payment

repayment

25 Years

Repayments Up To

 

Features

  • Approval In principle is provided
  • Minimum salary of AED 20000 is required
  • Home Finance is provided at a fixed interest rate of 2.2%
  • Home Finance is provided on a reducing interest rate of 3.99%
  • Salary transfer to Emirates NBD account is not required
  • The loan is provided for a maximum tenure of 25 years
  • Both life insurance and property insurance is mandatory
  • 1% of the total loan amount is charged as processing fees
  • Maximum loan amount provided is AED 15000000
  • 25% of the property value should be paid as the down payment
  • 1% of outstanding loan amount is charged on early settlement

Benefits

  • High finance is provided
  • Low insurance rates
  • Co-applicants need not be salaried individuals
  • Quick and hassle free documentation
  • Low-profit rates
  • Less down payment requirement
  • Low additional charges

Frequently Asked Questions

⭐ Are self-employed expats eligible for Emirates NBD home loan?

A. Yes, self-employed expats are eligible for Emirates NBD home loan.

⭐ What is the down payment to be paid?

A. Down payment of 25% of property value is required.

⭐ What are the documents required to prove identity?

A. To prove identity you need to provide Emirates ID, valid Passport and Visa for validation.

⭐ What are the documents required to prove business?

A. Trade license is the mandatory document to prove the business.

⭐ What is the minimum length of business required?

A. Loan applicant’s length of business should be of minimum 2 years.

⭐ Is partial settlement permitted?

A. Yes, the partial settlement is allowed.

⭐ What are the charges for partial settlement of loan?

A. There are charges added on partial settlement of loan up to 20%(per annum) of the outstanding balance.

⭐ Is processing fees refundable if I cancel my loan?

A. No, if you cancel the loan, processing fees are not refundable.

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

   Get in touch with Emirates NBD Customer Care