Personal Loan Provided By Emirates NBD
Last Updated on 11-10-2019
| Emirates NBD Personal Loan Details | |
|---|---|
| Minimum Salary | AED 5000 - AED 25000 per month (depends on the nationality and type of loan) |
| Maximum Loan Amount | AED 200K - AED 4000K(depends on the nationality and type of loan) |
| Early Settlement Fees | 1% of the outstanding amount |
| Arrangement Fees | 1% of the approved loan amount |
| Tenure | 48 months |
| Age | 21 - 60 years(Expats) & 65 years(UAE Nationals) |
| Interest Rates | Flat rate: 2.61% - 11.51% | Reducing rate: 5.99% - 19.99% |
Features of Emirates NBD Personal Loan
- Home Improvement Personal loan up to AED 3 million
- Personal Loans for UAE Nations with additional income (rent / sponsorship fee) up to AED 3 million
- Automatic Top-up programme up to 125% times your original loan amount
- Personal loans for New to country / New to employment up to AED 400,000
- End - of - Service Benefit Backed Personal Loans up to 90% of End-of-Service Benefit amount
- Without End-of-Service Benefit Assignment Personal loans up to 15 times your salary or up to AED 500,000
- Loan for NRIs – Loan against / for NRE Fixed Deposits up to 90% of Fixed Deposit amount in AED and up to 80% for INR Fixed Deposit
- Personal loans for Bankers up to AED 200,000 for both UAE Nationals and expatriates
- Personal loans without salary transfer up to AED 200,000 for both UAE Nationals and expatriates
- Personal loans for self-employed professionals like doctors, accountants, engineers, architects, etc. of up to AED 300,000
- Personal loans for self-employed individuals in business for at least 2 years of up to AED 300,000
- Overdraft facility of up to 90% of the net monthly salary or 90% of the Fixed Deposits under lien with Emirates NBD
Emirates NBD offers a wide range of personal finance to match the needs of different customers. The loans offered are :
Salary transfer loans for UAE Nationals :
This is a personal finance provided to UAE Nationals who are willing to transfer their salary to their account with the bank.
- Minimum salary requirement of AED 5,000
- Maximum loan amount of up to AED 3,000,000
- Maximum tenure of loan up to 48 months
- Attractive interest interest rates starting from 5.99% reducing or 2.63% flat per annum
- Free bank account with no minimum balance requirement
- Free 7 day loan return option for customers who are not satisfied after the loan is disbursed
- Double Insurance coverage
Salary transfer loans for Expatriates :
Expatriates willing to transfer their salary with the bank can avail personal loans too. The features and benefits being similar to the personal loans for UAE Nationals, the maximum amount of loan provided to expatriates can go up to AED 1,000,000.
Personal Cash Loan :
These loans are available even for customers whose employer is not on Emirates NBD's Approved List of companies.
- Minimum salary requirement is AED 10,000 if you have an existing credit card or Auto loan with the bank, if not, then minimum salary requirement is AED 12,000
- Maximum loan amount up to AED 500,000
- Minimum 6 salary credits with 6 months length of service with current company
- For existing customers of credit cards / Auto loans – minimum banking relationship of 12 months
Eligibility Criteria of Emirates NBD Personal Loan
- Minimum salary AED 5000 is required
- UAE Residents of 21-65 yrs are eligible
- Both self-employed and salaried individuals are eligible
Check here for the Eligibility Criteria of Emirates NBD personal loan
Use Emirates NBD Loan Calculator to calculate your EMI of ENBD Personal loans in UAE.
Documents Required of Emirates NBD Personal Loan
Emirates NBD Personal Loan Interest rates
8 Emirates NBD Bank Personal Loans
Loan for NRIs – Loan against/for NRE Fixed Deposits
Features
- 80%-90% of the fixed deposit amount can be obtained as a maximum loan
- A maximum tenure of 48 months is provided
- Both salaried and self-employed individuals are eligible
- Only NRIs with a valid UAE residence visa are eligible
- Interest rate starts from 4.75% as reducing rate. Flat rate is calculated by dividing 1.814 from the reducing mentioned.
Benefits
- Can avail loan against deposits
- Provides high finance
UAE National Loan
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 5.49%
- Minimum salary of AED 5,000 is required
- The reduction rate and the flat rate is 5.49% and 2.90%.
- It is mandatory to transfer your salary
- Finance up to AED 4,000,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Applicants can get up to AED 4,000,000 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
Loans for Expatriates
Features
- Repayment period is up to 4 years
- The loan is provided for an interest rate of 5.24%
- Minimum salary of AED 10000 is required
- The reduction rate and the flat rate is 5.24% and 2.77%.
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 1,000,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Expats can get up to AED 1,000,000 loan amount
- Around 560 ATMs of the Emirates NBD are there around the UAE
- New Employees can also apply for this scheme
- 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
Personal loan for New to Country or New to Employment
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 5.24%
- Minimum salary of AED 10,000 is required
- The reduction rate and the flat rate is 5.24% and 2.77%
- Salary transfer is mandatory
- Finance up to AED 600,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Applicants can get up to AED 600,000 loan amount
- Around 560 ATMs of the Emirates NBD are there around the UAE
- New Employees can also apply for this scheme
- 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
- Both Expats and UAE Nationals can apply for this scheme
- Documentation is simple and easy
Personal Cash Loan
Features
- Repayment period is up to 4 years
- Should have at least 6 months work service at the current company
- The loan is provided for a interest rate of 8.99%
- Minimum salary of AED 6000 is required for applicants with existing credit card, account or auto loan in Emirates NBD
Minimum salary of AED 12000 is required for applicants without existing credit card, account or auto loan in Emirates NBD - The reduction rate and the flat rate is 8.99% and 4.86%. This denotes that the computation done was a division of the reduction rate by 1.849
- Finance up to AED 800,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Applicants can get up to AED 800,000 loan amount
- Around 560 ATMs of the Emirates NBD are there around the UAE
- Repayment period is long
- Both Expats and UAE Nationals can apply for this scheme
- Documentation is simple and easy
Personal Loan without Salary Transfer
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 14.99%
- Minimum salary of AED 10,000 is required
- The reduction rate and the flat rate is 14.99% and 7.9%. This denotes that the computation done was a division of the reduction rate by 1.87
- It is not mandatory to transfer your salary to apply for this scheme
- Finance up to AED 500,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Both Expats and UAE Nationals can get up to AED 500,000 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
Self Employed Personal Loan for Professionals
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 18.99%
- Minimum salary of AED 20,000 is required
- The reduction rate and the flat rate is 18.99% and 10.46%. This denotes that the computation done was a division of the reduction rate by 1.814
- It is not mandatory to transfer your salary
- Finance up to AED 300,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Applicants can get up to AED 300,000 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
- Self employed professionals such as doctors, accountants, engineers and architect can apply for this loan
- Documentation is simple and easy
Self Employed Personal Loan for Individuals or Entities
Features
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 19.99%
- Minimum salary of AED 25,000 is required
- The reduction rate and the flat rate is 19.99% and 11.01%. This denotes that the computation done was a division of the reduction rate by 1.814
- Salary transfer is not mandatory to apply for this scheme
- Finance up to AED 300,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
Benefits
- Applicants can get up to AED 300,000 loan amount
- Around 560 ATMs of the Emirates NBD are there around the UAE
- Repayment period is long
- Both Expats and UAE Nationals can apply for this scheme
- Documentation is simple and easy
Benefits
Frequently Asked Questions
Q. Is salary transfer mandatory?
A. Yes, your salary must be transferred to your Emirates NBD bank account.
Q. Is it mandate to maintain any minimum balance in the account?
A. No, there is no requirement of maintaining a minimum balance in the account.
Q. Do I need to provide salary certificate to top-up my loan?
A. No, to top-up your loan salary certificate is not required.
Q. Any collateral/guarantor is required for a personal loan?
A. Collateral/Guarantor is not required.
Q. I’m new to the UAE can I get a personal loan?
A. Yes, If you are working, you are eligible to apply for a personal loan and in addition, you can get a current account or savings account without the requirement of maintaining a minimum balance.
Q. What is the maximum tenure provided for a personal loan?
A. Emirates NBD provides the maximum tenure of 4 years.
Q. What is the minimum length of service required for a personal cash loan?
A. Minimum 6 months work service in the current company is required.
Q. What are the other personal loans options available?
A. You can check otherpersonal loan in UAEhere.
Q. What is the minimum salary required to avail Emirates NBD Personal Loan?
A. For Emirates NBD personal loan, the applicant needs a minimum salary of AED 5000.
Q. What are the documents required for a personal loan in Emirates NBD?
A. The documents required for a personal loan in Emirates NBD are: Salary Certificate, 3-6 months bank statements, Emirates ID, Passport, Address proofs, Trade licence, etc.
Q. What is the maximum repayment period provided on a personal loan in Emirates NBD?
A. The maximum repayment period provided on a personal loan in Emirates NBD is 48 months.
About 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
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