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Emirates NBD Loan for NRIs – Loan against/for NRE Fixed Deposits
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.
Loan for NRIs – Loan against/for NRE Fixed Deposits
- 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
- Applicant must fund 20% of the fixed deposit amount
- Interest rate starts from 4.75% as reducing rate. Flat rate is calculated by dividing 1.814 from the reducing mentioned.
- Can avail loan against deposits
- Provides high finance
Frequently Asked Questions
⭐ Do I get a clearance letter after the loan is cleared?
A. Yes. You can get a clearance letter for free.
⭐ Can I clear my loan partially?
A. Yes. A partial settlement fee of 1% of the amount settled is charged.
⭐ Can I cancel my approved loan?
A. Yes. On canceling the approved loan, AED 50 is charged as cancellation fee.
⭐ Can I get my loan EMI date changed?
A. Yes. You can get your loan EMI date changed.
⭐ Is there any insurance provided on the loan?
A. Yes. 1.24%-1.99% of the loan amount is charged on the credit life insurance provided.
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
- Passion For Performance
Get in touch with Emirates NBD Customer Care