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Emirates NBD Self Employed Personal Loan for Individuals or Entities
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.
Self Employed Personal Loan for Individuals or Entities
- 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 11.51%. 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
- 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
Frequently Asked Questions
⭐ Can I cancel my personal loan after the approval of the loan?
A. Yes, you can call the bank and request for the cancellation of the loan.
⭐ Do I need to provide any proofs regarding my usage of the loan?
A. No, Emirates NBD is not concerned about the end use of the loan.
⭐ Do I need to get any insurance to apply for personal loan in Emirates NBD?
A. Getting the credit life insurance is mandatory in Emirates NBD.
⭐ Do I need to have any guarantor to apply for personal loan in Emirates NBD?
A. No, you need not have any guarantor to apply for personal loan in Emirates NBD.
⭐ The charges on personal loan are inclusive of VAT in Emirates NBD?
A. Yes, all the fees and charges on the loan are inclusive of VAT.
⭐ Are NRIs eligible for personal loan in Emirates NBD?
A. No, only self-employed UAE Residents are eligible for personal loan in 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
- Passion For Performance
Get in touch with Emirates NBD Customer Care