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Emirates NBD UAE Nationals Home Improvement Cash Loan
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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 information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website 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. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.
Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.
This product is discontinued by the Bank
UAE Nationals Home Improvement Cash Loan
- Repayment period is up to 4 years
- Only UAE Nationals can apply for this loan
- The loan is provided for a interest rate of 7.99%
- Minimum salary of AED 15,000 is required
- The reduction rate and the flat rate is 7.99% and 4.29%. This denotes that the computation done was a division of the reduction rate by 1.86
- It is mandatory to transfer your salary
- Finance up to AED 3,000,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
- Applicants can get up to AED 3,000,000 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
Frequently Asked Questions
⭐ What are the different ways in which I can repay my loan?
A. You can repay loan in following ways:
1. Electronic Clearing System
2. Post-dated cheques
⭐ Do I have to pay stamp duty on my personal loan?
A. No, in Emirates NBD you need not pay any stamp duty on personal loan.
⭐ When can I receive No Objection certificate from Emirates NBD?
A. You need to send a request for NOC to bank, it will be issued to you 15 working days post termination of loan.
⭐ Why do I need to provide my income information?
A. Income information has to be provided because in UAE it is used to check the eligibility of applicant for the applied loan.
⭐ Why does the bank asks us to keep all the documents in order?
A. All the documents need to be in order, even if one document is missing your application can be put on hold.
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