Emirates NBD Personal Loan without Salary Transfer

emirates-nbd Bank

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Personal Loan without Salary Transfer

Minimum Salary

AED 10K

Flat Rate

7.9%

Reducing Rate

14.99%

Loan Amount

AED 200K

Early Settlement Fee

1%

Arrangement Fee

1%

Advantages

  • No salary transfer
  • High Finance
  • Double Insurance coverage

AED 10K

Minimum Salary

7.9%

Flat Rate

14.99%

Reducing Rate

AED 200K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

Advantages

  • No salary transfer
  • High Finance
  • Double Insurance coverage

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 200,000
  • 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 200,000 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

Frequently Asked Questions

Q. What are the charges on late installment payments?

A. On late installments, you need to pay AED 50 as late payment fees.

Q. What are the charges for the insurance cover?

A. The rates on the insurance cover vary from 1.24% to 1.99%.

Q. What are the charges for rescheduling the loan?

A. On rescheduling the loan you need to pay a fee of AED 250.

Q. Do I get any clearance letter?

A. Yes, once you clear the loan, you get a clearance letter.

Q. What are the charges to get a clearance letter?

A. The loan clearance letter is provided for free for once, if you want an extra clearance letter then AED 100 is charged.

Emirates NBD Bank

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