Personal Loans by Emirates NBD Bank

Emirates NBD is a leading bank in UAE which offers some great personal loan packages to its customers.With a network of over 100 branches and 450 ATMs, Emirates NBD has a customer base of over 100,000 personal loan customers.

 Personal Loans offered by Emirates NBD

Loan Types	Features	Requirements
Salary Transfer Loans	Attractive reducing interest rates starting from 4.99% reducing or 2.63% flat p.a. Loan amounts up to AED 1,000,000 Free Bank Account with no minimum balance required	Salary should be transferred to Emirates NBD Customer’s employer must be on the Emirates NBD’s Approved List of Employers Borrower to be literate & numerate with UAE Residency Status Minimum age of the applicant must be 21 Minimum monthly salary required is AED 5,000. Maximum Tenor is 48 months Minimum 6 months length of service
Loan Without Salary Transfer	Loan amounts up to AED 200,000 for both UAE Nationals and Expatriates Competitive interest rates starting 14.99% reducing Repayment period of up to 48 months Mode of repayment is through Direct Debit System (DDS)	Customer’s employer must be on Emirates NBD’s Approved List of Employers Minimum length of service at current employer should be 6 months Minimum monthly salary required is AED 30,000.
Loan for New to Country/New to Employment	Rates starting 4.99% or 2.63%* flat No minimum length of service required High loan amounts up to AED 400,000 Option of Current or Savings Account with no minimum balance requirement Free International ATM/Debit Card Please mention new to country	Minimum monthly salary required is AED 10,000 1st salary should be credited to the account with Emirates NBD
Personal Loan for Self Employed Professionals	Competitive interest rates starting from 18.99% reducing Repayment period of up to 48 months Minimum 1 year length of business Loan amount up to AED 300,000	For Self Employed Professionals like Doctors, Architects, Chartered Accountants, and Engineers Minimum 6 months average balance: AED 20,000 Documents Required ID (Passport copy and Emirates ID copy) 6 months bank statement Trade License (also MOA in case of partnership or LLC) Security cheque Address proof of office and residence.
Personal Loans for Self Employed Individuals	High loan amount up to AED 300,000 Easy repayment options No collateral or guarantor required 100% cash without end use declaration	Minimum 6 months average balance: AED 25,000 Applicable to both UAE Nationals and Expatriates Minimum Length of Business: 2 years Maximum Tenor: 4 years Documents ID (Passport copy and Emirates ID copy) 6 months bank statement Trade License (also MOA in case of partnership or LLC) Security cheque Address proof of office and residence.
End ?? of ?? Service Benefit Backed Personal Loans	Loan amounts up to 90% of End-of-Service Benefit amount Attractive reducing interest rates Fast processing of loan application	Gratuity/End-of-Service Benefit amount must be specified in the Salary Transfer Letter Salary should be transferred to Emirates NBD Employer must agree to assign the end of service benefit to Emirates NBD Minimum monthly salary of the applicant should be AED 3,000 Minimum loan amount that can be taken is AED 10,000 Customers must be employed with Emirate lNBD’s Approved List of Employers

Also they offers several other personal loan options:-

• UAE National Personal Loan with Additional Income
• Automatic Top-Up Programme
• Co-Applicant Programme
• Without End-of-Service Benefit Assignment
• Loan for NRIs ?? Loan against / for NRE Fixed Deposits
• Loan for Bankers
• Overdraft Facility
• Salary Transfer Loans for UAE National
• Personal Cash Loans
• Home Improvement Personal Loans

Check the Emirates NBD Bank website for more details