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Personal Loans by Emirates NBD Bank

Oct 26, 2015 by Sylva Simpson

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

Filed Under: Guides Tagged With: Banks, Banks in Dubai, Emirates NBD, personal loans, personal loans in Dubai

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