• Emirates NBD Personal Loan Interest Rates

    Emirates NBD Personal Loan

    Emirates NBD offers both flat rate of interest and reducing rate of interest on its personal loan. Emirates NBD offers the best competitive rates on its personal loans in the market.

    Type of Loan Interest rate Maximum Loan Amount Minimum Salary Required
    Salary Transfer Loans for UAE Nationals 5.99% p.a. on a reducing basis and 2.63% p.a. on a flat rate basis AED 3,000,000 AED 5,000.
    Salary Transfer Loans 5.99% p.a. on a reducing basis AED 1,000,000 AED 5,000.
    UAE National Personal Loan with Additional Income 5.99% p.a. on a reducing basis and 2.63% p.a. on a flat rate basis if tenure chosen is 3 years AED 3,000,000 AED 10,000
    Automatic Top-Up Programme 5.99% p.a. on a reducing basis for three year tenure 120% of the original loan amount  
    New to Country / New to Employment Loan 5.99% p.a. on a reducing basis and 2.63% p.a. on a flat rate basis if tenure chosen is 3 years AED 400,000 AED 10,000
    Loan for NRIs – Loan against/for NRE Fixed Deposits 2.99% p.a. on a flat rate basis 90% of fixed deposit amount when availed in AED  
    Loan for Bankers 14.99% p.a. on a reducing rate basis AED 200,000 AED 15,000
    Loan without Salary Transfer 14.99% p.a. on a reducing rate basis AED 200,000  
    Personal Loans for Self-Employed Professionals 18.99% p.a. on a reducing rate basis AED 300,000 AED 20,000
    Personal Loans for Self-Employed Individuals   AED 300,000 AED 25,000
    Overdraft Facility Reducing interest rates of 1.5% per month Maximum loan amount is twice that of net monthly Salary AED 10,000 or AED 3,000 to avail a maximum of 90% of the monthly net salary
    Without End-of-Service Benefit Assignment   Maximum Loan Amount is 15 Times salary or AED 500,000 AED 10,000
    End - of - Service Benefit Backed Personal Loans   90% of End of Service Benefit AED 3,000

    Overview of Emirates NBD personal loan

    Emirates NBD offers personal loan provides immediate finance for personal needs. The personal loan comes at competitive rates of interest and a wide range of benefits. The loan advances high loan amounts for both UAE nationals and expats. The loan also offers a free credit card for the first year. The loan can be availed online in an easy process and requires minimal documentation.

    How to calculate EMI on your Emirates NBD Personal Loan

    Calculating the payable EMI (Equated Monthly Installment) can seem like a difficult task but the truth is very far from that. An online personal loan EMI calculator will make calculating EMI very easy and hassle free. The tool is not only easy to use but it also saves the customer a lot of time. The tool can be found on the bank’s website or on third party financial websites.

    The customer has to provide a few details such as the loan amount, tenure period, rate of interest and processing fee(if any) to calculate the payable EMI through the EMI calculator. Once the details are entered, the personal loan calculator outputs the results. The result not only gives the payable EMI but it provides other results such as the total breakup of the complete amount payable, interest payable and the principal amount.

    Factors affecting Emirates NBD personal loan interest rates

    Listed below are the factors that affect Emirates NBD personal loan interest rates.

    • Income- The income of the applicant plays a very important role in the rate of interest granted on the personal loan. The higher the income, lower the rate of interest offered on the loan.
    • Credit Score- The bank considers the applicant’s credit score before granting the loan. The applicant has the chance of availing a lower rate of interest if they have a good credit history and score. A bad credit history might even result in rejection of the loan. Every bank has a minimum credit score that an individual should possess in order to be eligible for the personal loan.
    • Employment history- The chances of getting a lower rate of interest on your personal loan is higher if you have worked in your current place of employment for more than a year or two.
    • Loan tenure-A longer loan tenure will result in a lower rate of interest.

    Key things to know about Emirates NBD personal loan interest rates

    Listed below are some of the important things one needs to know about the Emirates NBD personal loan.

    • The bank offers both flat and reducing rate of interest on its personal loans.
    • The rate of interest depends on a lot of factors including income, loan amount and tenure period.

    Other Products from Emirates NBD Bank

    Emirates NBD Credit Cards

    Emirates NBD Car Loan

    Emirates NBD Home Loan

    Emirates NBD Fixed Deposit

    Personal Loans Interest Rates from Top Banks
    Personal Loans from Top Banks
    Personal Loans Interest Rates from Banks
    Personal Loans in UAE
    Personal Loan Tools
    Personal Loan Eligiblity of Top Banks
  • Contact Us on Mail
    Facebook
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.