• Emirates NBD Personal Loan

    Emirates NBD Personal Loan

    Emirates NBD offers a range of personal finance products to suit your requirement. Personal finance scheme from Emirates NBD is one such product that is easy to procure and convenient to pay off. Be it house renovation, a family wedding or child’s education, avail personal loans from Emirates NBD to ensure that your personal financial needs are met on time and with ease.


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    Emirates NBD Personal Loan Minimum Age

    At least 21 years old

    Emirates NBD Personal Loan Maximum Age

    No Info

    Emirates NBD Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Emirates NBD Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Emirates NBD Personal Loan amount eligibility is based on these factors

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    Emirates NBD Personal Loan Minimum Salary

    Minimum income required
    AED 10,000 per month

    Emirates NBD Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is AED 3,000,000

    Emirates NBD Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Emirates NBD Personal Loan amount by these steps

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    Emirates NBD Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Emirates NBD Personal Loan Tenure

    Choose longer tenure loan up to 4 Years


    Documentation needed to apply for Emirates NBD Personal Loan

    • 1. ID (Passport copy and Emirates ID copy)
    • 2. 6 months bank statement
    • 3. Trade License (also MOA in case of partnership or LLC)
    • 4. Security cheque
    • 5. Address proof of office and residence.

    Emirates NBD Personal Loan Interest RatesUpdated on 04 Dec 2016

    Emirates NBD Personal Loan Details
    Interest Rate (Monthly reducing balance) No Info
    Processing Fees 1.00% of the loan amount
    Loan Tenure 4 Years

    Types of Emirates NBD Personal Loans

    Emirates NBD offers various personal finance schemes aimed at different customers with different financial needs. Here is a list of personal loans offered by the bank.

    • Salary Transfer Loans for UAE Nationals
    • This personal loan scheme is aimed at providing loans to UAE nationals but only on the condition that they transfer their monthly salaries to the bank

    • Personal Loans for Self Employed Individuals
    • Personal loans for self-employed individuals is for customers who are self-employed and wish to avail credit for any of their personal use

    • Personal Loans for Self Employed Professionals
    • This personal loan offering is for professionals like engineers, doctors etc. but those who are self-employed.

    • Co-Applicant Programme
    • The co-applicant programme of personal loan allows co-applicants to avail personal finance together. This means that the income of a co-applicant is considered for calculating loan eligibility

    • Personal Cash Loan
    • The personal loan cash makes it easy for each and every individual to obtain a personal loan if needed. Through this scheme, even customers whose employers are not listed in the Emirates NBD’s approval list can obtain personal finance.

    • Automatic Top-Up Program
    • This personal finance scheme is aimed at customers who already have a personal loan account with Emirates NBD Bank but are still in need of additional finance.

    Why avail personal finance from Emirates NBD?

    Emirates NBD is one of the most trusted names in UAE banking entities. The bank has solid reach and base in terms of corporate banking as well as personal banking. Apart from these services the bank offers a wide variety of other financial services also to its customers. These include wealth management, personal banking, corporate banking and wholesale banking. The bank has received various awards and accolades for being the top bank in the United Arab Emirates.

    Fees and Charges involved with Personal Loans from Emirates NBD         

    The below table shows the schedule of fees and charges involved with Emirates NBD personal loans

    Type of Charge Amount
    Processing fees for Certificates Murabaha The fee is 1% of the finance amount (0.5% of finance amount if certificates trading is not done) with a minimum processing fee of AED 500 and a cap on the maximum processing fee at AED 2500
    Processing fees for Shares Murabaha, Goods Murabaha or Services Ijarah The fee is 1% of the finance amount with a minimum processing fee of AED 500 and a cap on the maximum processing fee at AED 2500
    Broker Trading commission for Certificates Murabaha The commission is 0.5% of the finance amount and is 1% of finance amount if certificates trading is not done
    Broker Trading commission for Shares Murabaha The commission is 0.5% of the finance amount
    Fees for Deal cancellation The fee is AED 100
    Balance liability certificate The fee is AED 100
    Takaful fees The fee is 0.75% of the finance amount
    Additional fee for credit life takaful The additional fee is 2.75% of the finance amount for Special Buyout
    Fee for acquiring No Liability Certificate or clearance letter The fee is AED 100
    Fee for returned cheques The fee is AED 100
    Fees for late payment of instalment The penalty is AED 200 per instance of late payment

    Features of Emirates NBD Salary Transfer Loans for UAE Nationals

    • No guarantor required is required for processing the Emirates NBD Salary Transfer loan
    • No collaterals and documents required
    • Easy and simple loan processing
    • Attractive interest rates
    • Free account with the bank with no minimum balance required
    • Maximum 2 installment deferments per financial year are allowed
    • Installment deferment is charged at AED 100 per request
    • Pre-closure of loan is allowed and is charged at 1% of the loan balance
    • Partial payments are allowed for amounts more than 3 EMIs
    • Liability letter can be requested online or any of the bank branches and is charged at AED 100 per request
    • Change in mode of payment can be made for repaying your personal loan
    • Clearance letter can be requested online or through phone banking or from any bank branch. The charges for this are nil.

    Benefits of Emirates NBD Salary Transfer Loans for UAE Nationals-

    • Reducing interest rates start as low as 5.99% reducing and 2.63% flat
    • Loan amounts of up to AED 3,000,000
    • Installments can be deferred by filling out the deferment form and submitting it either online or through bank branch

    Eligibility Criteria

    • Salary should be transferred to Emirates NBD account
    • Minimum salary should be AED 5,000 per month
    • Customer’s employer should be on the approved employer list of Emirates NBD
    • Attractive interest rates
    • Free account with the bank with no minimum balance required
    • Maximum 2 installment deferments per financial year are allowed
    • Installment deferment is charged at AED 100 per request
    • Pre-closure of loan is allowed and is charged at 1% of the loan balance
    • Partial payments are allowed for amounts more than 3 EMIs
    • Liability letter can be requested online or any of the bank branches and is charged at AED 100 per request
    • Change in mode of payment can be made for repaying your personal loan
    • Clearance letter can be requested online or through phone banking or from any bank branch. The charges for this are nil.
    • No guarantor required
    • No collaterals required
    • Easy repayment scheme
    • Great loan amounts of up to AED 3,000,000
    • Maximum loan tenure for repayment is 4 years
    • 100% cash disbursal without end use declaration
    • Both UAE Nationals and Expatriates can avail Emirates NBD personal loan for self-employed individuals
    • Average balance of AED 25,000 is to be maintained per month
    • Attractive interest rates
    • Free account with the bank with no minimum balance required
    • Maximum 2 installment deferments per financial year are allowed
    • Installment deferment is charged at AED 100 per request
    • Pre-closure of loan is allowed and is charged at 1% of the loan balance
    • Partial payments are allowed for amounts more than 3 EMIs
    • Liability letter can be requested online or any of the bank branches and is charged at AED 100 per request
    • Change in mode of payment can be made for repaying your personal loan
    • Clearance letter can be requested online or through phone banking or from any bank branch. The charges for this are nil.
    • No guarantor required
    • No collaterals required
    • Easy repayment scheme
    • Loan amounts up to AED 3,000,000
    • Minimum one year of business for self-employed professionals
    • Repayment tenure of up to 48 months
    • For self-employed professionals like engineers, doctors, architects etc.
    • Average balance of AED 20,000 is to be maintained per month
    • Minimum length of business should be 1 year
    • Maximum of one co-applicant is allowed
    • Co-applicant can be spouse or kids
    • Competitive interest rates
    • No minimum balance required it is a free personal loan account with Emirates NBD
    • Maximum 2 installment deferments per financial year are allowed
    • Installment deferment is charged at AED 100 per request
    • Pre-closure of loan is permissible and is charged at 1% of the loan balance
    • Partial payments can be made for amounts more than 3 EMIs
    • Liability letter can be requested online or at any of the bank branches and is charged a fee of AED 100 per request
    • Change in mode of payment can be made for repaying your personal loan
    • Clearance letter can be requested online or through phone banking or from any bank branch. The charges for this are nil.
    • No guarantor is required to sign the loan application
    • No collaterals need to be submitted
    • Easy repayment scheme for loan instalments
    • Loan amount depends upon the collective salary of co-applicants
    • Repayment tenure of up to 48 months
    • No company listing or transfer of salary is required for co-applicant

    In order to avail the Emirates NBD Co-Applicant Programme personal finance, certain eligibility norms need to be fulfilled. These are enlisted below.

    • Primary applicant should be employed with an Emirates NBD listed company
    • Co-applicant can be spouse or kin only
    • Maximum of one co-applicant is allowed
    • Minimum monthly salary of primary applicant needs to be AED 5,000
    • Attractive interest rates
    • Free account with the bank with no minimum balance required
    • Installment deferments of maximum 2 per financial year are allowed
    • AED 100 is charged as installment deferment fee for each deferment request made
    • Pre-closure of loan is allowed and is charged at 1% of the loan balance
    • Partial payments are allowed for amounts more than 3 EMIs
    • Liability letter can be requested online or any of the bank branches and is charged at AED 100 per request
    • Change in mode of payment can be made for repaying your personal loan
    • Clearance letter can be requested online or through phone banking or from any bank branch. The charges for this are nil.
    • No guarantor is required for signing your personal loan application
    • No collaterals required are required to be submitted
    • Easy repayment scheme for paying off your personal loan
    • Loan amounts up to AED 3,50,000
    • Available even to customers whose employers are not listed with Emirates NBD Bank
    • Repayment tenure of up to 48 months
    • Minimum banking relationship of 12 months is required
    • Average balance of AED 20,000 is to be maintained per month
    • Minimum salary credits of 6 for at least 6 months of service are required
    • Minimum monthly salary of AED 10,000 is required when you have an existing auto loan or credit card with Emirates NBD
    • In case of new customers, the minimum salary requirement is AED 12,000 per month.
    1. What is the minimum income requirement to avail of the Emirates NBD Personal Loan?
    2. The minimum income requirement to avail of personal loans offered by Emirates NBD is AED 10,000 per month.

    3. What is the maximum loan amount offered to customers by the Emirates NBD?
    4. The maximum loan amount offered by Emirates NBD is AED 3,000,000.

    5. What are the documents required to avail of personal loan offered by Emirates NBD?
    6. The documents required to avail of personal loans offered by Emirates NBD are listed below:

      • Trade License
      • Address proof
      • Bank statements (6 months)
      • Security cheque
      • Identity proof
    7. What is the maximum loan tenure offered by Emirates NBD on its personal loans?
    8. Emirates NBD offers personal loans to customers for a maximum tenure of 4 years.

    9. What are the different types of personal loans offered by Emirates NBD?
    10. Emirates NBD offers the various personal loans as listed below:

      • Personal Loans for Self-Employed Individuals
      • Personal Loans for Self-Employed Professionals
      • Salary Transfer Loans for UAE Nationals
      • Automatic Top-Up Program
      • Personal Cash Loan
      • Co-Applicant Programme
    11. What are the main benefits of Personal Loans for Self-Employed Individuals offered by Emirates NBD?
    12. Emirates NBD for self-employed individuals offers various benefits such as zero collateral, loan amount up to AED 300,000, seven-day loan return option, 100% cash and dual benefit insurance coverage among others.

    13. What are the interest rates offered by Emirates NBD on its salary transfer loans?
    14. Emirates NBD offers a reducing interest rate of 5.99% or flat 2.63% p.a on its salary transfer loans.

    15. Is there a minimum salary requirement to avail of salary transfer loans offered by Emirates NBD?
    16. A customer must have a minimum salary of AED 5,000 per month to avail of salary transfer loans offered by Emirates NBD.

    17. What is the average balance required to be maintained to avail of Emirates NBD Personal Loan for Self-employed Individuals?
    18. A customer has to maintain an average balance of AED 25,000 per month in his account to to avail of Emirates NBD Personal Loan for Self-employed Individuals.


     

    News About Emirates NBD Personal Loan

    • Emirates NBD to sign upsized $1.7 billion loan

      Emirates NBD has taken advantage of the support from lender to sign a $1.7 billion 3 year loan. The bank has been keen to raise funds as the liquidity is under pressure from the low oil prices and the borrowing cost may increase if the US Federal Reserve raises its interest rates. CBD is also expected to sign a $500 million 3 year loan to refinance existing debt. Emirates NBD’s loan has been arranged by Bank of America Merrill Lynch and Emirates NBD Capital. CBD’s loan is being provided by Citigroup, Commerzbank and National Bank of Abu Dhabi among others.

      30th june 2016

    • Emirates NBD launches an online hub for financial wellbeing

      Emirates NBD which is one of the largest banks in the Middle East recently launched an online hub ‘worthy.ae’ for financial content. This was launched as part of the bank’s commitment to responsible banking. This new website will educate the visitors on various financial topics including savings, borrowing, making the right investments and financial planning which is divided into 4 categories including starting one’s career, improving financial life, managing wealth and retiring. The content on the website will be written by third party agencies.

      17th March 2016

    • Emirate NBD promotes great rewards for salary transfer

      The latest promotion launched by the Emirates NBD, they are offering rewards to their customer of up to 12 months salary as a bonus pay, if they have their salary transfer to their bank. And even customers who take up the salary based credit card, or an auto loan or personal loan will get the chance to win their outstanding balance or installments as rewards. The promotion period is March 2016 to June 2016, if a customer transfers a salary of Dh 10,000 a month or more gets to enter the contest and draw 2 monthly prizes of half year’s pay or Dh 200,000 for each winner.

      04th March 2016

    • Emirates NBD has a profit of Dh 7.1 billion with a profit of 39%

      The net profit of the Emirates NBD by 39%, this is the first time the bank had a profit of Dh 7.1 billion. The income of the bank increased by 5%, and went to Dh 15.2 billion when compared to the previous year. The assets of the bank increased by 12% at Dh 406.6 billion, the deposits of customer were up by 11%, Dh 287.2 billion. The per capita income has increased in 2015 by 12%, the increase was driven with credit cards, as well as the remittance of foreign exchange.

      18th February 2016

    • Emirates NBD delivers amazing financial results

      The net profit for Emirates NBD was up by 39 per cent and reached AED 7.1 Billion for the last financial year. The huge jump in profits is seen as a result of income growth combined with modest increase in costs and low impairment charges. The total income for last year grew by 5 per cent and closed at AED 15.2 Billion.

      Emirates NBD is one of the most prominent banking entities of the UAE and has shown extreme diligence in terms of innovation in the banking domain as well as customer service. The previous financial year was a challenging one in terms of liquidity but despite this the bank was able to improve its Bank’s Advances to Deposits’ ratio to 94.2 per cent. Emirates NBD was able to achieve growth in net profit as well as revenues amidst challenging financial environment and was thus congratulated by His Highness, Sheikh Ahmed Bin Saeed Al Maktoum who is the chairman of the NBD group.

      25th January 2016

    • Emirates NBD releases Dubai economy tracker for November 2015

      Emirates NBD has released its tracker for the economy of Dubai which shows a slight improvement in the economy that has been suffering from a slowdown. According to the report, the marker for the non-oil sector of Dubai rose to 53.4 from its previous rating of 51.9. This is a rating that indicates that performance of the private sector not related to oil. If a rating of 50 is given to the sector, it indicates that there has been no change in the sector but a rating below 50 means that the sector is not doing well and that is the reason this rating of 53.4 is such a positive rating. It shows that the sector is growing even though it is growing slowly.

      15th December 2015

    • Branching experience with Emirates NBD gets better with ‘Beacon technology’

      Emirates NBD has come up with a new integrated bluetooth enabled feature called ‘Beacon technology’ to enhance the branching experience for its customers. The feature is available on the bank’s mobile application. Customers visiting certain branches of the bank will be notified about the ongoing promotions and campaigns on their mobile. This new feature will help the bank understand the customers’ needs based on their movements on the app. The customer will be notified of any ongoing offer in their location owing to the bank’s partnership with various merchant partners.

      12th November 2015

    • Emirates NBD and State Bank of India Join Forces for Sixty-Second Remittance Program

      State Bank of India has partnered with Emirates NBD for the DirectRemit sixty-second remittance platform in an effort to allow non-resident Indians to gain access to quicker remittance services. State Bank is India’s biggest financial and banking services provider by market capitalisation, assets and revenue, and its partnership with Emirates NBD is expected to make banking much more secure and convenient for Indians who reside in the UAE as it will facilitate the transfer of funds to SBI accounts across India in sixty seconds at free of cost. Customers of Emirates NBD can also transfer funds to other Indian banks and their remittance will be processed in under sixty minutes.

      12th November 2015

    • Private Banker International names NBD as ‘Outstanding Bank’

      Emirates NBD, UAE’s leading bank announced that its private banking sector has been named ‘Outstanding Private Bank’ for the Middle East region. The bank won this recognition at the 2015 Private Banker International Global Wealth Awards. It was also named 'Outstanding NRI/Global Indians Offering'.

      Dr. Brian Shegar, Head of Asia Pacific and General Manager of Emirates NBD Singapore received the prestigious award on behalf of the bank. The awards ceremony, which is among the most prestigious in the global private banking industry, was held at The Fullerton Hotel, Singapore. The 25th Edition of the Wealth Summit, organized by the leading journal for the global wealth management industry, Private Banker International (PBI), was also held at the same venue.

      Emirates NBD Private Banking, a part of Emirates NBD, has offices in Dubai, Abu Dhabi, Riyadh, London and Singapore. A major player in the arena of UAE Wholesale Banking, the bank offers operations such as Asset Management, Brokerage, Global Markets & Treasury, Islamic Banking, and Investment Banking.

      04th November 2015

    • Sunrise Properties gets a loan for $140.22 million

      Dubai’s Sunrise Properties has got a loan of $140.22 million or Dh 515 million Islamic Loan in order to develop a luxury hotel project said the arranger of the loan deal banking group Emirates NBD. Along with the Doha Bank, Emirates NBD will provide the finance for the project Emerald Palace Kempinski Hotel which will be located at Dubai's Palm Jumeirah group of islands. The deal was done on a cost plus profit arrangement which is a popular structure of Islamic loans, deal was processed as Murabaha.

      15th October 2015

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