• NBAD Personal Loan

    NBAD Personal Loan

    Personal Loan for UAE nationals

    Considering to get a personal loan in the UAE? Go for one of the most trusted names in the UAE banking world – National Bank of Abu Dhabi. With a reputation of being in the list of top 50 safest banks of the world, NBAD is a name to vouch for!


    You’re probably eligible for NBAD Personal Loan if you are

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    NBAD Personal Loan Minimum Age

    No Info

    NBAD Personal Loan Maximum Age

    No Info

    NBAD Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    NBAD Personal Loan Minimum Income

    Earn more than the minimum income required


    Your NBAD Personal Loan amount eligibility is based on these factors

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    NBAD Personal Loan Minimum Salary

    No Info

    NBAD Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is AED 5 million

    NBAD Personal Loan EMI

    EMIs of other loans lower your eligibility


    Increase your eligible NBAD Personal Loan amount by these steps

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    NBAD Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    NBAD Personal Loan Tenure

    Choose longer tenure loan up to 4 Years


    Documentation needed to apply for NBAD Personal Loan

    • 1. Loan Application Form
    • 2. Identity documents (Passport Copy, Emirates ID)
    • 3. Salary Transfer Letter

    NBAD Personal Loan Interest RatesUpdated on 04 Dec 2016

    NBAD Personal Loan Details
    Interest Rate (Monthly reducing balance) 4.74%
    Processing Fees 1.00% of the loan amount
    Loan Tenure 4 Years

    Types of personal loans offered by National Bank of Abu Dhabi

    NBAD offers personal finance schemes for UAE nationals as well as expats. Let us look at some of the most prominent personal loan schemes offered by NBAD.

    • NBAD Personal loan for UAE Nationals
    • This personal loan scheme from National Bank of Abu Dhabi is aimed at financially empowering UAE Nationals. No matter what the reason is, NBAD offers personal loan for numerous reasons which are not even required to be disclosed to the bank.

    • NBAD Personal Loan for Expats
    • Personal loan for expats are offered to expatriates who live in the United Arab Emirates. This loan can be used to fulfill any of your personal needs like house renovation, vacation, car repair etc.

    • NBAD Start-up loans
    • These are personal finance solutions offered to customers who are new to UAE or new to their job. Start-up loans basically aim at helping people stand on their feet while they are settling down in a new environment.

    • NBAD Secured Loans
    • These personal loans are secured unlike all other personal loans that do not require any collateral. Secured loans are offered against your fixed deposits with National Bank of Abu Dhabi.

    • NBAD Debt consolidation loans
    • In case you have an existing loan or a credit card bill or any other form of debt that is taking up more than 50% of your monthly salary, then you can avail the Debt Consolidation loan from NBAD and pay off your debt. This scheme is available only to UAE nationals.

    • NBAD Loans for UAE National Landlords
    • In contrast with loans against monthly salary, personal loan for UAE national landlords is provided against rental income that landlords earn by leasing out their buildings.

    Why avail personal loan from National Bank of Abu Dhabi?

    National Bank of Abu Dhabi is one of the most trusted banks in the UAE. The bank offers several personal loan schemes that are tailored to suit a variety of customer requirements. You can choose the loan scheme that suits your income and lifestyle the best.

    Main Features and benefits of NBAD Personal loan for UAE National

    The borrower gets access to a free current account with this personal loan; also this current account does not require a minimum balance. Monthly installments can be deferred for up to two times in a year.

    Some of the main features of personal loan for UAE nationals from National Bank of Abu Dhabi are listed below.

    Features of NBAD Personal Loan for UAE nationals

    • NBAD offers attractive interest rates on its personal loan schemes
    • Quick and hassle free approval of loan application
    • You can apply for NBAD personal loan for UAE nationals either online or through phone banking or by visiting any of the bank branches
    • 1% of the total loan amount is charged as the loan processing fee
    • Processing fee for loan top-ups is 1% of the top-up amount
    • No minimum account balance is required for maintaining this account
    • Life insurance availed with this personal loan scheme is charged at 0.05% per month on the outstanding balance
    • Installment deferral fee is AED 100 per deferment
    • Late payment fee is 2% of the overdue amount
    • Early settlement of personal loan is allowed and is charged at 1% of the outstanding amount

    Benefits of NBAD Personal Loan for UAE nationals

    • Loan amounts of up to AED 5 million can be availed
    • 25% discount on arrangement fee for customers who belong to Elite Gold
    • Pre-approved credit card that is free for life comes with this personal loan
    • Competitive rates of interest starting from 4.74% per annum
    • Flexible repayments terms of up to 48 months

    Eligibility Criteria

    • Only UAE nationals can apply for this loan
    • Salary transfer to bank is required to avail this personal loan
    • Company which employs the applicant should be listed in NBAD employers list

    Expats can avail this loan from National Bank of Abu Dhabi and fulfil their financial needs. You can avail this loan to pay for your child’s education or house renovation or even an exotic vacation. This loan from NBAD has a fast processing period and low processing charges. Personal loan for expats from NBAD offers some great features and benefits to customers who avail this loan.

    Let’s look into some of the highlights of this personal finance scheme from NBAD.

    • Quick and hassle free loan approval
    • Free Life Insurance is offered with this personal loan scheme from NBAD
    • You can apply for NBAD personal loan for UAE nationals either online or through phone banking or by visiting any of the bank branches
    • 1% of the total loan amount is charged as the loan processing fee
    • Processing fee for loan top-ups is 1% of the top-up amount
    • No minimum account balance is required for maintaining this account
    • Life insurance availed with this personal loan scheme is charged at 0.05% per month on the outstanding balance
    • NBAD offers attractive interest rates on its personal loan schemes
    • No minimum account balance is required for this account
    • Maximum Loan amount is AED 2 million
    • Attractive Interest Rates starting from 4.74%
    • 25% discount on arrangement fee for customers who belong to Elite Gold
    • Pre-approved credit card that is free for life comes with this personal loan
    • Only Expats can apply to this loan
    • Salary Transfer to bank is required
    • Company which employs the applicant should be listed with NBAD

    National Bank of Abu Dhabi or the NBAD is the most premiere bank of the United Arab Emirates. The bank has a widespread network in the country as well as in 18 other countries of the world. NBAD offers a range of banking products and services to its customers. These include personal banking, corporate banking, retail banking, investment banking, SME solutions and so on.

    The bank is a leading financial entity in the Middle East region and is fast spreading its reach to the western corridors. National Bank of Abu Dhabi has expertise in various fields to support its clients from different industries like Aviation and Transport, Energy and Resources, Financial Institutions etc.

    1. What are the different types of personal loans offered by NBAD?
    2. The following are the different types of personal loans offered by NBAD:

      • Personal loans for UAE Nationals
      • Personal loans for expats
      • UAE Start-up loans
      • Buy-out loans
      • Debt consolidation loans
      • Secured loans
      • UAE Nationals landlord loans
      • Overdrafts
    3. Who is eligible to take personal loan from NBAD?
    4. Salaried and self-employed individuals can take personal loan from NBAD. Salary transfer to the bank is required.

    5. What is the maximum loan amount offered?
    6. The maximum loan amount offered is AED5 million.

    7. What is the interest rate offered?
    8. The interest rate offered is 4.74% which is calculate on a monthly reducing balance method.

    9. What is the tenure offered by NBAD?
    10. NBAD offers personal loan for 4 years.

    11. What is the processing fee charged?
    12. Processing fee charged is 1% of the loan amount.

    13. What are the documents required to apply for personal loan offered by NBAD?
    14. The applicant has to submit the application form, Emirates ID, passport copy and salary transfer letter.

    15. How can you apply for NBAD Personal loan?
    16. You can visit the nearest NBAD Branch to apply for the personal loan or you can also email the requirement and the executive will get in touch with you. You can also call the bank on the UAE helpline number 800 22 11 or on international helpline number +971 2 635 8001.

    17. Is there any loan cancellation fee charged?
    18. Yes, if you cancel the loan, you will be charged AED100.

    19. What is the instalment deferral fee charged?
    20. AED100 is charged per deferral.

    21. What is the late payment fee charged?
    22. 2% of the overdue amount is charged not exceeding AED200.

    23. What is the early settlement fee levied?
    24. 1% of the amount is the early settlement fee that NBAD levies on the borrower.


     

    News About NBAD Personal Loans

    • National Bank of Abu Dhabi (NBAD) starts operations in India

      NBAD or the National Bank of Abu Dhabi has started its much talk of expansion by starting its first branch in the city of Mumbai in India. The opening of the new branch has added India to the list of the 18 countries that the bank is currently operating in. The bank is planning on targeting wholesale banking services like debt origination and distribution along with project, trade and asset finance. Alex Thursby, the Group CEO for NBAD has said that opening a branch with their second largest trade partner was an essential step in their plan for expanding along the west-east corridor. He also said that with the estimation of a requirement of over USD 1 trillion as investment in infrastructure growth in India over the next few years, the bank will be in a good position to provide support through its own network too.

      05th November 2015

    • A Peek into National Bank of Abu Dhabi’s 2Q15 Investment Update

      National Bank of Abu Dhabi (NBAD), one of the leading banks in UAE, has announced its investment updates for the 2Q15. Being a popular bank among investors, the bank offers numerous asset classes such as fixed income, money markets, and equities.

      In comparison to other banks in UAE, NBAD has the lowest investment risk that ranges between 30-40 bps for 2015-16. This has become the bank’s greatest strength since its higher rate of change, as compared to its peers. Another reason is due to the bank’s smaller retail presence in the market that led to the expansion of its net interest margin (NIM).

      With the bank maintaining its marginal 1.3% YoY growth, it aims to increase Current Account Savings Account (CASA) deposits. All this opens up a good buying opportunity of stocks with NBAD.

      12th October 2015

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