• NBQ Personal Loan

    NBQ Personal Loan

    Personal Loan for UAE Nationals

    Looking for a personal loan in the UAE? Apply for one from the NBQ. The NBQ personal loan is an easy and quick way to obtain money for a variety of your personal needs.

    The bank basically aims at providing financial aid and services to help citizens leverage growth opportunities. NBQ strives towards providing innovative and value-added services to its customers and has been recognized with several awards for its exemplary role in creating new jobs for the people of UAE.


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

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    NBQ Personal Loan Minimum Age

    At least 21 years old

    NBQ Personal Loan Maximum Age

    Less than 65 Years old

    NBQ Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    NBQ Personal Loan Minimum Income

    Earn more than the minimum income required


    Your NBQ Personal Loan amount eligibility is based on these factors

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    NBQ Personal Loan Minimum Salary

    Minimum income required
    AED 5,000 per month

    NBQ Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is AED 250,000

    NBQ Personal Loan EMI

    EMIs of other loans lower your eligibility


    Increase your eligible NBQ Personal Loan amount by these steps

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    NBQ Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    NBQ Personal Loan Tenure

    Choose longer tenure loan up to 4 Years


    Documentation needed to apply for NBQ Personal Loan

    • 1. Original Passport
    • 2. Salary Certificate
    • 3. Bank Statements for last 3 months (less than 30 days old)
    • 4. Post-dated cheques for payment of installments.

    NBQ Personal Loan Interest RatesUpdated on 08 Dec 2016

    NBQ Personal Loan Details
    Interest Rate (Monthly reducing balance) No info
    Processing Fees No info
    Loan Tenure 4 Years

    Types of personal loans offered by National Bank of Umm Al-Qaiwain (NBQ)

    Personal loans offered by National Bank of Umm Al-Qaiwain are aimed at providing cash for financial requirements of both UAE nationals as well as expats. Two types of personal loan schemes are thus offered by the bank. Both these loans are loaded with features and benefits that appeal to customers and hence these loans are quite popular.

    • NBQ Personal loan for UAE Nationals
    • Personal loan for UAE nationals provide financial assistance to customers who are natives of the UAE and who need funds for any of their personal needs

    • NBQ Personal loan for Expats
    • Personal loan for expats is meant to provide financial aid to people who are expats in the United Arab Emirates. This loan can be availed for a variety of personal reasons.

    Why avail personal loan from National Bank of Umm Al-Qaiwain?

    National Bank of Umm Al-Qaiwain is one of the most prominent banks of the UAE. The most significant feature of the bank is that it is a government backed bank and as such it is extremely safe to transact through this bank.

    About National Bank of Umm Al-Qaiwain (NBQ)

    Established in the year 1982 by the ruler of Umm Al Qaiwain, the bank got a new identity in the year 2005 when it was renamed and revamped as NBQ. The largest shareholder in the bank is the government of Umm Al Qaiwain. NBQ has a vast network of branches in all the 7 emirates and a strong online banking platform. The personal banking wing of the bank is also quite strong and the personal finance schemes from NBQ are quite competitive and flexible.

    NBQ bank has been a leader in the development of banking related products and services in the UAE. The functions of the bank range from asset management to retail banking to corporate finance and so on.

    National Bank of Umm Al-Qaiwain Personal Loan for UAE Nationals

    This personal loan from NBQ is a personal finance scheme is for UAE nationals and is designed to meet all urgent personal expenses be it a family vacation, house renovation, education or wedding. Meet all your short-term as well as long term capital needs by availing this loan from NBQ.

    The borrower gets a loan amount of up to 20 times the salary with this personal loan. With attractive rates of interest and comfortable repayment periods, this loan from National Bank of Umm Al-Qaiwain is a popular product in the loan category.

    Significant features and benefits NBQ Personal Loan for UAE Nationals

    Personal loan for UAE nationals from Umm Al-Qaiwain Bank is a great financial product which has a simplified application process and easy documentation.

    Features of NBQ Personal Loan for UAE Nationals

    • This loan can be taken for a variety of personal reasons
    • Processing fee charged is 1% of the total loan amount or a minimum of AED 500 and a maximum of AED 2,500
    • Delayed installment payments are charged at 2% of the delayed amount or a minimum of AED 50 and a maximum of AED 200
    • Loan top up can be availed at a rate of 1% of the top-up amount. A minimum amount of AED 500 and a maximum of AED 2,500 can be charged as top-up fee
    • Deferment is loan instalment is allowed by the bank and is charged at AED 100 per deferment request
    • This personal loan can be pre-closed by paying a prepayment penalty of 1% of the outstanding loan balance
    • Partial payment is allowed at 1% of the partially paid amount
    • Loan rescheduling fee is AED 250
    • Attractive rates of interest
    • Quick and easy loan application process

    Benefits of NBQ Personal Loan for UAE Nationals

    • High loan amounts of up to 20 times your monthly salary
    • Repayment period of up to 48 months

    Eligibility Criteria

    • Only UAE nationals can apply for the personal loan for UAE Nationals
    • Valid visa and passport is required for loan approval

    National Bank of Umm Al-Qaiwain Personal Loan for Expats

    As the name itself suggests, the personal loan for expats is for people who are residing in UAE but are not natives of the country. Be it furnishing a new house, renovating an existing one, paying off education fees or taking a long awaited vacation, this personal finance scheme from NBQ is an amazing loan in times of financial need.

    Significant features and benefits of National Bank of Umm Al-Qaiwain Personal Loan for Expats

    Ease of application and documentation is the best part about availing personal loans from Umm Al-Qaiwain Bank. The bank is a trusted name in the financial world and has various loan offering for customers with varied financial needs.

    Features of National Bank of Umm Al-Qaiwain Personal Loan for Expats

    Following are some of the key features and benefits of availing the personal loan for expats from National Bank of Umm Al-Qaiwain –Attractive Interest Rates are offered on this personal loan for expats from National Bank of Umm Al-Qaiwain

    • Quick and easy approval of loan applications
    • An arrangement fee is charged by the bank which is 1% of the total loan amount sanctioned
    • A pre-closure fee is charged in case a customer wishes to pay off the entire loan before the agreed initial loan tenure
    • Pre-payment charges are levied as per bank policy and are equal to 1% of the outstanding loan amount 
    • There are no collaterals to be submitted as security against this personal loan
    • Once the loan is sanctioned the loan amount is directly transferred to your account 
    • Delayed installment payments are charged at 2% of the delayed amount or a minimum of AED 50 and a maximum of AED 200 
    • Loan top up can be availed at a rate of 1% of the top-up amount. A minimum amount of AED 500 and a maximum of AED 2,500 can be charged as top-up fee 
    • Deferment is loan instalment is allowed by the bank and is charged at AED 100 per deferment request 
    • Partial payment is allowed at 1% of the partially paid amount 
    • Loan rescheduling fee is AED 250

    Benefits of National Bank of Umm Al-Qaiwain Personal Loan for Expats

    • The maximum loan repayment period is 48 months 
    • Free ATM card comes with this personal loan
    • Competitive rates of interest
    • Loan amounts of up to 10 times your salary, a maximum of AED 250,000

    Eligibility Criteria

    • Only UAE Expats can apply 
    • Valid visa and passport is required

    Other products from NBQ

    NBQ Personal Loan FAQs

    1. What are the types of personal loans offered by NBQ?
    2. NBQ offers personal loan to UAE Nationals and for Expats.

    3. What is the eligibility criteria to take NBQ personal loan?
    4. To avail NBQ Personal loan you must be at least 21 years old and not more than 65 years old. You must be salaried or self-employed.

    5. What is the minimum monthly income requirement?
    6. The applicant must have a minimum monthly income if AED5,000.

    7. What is the maximum loan amount offered?
    8. The maximum loan offered is AED250,000.

    9. What is the loan tenure offered?
    10. NBQ offers personal loan for a tenure of 4 years.

    11. What is the processing fee charged?
    12. The processing fee charged is 1% of the loan amount but not exceeding AED2,500.

    13. What is the delayed instalment fee charged?
    14. The delayed instalment fee is charged at 2% of the delayed amount but not exceeding AED200.

    15. What is the partial payment fee charged?
    16. Partial payment fee charged is 1% of the partial loan amount.

    17. What is the deferment fee charged?
    18. The deferment fee is AED100.

    19. What is the repayment tenure offered?
    20. The loan can be repaid within 48 months.

    21. What is the prepayment fee charged?
    22. Prepayment fee is 1% of the outstanding loan amount.

    23. What are the documents required for applying for NBQ Personal loan?
    24. The applicant must submit the application form along with original passport and its copy, last 3 months bank statement, salary certificate and post-dated cheques for paying the instalment.

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