Emirates NBD is one of the leading national banks in UAE that offers innovative financial products and services for the residents of UAE. Emirates NBD UAE National Loan is a loan package designed to empower UAE nationals. The loan provides financials to start a new business or to pursue other dreams. The loan option provides high loan amounts at a competitive rate of interest with no hidden costs or charges.
Features and benefits of Emirates NBD UAE National
Listed below are the features and benefits of Emirates NBD UAE national loan.
- High loan amounts
- Interest rate based on reducing principal basis
- Fast processing and approval
- Hassle free application process
- Enhanced credit life
- Can be availed online
- 100% cash without end use declaration
- No need of collateral or guarantor
- Easy repayment tenors
- Offers a period of 7 days for returning the loan if the customer is not happy with it
- Dedicated team of customer service
Eligibility criteria for Emirates NBD UAE National
Listed below is the eligibility criteria for Emirates NBD UAE National Loan
- Minimum age- 21 years
- The applicant should be a literate
- Salary should be transferred to Emirates NBD
- The applicant’s company must be on of the approved companies by Emirates NBD
Fees and charges for Emirates NBD UAE National
Listed below are the fees and charges applicable on Emirates NBD UAE National Loan
- Processing fee- 1% of the loan amount
- Early repayment fee- 1% of the outstanding loan amount
- Credit life insurance- One time charge of 1.24% to 1.5% of the loan amount
How to avail Emirates NBD UAE National?
There are two ways in which one can avail the Emirates NBD UAE national loan.
- Online- The loan can be applied for online at the bank’s official website or through a third party financial website.
- Offline- The loan can also be availed at one of the bank’s many branches located in different parts of UAE.