More Details on Personal Loan

7-day Loan Return Option
Customers who are not satisfied after the personal loan is disbursed have the option to return the loan for free with a waiver of all the fees and charges accrued.

Following are the conditions:

1. Customer must notify the sales agent/bank within 7 calendar days.
2. The loan proceeds credited in the customer's account will be available and not withdrawn from the account from disbursal date until loan return date.
3. The loan amount credited in the customer's accounts will be available and offer will be valid only for fresh cases, without liability settlements (Not applicable on Top Up and take Over loans).

Features

1. Attractive reducing interest rates starting from 5.49% reducing or 2.9%
2. Loan amounts up to AED 4,000,000
3. No collateral or guarantor required
4. Free Bank Account with no minimum balance requirement
5. Easy process and simple documentation.

Required Documents

1. Identification
2. Valid Passport Copy with valid Resident Visa page
3. UAE Nationals: Ibara page of UAE Nationals
4. Original Emirates ID and Emirates ID copy
5. Proof of Residency or Utility Bill
6. Undated Security Cheque
7. Credit Card Statements (Where applicable)

Eligibility

1. Salary should be transferred to Emirates NBD
2. Minimum salary requirement of AED 5,000
3. Customer's employer must be on Emirates NBD's Approved List Salaried Individual
4. Latest 3 Months Bank statement
5. Latest Salary Certificate / Salary Transfer Letter Self-Employed
6. Latest 6 Months Bank statement
7. Trade License
8. MOA (Memorandum of Association)
9. POA (Power of Attorney) Loan to minor
10. Attested copies of guarantor/co borrowers Passport and Visa, Emirates ID, Trade License & Income Details