More Details on Personal Loan

1. Competitive interest rates
2. Low salary requirement
3. There is an early settlement and arrangement fee.

Main Benefits

1. Enhanced credit life coverage
2. Exclusive loan return option
3. Emirates NBD has over 98 branches and over 560 ATMs across the UAE

Overview of features

1. Maximum loan amount of up to AED 500,000 for UAE Nationals and Expatriates. Loan repayment period is up to 48 months.
2. You require a minimum salary of AED 10,000 per month to be eligible
3. It is a requirement to transfer your salary to apply.
4. The processing fee is 1% of the loan amount [Min AED 500; Max AED 2,500].
5. The early settlement fee is 1% of the outstanding principal.
6. The insurance fee is 1.24% of the loan amount. It comes with a double credit life coverage.
7. Loan repayment period is up to 48 months; This rate is calculated on a reducing balance and the interest rate varies depending on salary.
8. The reducing rate of this finance is 14.99% and the equivalent flat rate is 8.39%. The calculation used is a division of the reducing rate by 1.786 and this is indicative only

* This product is subject to eligibility conditions and may not be available for all applicants. Eligibility conditions are set by the service provider and may be subject to change.