More Details on Personal Loan

Tailor-made loan for Self Employed Professionals such as doctors, accountants, engineers and architects.
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 The loan proceeds credited in the customer's account will be available and not withdrawn from the account from disbursal date until loan return date.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. Competitive interest rates starting from 18.99% reducing or 10.01% flat
2. Maximum loan amount up to AED 300,000
3. EmiratesNBD has over 220 branches and over 927 ATMs across the UAE
4. Processing fee is 1%
5. Unique double insurance is 1.50%

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. Updated Security Cheque
7. Credit Card Statements (Where applicable) Salaried Individual
8. Latest 3 Months Bank statement
9. Latest Salary Certificate / Salary Transfer Letter Self Employed
10. Latest 6 Months Bank statement
11. Trade License
12. MOA (Memorandum of Association)
13. POA (Power of Attorney) Loan to Minor
14. Attested copies of guarantor/co borrowers Passport and Visa, Emirates ID, Trade License & Income Details

Eligibility

1. Self Employed Professionals like Doctors, Architects, Chartered Accountants, and Engineers:
2. Minimum 6 months average balance: AED 20,000
3. Minimum Length of Business: 1 year
4. Maximum Tenor: 4 years