More Details on Personal Loan

Emirates NBD knows that you never stop dreaming. Whether your goals are for something as simple as renovating your home or as big as sending your children to school, Emirates NBD has the right loan package to help turn your dreams to reality.
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 The loan proceeds credited in the customer's account will be available and not withdrawn from the account from disbursal date until loan return date.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 interest rates starting from 5.24% reducing or 2.77% flat P.A.
2. Maximum term is 36 months
3. Maximum loan amount of up to AED 2,000,000 for expatriates
4. Emirates NBD has over 98 branches and over 560 ATMs across the UAE
5. Increased loan eligibility with co-applicant program
6. Loans for expatriates who are new in employment or new to UAE
7. Free bank account and free Visa credit card for the first year
8. Enhanced credit life coverage
9. Exclusive loan return option
10. Processing fee is 1%
11. Unique double insurance is 1.24%
12. Loan deferment option: You can skip up to two non-consecutive installments per year

Documents Required

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. Salary should be transferred to Emirates NBD
2. Minimum salary requirement of AED 5,000
3. Customer's employer must be on the Emirates NBD's Approved List
4. Minimum 6 months length of service