Emirates NBD Bank Debt Consolidation Loan for Expats

Minimum Salary
10.000,00 د.إ

Flat Rate
AED 2.88%

Reducing Rate
5.24 %

Maximum Term
4 Years

Monthly Payment
AED 1,907

Description

With ENBD debt consolidation loan now make all your loan and credit card payments through one simple, yet effective solution. It’s time to eliminate all your hassles as you cut down on your monthly payments.

Major Advantage: Manageable payment plan for all your existing debts

Points to Consider: There is fee applicable for early settlement

Features

Major Feature:

One manageable payment plan for all your existing debts
1st year FREE Premium Credit Card*
Free Bank account & debit card
Increased loan eligibility with co-applicant program

*Applicable on loan amounts of AED 150,000 and above

Minimum Salary Requirement: AED 10,000

Reducing Rate (as advertised): Starting from 5.24% pa

Flat Rate: 2.88% pa

Processing Fees: 1% of the finance amount (Min AED 500; Max AED 2,500)

Maximum Finance Amount: AED 1,000,000

Islamic Finance: No

Maximum Term: 48 Months

Salary Transfer: Not Compulsory

Early Settlement Fees: 1% of the outstanding amount

Insurance: 1.24% (It comes with double credit life coverage)

Holiday Period: Yes, Deferment option to skip two non-consecutive installments per year

Salaried/Self Employed: Salaried only

Documents Required

Valid Passport Copy with valid Resident Visa page
Original Emirates ID and Emirates ID copy
Proof of Residency or Utility Bill
Undated Security Cheque
Credit Card Statements (Where applicable)
Latest 3 Months Bank statement
Latest Salary Certificate / Salary Transfer Letter

Additional Info

All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
Terms and conditions apply.