1. Interest Rates and Loan Amounts

Emirates NBD provides both fixed and variable rate personal loans:

Fixed Rate Loans:

• Interest rates from 99% to 19.99% p.a. (reducing balance)
• Promotional rates as low as 81% p.a. flat (equivalent to 5.29% reducing) for loan transfers

Loan Amounts:

• UAE Nationals: Up to AED 4 million
• Expatriates: Up to AED 2 million
• Non-Salary Transfer Loans: Up to AED 500,000
• Personal Cash Loans: Up to AED 800,000

Tenure: 12 to 48 months (up to 60 months for Ministry of Defense employees)

2. Eligibility Criteria

Salary Transfer Loans:

• Age: 21-60 years
• Minimum Salary: AED 5,000 per month
• Employment: Confirmed service with ENBD-approved employer
• Salary Transfer: Mandatory to Emirates NBD account

Non-Salary Transfer Loans:

• Minimum Salary: AED 10,000 per month
• Banking Relationship: Minimum 12 months with Emirates NBD
• No Salary Transfer Required

Self-Employed:

• Minimum Income: AED 20,000-25,000 per month
• Business Operation: Minimum 2 years with AED 50,000 average balance

Schedule of Fees and Charges

Fee Type	Charge
Processing Fee (New Loans)	1.05% of loan amount (Min AED 525, Max AED 2,625) inclusive of VAT
Processing Fee (Top-up)	1.05% of incremental amount (Min AED 525, Max AED 2,625)
Early Settlement Fee	1.05% of outstanding principal (Max AED 10,500)
Partial Payment Fee	1.05% of payment amount (Max AED 10,500)
Late Payment Fee	AED 52.50 per missed instalment
Instalment Deferment Fee	AED 105 per deferment
Rescheduling Fee	AED 262.50
Overdraft Setup Fee	AED 210 (Salary/FD backed)
Loan Cancellation Fee	AED 52.50
Liability/No Liability Letter	AED 52.50

 

(All fees inclusive of VAT)