Emirates NBD Personal Loans

Minimum Salary
5.000,00 د.إ

Flat Rate
4.99%

Reducing Rate
13%

Maximum Term
48 Months

Monthly Payment
AED 4,700

Description

Emirates NBD offers a variety of personal loan products—including Fixed Interest Rate Loans, Variable Interest Rate Loans, and Salary Transfer Loans—catering to both UAE nationals and expatriates. Loan amounts range up to AED 4 million for nationals and AED 2 million for expats, with tenors from 12 to 48 months.

Features

Fixed Interest Rate Personal Loan

Loan Amount: Up to AED 4 000 000 (nationals) / AED 2 000 000 (expats)
Tenor: 12–48 months
Interest Rate: 99%–19.99% p.a. reducing balance (fixed for loan period)
APR: 48%–20.99%

Variable Interest Rate Personal Loan

Loan Amount: Up to AED 4 000 000 (nationals) / AED 2 000 000 (expats)
Tenor: 12–48 months
Introductory Rate: 50% p.a. fixed for 1 or 6 months
Subsequent Rate: EIBOR + 5.00% margin (e.g., 6-month EIBOR of 0.75% → 5.75% p.a.)
APR: 69%–20.99%

Salary Transfer Loans

Tentative Rate: 99% p.a. reducing (may vary by segment, eligibility, and borrowing capacity)
Loan Amount: Up to AED 4 million (nationals) / AED 3 million (expats)
Tenor: 6–48 months

Fees & Charges

Processing Fee: 1.05% of loan amount (min AED 525; max AED 2 625) inclusive of VAT
Early Settlement/Foreclosure Fee: 1.05% of outstanding principal or AED 10 500, whichever is lower
Partial Settlement Fee: 1.05% of amount paid or AED 10 500, whichever is lower
Late Payment Fee: AED 52.50 (inclusive of VAT)
Instalment Deferment Fee: AED 105
Rescheduling Fee: AED 262.50
Liability/No Liability Letter Fee: AED 52.50
Loan Cancellation Fee: AED 52.50
Change in Due Date: Free
Advance EMI (up to 3 EMIs): Free
Direct Debit Return Charge: Free

Eligibility Criteria

Age: 21–65 years
Minimum Salary: AED 5 000 per month for both nationals and expats (salary transfer mandatory)
Employment Tenure: Minimum 6 months with current employer
Account Relationship: Salary must be transferred to Emirates NBD; minimum monthly average balance AED 3 000 for savings variant

Documents Required

Valid Emirates ID and passport copy, salary certificate, last 6 months’ bank statements, undated security cheques

Additional Info

Processing: Preliminary approval typically within 1–2 days.
Disbursement: Funds credited to Emirates NBD account (or manager’s cheque to another bank) within 10 days after full documentation.
First Payment Deferment: Up to 120 days for nationals; 90 days for expats.

This comprehensive guide outlines Emirates NBD’s personal loan offerings, detailing applicable interest rates, fees, and eligibility requirements to help borrowers make informed financing decisions.