Emirates NBD Salary Transfer Loans for UAE Nationals

Minimum Salary
5.000,00 د.إ

Flat Rate
AED 2.63%

Reducing Rate
4.99 %

Maximum Term
4 Years

Monthly Payment
AED 1,886

Description

ENBD Salary Transfer Loans for UAE Nationals endeavour to empower the entrepreneurial spirit of UAE Nationals by offering loan packages that provide financial support for a new start up or additional funds to pursue other dreams

Major Advantage: Free Bank Account with no minimum balance requirement, 7- day Loan Return option

Points to Consider: There is an early settlement and arrangement fee, Only UAE nationals can apply for this loan

Features

Major Feature:

7-day Loan return option available
No collateral or guarantor required
Easy process and simple documentation
Double Insurance Coverage

Minimum Salary Requirement: AED 5,000

Reducing Rate (as advertised): Starting from 4.99%

Flat Rate (as advertised): 2.63% p.a.

Processing Fees:1% of the finance amount

Maximum Finance Amount: AED 3,000,000

Islamic Finance: No

Maximum Term: 48 Months

Salary Transfer: Compulsory

Early Settlement Fees: 1% of outstanding amount

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

Holiday Period: Yes, deferment options available

Salaried/Self Employed: Only Salaried can apply

Documents Required

Valid Passport Copy with valid Resident Visa page.
UAE Nationals: Idbara page of UAE Nationals.
Original Emirates ID and Emirates ID copy.
Proof of Residency or Utility Bill.
Undated Security Cheque.
Credit Card Statements (Where applicable).

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.
Reducing rate is converted into Flat rate as per 4 years calculation.
Terms and conditions apply.