Emirates NBD Self Employed Personal Loan for Professional

Minimum Salary
20.000,00 د.إ

Flat Rate
AED 10.87%

Reducing Rate
18.99 %

Maximum Term
4 Years

Monthly Payment
AED 2,573

Description

Loan amount up to AED 300,000 for professionals such as doctors, accountants, engineers and architects

Major Advantage: Finance for self-employed professional

Points to Consider: Minimum 1-year length of business required

Features

Major Feature: Tailor made for loan for Self Employed Professionals such as doctors, accountants, engineers and architects, loan amount of up to AED 300,000

Minimum Requirement:

Minimum 6 months average balance of AED 20,000 to be eligible for this finance
Minimum 1-year length of business required

Reducing Rate (as advertised): 18.99% p.a. (Rate can vary as per customer profile)

Flat Rate: 10.87% p.a.

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

Maximum Finance Amount: AED 300,000

Islamic Finance: No

Maximum Term: 48 Months

Salary Transfer: Not Required

Early Settlement Fees: 1% of outstanding amount

Insurance: 1.50% (It comes with double credit life coverage)

Holiday Period: Yes, deferment options available

Salaried/Self Employed: Only self-employed professionals like doctors, architects, chartered accountants, and engineers 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)
Latest 6 Months Bank statement
Trade License
MOA (Memorandum of Association)
POA (Power of Attorney)

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.