Emirates NBD Loans for Expatriates

Great For

• High loan amounts.
• Free bank account and a debit card.
• Low salary requirement.

   

   

  

   

  The Basics

  AED 10,000 Min Salary

  Reducing Reducing/Flat

  2.63%

  Flat Rate
  (est. equivalent) ?

  4.99%

  Reducing Rate
  (As Advertised) ?

  1% Arrangement Fee

  AED 1,000,000 Max Finance Amount

  1%

  Early Settlement Fee

  Yes Salary Transfer

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  Main Benefits

  Maximum loan amount of up to AED 1,000,000 for Expatriates
  Emirates NBD has over 132 branches and over 705 ATMs across the UAE
  Increased loan eligibility with co-applicant program
  Loans for Expats who are new in employment or new to UAE
  Free bank account and debit card
  Enhanced credit life coverage
  Exclusive loan return option.

  Overview of features

  • You require a minimum salary of AED 10,000 per month to be eligible
  • The reducing rate of this finance is 4.99% and the equivalent flat rate is 2.63%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
  • The interest rate starts at 4.99% per annum based on a reducing balance. It will vary depending on customer profile.
  • The processing fee is 1% of the loan amount [Min AED 500; Max AED 2,500].
  • Maximum loan amount of up to AED 1,000,000 for Expatriates. Loan repayment period is up to 48 months.
  • The early settlement fee is 1% of outstanding principal.
  • It is a requirement to transfer your salary to apply.