Emirates NBD Personal Cash Loan

Great For

• High loan amounts.
• Free bank account and a debit card.
• Low salary requirement to apply for this loan.

   

   

  

  The Basics

  AED 10,000 Min Salary

  Reducing Reducing/Flat

  4.73%

  Flat Rate
  (est. equivalent) ?

  8.99%

  Reducing Rate
  (As Advertised) ?

  1% Arrangement Fee

  AED 350,000 Max Finance Amount

  1%

  Early Settlement Fee

  Yes Salary Transfer

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  Main Benefits

  Easy processing and simple documentation
  Maximum loan amount of up to AED 350,000 for both Expatriates and UAE Nationals
  Emirates NBD has over 132 branches and over 705 ATMs across the 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 for this loan. Salary must be transferred to Emirates NBD for at least six months prior to the application of the loan.
  • The reducing rate of this finance is 8.99% and the equivalent flat rate is 4.73%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only
  • The interest rate starts from 8.99% The rate applied depends on the customers profile.This rate is calculated on a reducing balance and the interest rate varies depending on salary.
  • The processing fee is 1% of loan amount [Min AED 500; Max AED 2,500]
  • Loan repayment period is up to 48 months.
  • The early settlement fee is 1% of outstanding principal.
  • Salary must be transferred to Emirates NBD for at least six months prior to the application of the loan.