Emirates NBD Credit Card Loan

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In the case of urgent fund requirements, acquiring a personal loan can be time-consuming because of the detailed documentation and approval process. In such situations, you can apply for a pre-approved and paperless credit card loan. With numerous banking products and services, Emirates NBD offers a range of credit cards that come with quick and easy credit card loans, including a host of other benefits. As a credit cardholder, you can acquire Emirates NBD credit card loans and repay the borrowed amount in convenient monthly installments for an extended tenure.

Along with an easy application process, the bank offers low-interest rates and nominal processing fees, making the credit card loan an affordable option during financial emergencies. Go through the article below to know more about Emirates NBD credit card loans and the various ways to apply for the funds. 

What is Emirates NBD Credit Card Loan?

A credit card loan is typically a pre-approved loan based on your credit card limit and eligibility. 

Emirates NBD comes up with a loan on credit card (LOC) program that allows you to take a portion of your credit limit in the form of cash loans or manager’s cheque. Alternatively, you can get your credit card loans conveniently transferred into your bank account. 

After you receive your loan amount, you can repay the same in convenient monthly installments along with other outstanding balances on your credit card. The bank offers preferential interest rates on Emirates NBD credit card loans for a period of up to 48 months. Depending on the type of credit card loan you are acquiring, the bank offers as low as 0% interest rate. 

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Types of Emirates NBD Credit Card Loans

Emirates NBD offers numerous credit card loans in the UAE. You can opt for the one that suits your financial requirements. Under its loan against credit card program, the bank offers instant cash, 0% installment payment plans, balance transfers and Easy Payment Plans. The interest rates depend on the type of credit card loan you are applying for. Following are the various Emirates NBD credit card loans available in the UAE. 

  • Emirates NBD Instant Cash (Loans on Credit Cards)
  • Emirates NBD Easy Payment Plans
  • Emirates NBD Balance Transfer 
  • Emirates NBD Additional Cash Loans (Beyond Credit Limit)

Emirates NBD Instant Cash (Loans on Credit Cards)

In the case of urgent cash requirements, you can apply for Emirates NBD Instant Cash Loans. You can get the funds transferred into a bank account or withdraw cash from ATMs and CCDMs around the world. For instant cash loans, Emirates NBD levies a low interest rate and offers a repayment period of up to 48 months, depending on the credit limit and the loan amount. Additionally, you can avail yourself of up to 90% of your credit limit in the form of cash loans. The details of Emirates NBD instant cash loans are given below. 

Particulars

Emirates NBD Instant Cash Loans Details

Eligibility

Salaried individual with an Emirates NBD credit card

Documents Required

For Emirates NBD credit cardholders, no documentation is required

Loan Amount

Up to 90% of your credit card limit 

Loan Tenure

Up to 48 months depending on the loan amount and credit limit

Interest Rate

As low as 0.49% per month

Processing Fee

As low as zero processing fee

Disbursal Time

Upon request, the amount can be disbursed instantly

Instant Cash Loan Cancellation Fee

1.05% of the outstanding loan amount

Emirates NBD Easy Payment Plans

Across the UAE, Emirates NBD has tie-ups with various merchants, brands and shopping outlets. When you make purchases at these points of sale, the bank offers 0% interest on your credit card loans. The funds in the easy payment plan are directly transferred to the merchant’s bank account. You need to convert your purchase into easy payment plans by logging into your credit card account.

As mentioned above, you don’t need to pay any interest on easy payment plans. However, repayment of the principal amount is to be done in equal installments every month along with your outstanding balance on the credit card. The bank offers a repayment period of up to 12 months. For purchases at non-participating merchants and outlets, you can enjoy low interest rates on easy payment plans. 

Particulars

Emirates NBD Instant Cash Loans Details

Eligibility

Salaried individual with an Emirates NBD credit card

Documents Required

For Emirates NBD credit cardholders, no documentation is required

Loan Amount

Up to 90% of your credit card limit 

Loan Tenure

Up to 12 months depending on the loan amount

Interest Rate

Preferential Interest Rates

Processing Fee

Provided at the Point of Sales

Disbursal Time

Upon request, the amount can be disbursed instantly

Easy Payment Plan Cancellation Fee

1.05% of the outstanding loan amount

Emirates NBD Balance Transfer 

Sometimes the outstanding amount on your credit card rises to a level that repaying your debt with interest becomes unaffordable. In such cases, you can opt for Emirates NBD credit card loans in the form of a balance transfer. With the balance transfer feature, you can conveniently transfer your outstanding balances from another credit card to an Emirates NBD credit card and enjoy a longer repayment period with low interest rates. The balance transfer feature helps you manage your finances while paying off big credit card debts. 

Emirates NBD balance transfer feature allows you to transfer your outstanding credit card balance at preferential rates and for a tenure of up to 48 months. For Emirates NBD credit cardholders, the bank does not require any documentation to process the balance transfer requests. Following are the details of the Emirates NBD balance transfer feature.

Particulars

Emirates NBD Instant Cash Loans Details

Eligibility

Salaried individual with an Emirates NBD credit card

Documents Required

For Emirates NBD credit cardholders, no documentation is required

Loan Amount

Up to 90% of your credit card limit 

Loan Tenure

Up to 48 months depending on the loan amount and credit limit

Interest Rate

As low as 0.49% per month

Processing Fee

As low as zero processing fee

Disbursal Time

Upon request, the amount can be disbursed instantly

Balance Transfer Cancellation Fee

1.05% of the outstanding loan amount

Emirates NBD Additional Cash Loans (Beyond Credit Limit)

During emergencies, Emirates NBD bank can offer you credit card loans beyond your credit limit to meet the financial hardship. As a credit cardholder, you can conveniently apply for additional cash loans by contacting the bank. You can get the loan amount transferred into your bank account or get it issued as a manager’s cheque. The bank can offer an additional cash loan of up to 100% of your credit limit and you can repay your loan amount in flexible tenures of up to 48 months. The additional cash loans on Emirates NBD credit cards are available to the primary credit cardholders based on their credit score and card usage. Following are the details of Emirates NBD additional cash loans on the credit card. 

Particulars

Emirates NBD Instant Cash Loans Details

Eligibility

Salaried individual with an Emirates NBD credit card

Documents Required

For Emirates NBD credit cardholders, no documentation is required

Loan Amount

Up to 100% of your credit card limit 

Loan Tenure

Up to 48 months depending on the loan amount and credit limit

Interest Rate

As low as 0.49% per month

Disbursal Time

Upon request, the amount can be disbursed instantly

Instant Cash Loan Cancellation Fee

1.05% of the outstanding loan amount

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How to apply for Emirates NBD Credit Card Loans in the UAE?

The bank offers convenient application processes for Emirates NBD credit card loans through various online and offline modes. For online loan applications, you can visit the bank’s official website or use the Emirates NBD mobile application. You can choose to contact the bank via phone call or SMS to process your credit card loan application. Following are the various ways to apply for an Emirates NBD credit card loan in the UAE. 

  • Credit Card Loan Application through Emirates NBD Website - To apply online, you can visit the Emirates NBD official portal and log in to your credit card account. Subsequently, you need to scroll through the credit card services section and select the type of credit card loan you wish to acquire. Enter the details asked and follow a few simple instructions. Once approved, the bank will either transfer the amount into your bank account or provide you with a manager’s cheque, depending on your requirements. 
  • Credit Card Loan Application through Phone Call - As an Emirates NBD credit cardholder, you can call the customer support number with your registered mobile number and request to process your credit card loan application. To apply for an Emirates NBD credit card loan, you need to contact the bank on the below-mentioned phone numbers. 

Within the UAE

600 54 0000

Outside the UAE

+971 600 54 0000 

  • Credit Card Loan Application through Emirates NBD Mobile App - You can also apply for a credit card loan through the Emirates NBD mobile application. The process is similar to that of a loan application through net banking. All you need to do is visit the credit card services section and select the type of loan. After application and approval, the bank will transfer your loan amount into your bank account within 48 hours. 

Modes of Disbursal of Emirates NBD Credit Card Loans

Based on the type of loan you apply for; the bank has a different loan disbursal process. Additionally, you can choose how and where you want the amount to be disbursed. Following are the various modes of Emirates NBD credit card loan disbursal. 

  • Account Transfer -As an Emirates NBD credit cardholder, you can opt to transfer your borrowed funds into your bank account. The bank will need the details of your registered bank account and credit card details. After approval, the amount will be transferred into your account within 48 hours. You can also request for quick transfer to avail of your loans instantly. 
  • Manager’s Cheque - Another means to acquire the Emirates NBD credit card loan is through a manager’s cheque. You need to provide the details of your credit card during your application and select the loan disbursal mode as manager cheque.
  • Cash Withdrawal - You can also withdraw your cash loans through ATMs and CCMDs across the globe. However, cash withdrawals made with credit cards can incur a hefty charge. 

How to Repay Emirates NBD Credit Card Loans in the UAE?

Once your loans are approved, you need to repay the installments along with the outstanding credit card bill by the due date. Emirates NBD bank provides numerous channels to repay your credit card loans. You can choose the online or offline loan repayment mode at your convenience. Following are the ways of making Emirates NBD credit card loan repayments in the UAE.

  • Online Credit Card Loan Repayment - Using your net banking account, you can pay your Emirates NBD credit card loans online. For online repayments, you need to log in to your credit card account and choose the amount to be paid, including the outstanding bill amount. Subsequently, enter your banking credentials and pay your installments. 
  • Credit Card Loan Repayment through Exchange Houses - You can also pay through any of the Emirates NBD-affiliated exchange houses in the UAE. You can conveniently locate a nearby exchange house and pay your credit card bills by cash or cheque. Payments made through an exchange house may incur a nominal charge, which is included in the final bill. Additionally, it may take up to 2 working days for the payment to reflect in your account. So, it is advisable to pay your installments well within the due date. 
  • Credit Card Loan Repayment through Emirates NBD Bank Branch - You can pay your credit card bills and loan installments at the nearest bank branch. All you need to do is simply provide your credit card details and pay cash or cheque to the bank representative. 

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FAQ's On Enmirates NBD Credit Card  Loan

How can I avail myself of an Emirates NBD credit card loan?

To acquire a loan against your Emirates NBD credit card, you need to call the bank or apply online using your credit card account or mobile application.

What is the interest rate I need to pay on an Emirates NBD credit card loan?

Emirates NBD offers preferential interest rates on credit card loans. You need to contact the bank to know more about the interest rate. 

 

What are the various types of Emirates NBD credit card loans in the UAE?

The various types of credit card loans from Emirates NBD bank are as follows: 

  • Easy Payment Plans
  • Instant Cash Loans
  • Balance Transfer
  • Loans beyond the credit limit
What is the maximum loan amount I can acquire through an Emirates NBD credit card?

You can acquire a credit card loan of up to 90% of your credit limit using the Emirates NBD credit card.

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