Emirates NBD Personal Loan

Emirates NBD offers a wide array of financial solutions from credit cards to highly-acclaimed Emirates NBD personal loans upto AED 800,000 for maximum tenor of 48 months at interest rate starting from 4.99%  reducing in nature.

Emirates NBD Bank Personal loan

The loan can be availed with an easy application process that can be completed quickly online. Emirates NBD personal loan minimum salary requirements make this personal finance solution extremely attractive to the applicants from all economic segments. Emirates NBD was formed in 1963 as a merger between the National Bank of Dubai and the Emirates Bank International.

Emirates NBD Personal Loan Interest Rate

The Emirates NBD personal loan interest rate(s) is reducing in nature, which means the rate of interest gets reduced every time an installment is paid by the loan borrower. Below is the offered rate of interest by Emirates NBD on personal loans:

Emirates NBD Personal Loan Interest rate


Max. Loan Amount


Interest Rate

Type of Interest

Emirates NBD Personal Loan Interest rate

AED 800,000

Up to 48 months

Starting from 4.99%


*Interest Rates are subject to change any time.

Emirates NBD Personal Loan Eligibility              

The Emirates NBD personal loan eligibility criteria for UAE nationals and expats are mentioned below:


The minimum age eligibility is 21 years. However, the applicant below the age of 21 years will require a co-signer to jointly apply with as their guarantor.


For applicant having an ENBD account, credit card or auto loan, the Emirates NBD personal loan minimum salary requirement is AED 6,000. The applicant without any of the above-listed ENBD products is required to meet the Emirates NBD personal loan requirement of AED 12,000 as minimum monthly salary.

Salary Transfer

Salary to the ENBD is another criterion for Emirates NBD personal loan in UAE eligibility. The applicant is required to make a minimum of 6 salary transfers within the first 6 months of the loan tenor.

Emirates NBD Personal Loan Documents Required

There are certain Emirates NBD personal loan requirements that include certain documents. The required documents for availing Emirates personal loan are listed below:

  • Application Form: The duly-filled personal loan application form can be submitted online or at any of the Emirates NBD branches across the UAE.
  • Documents: The document requirements (for ID and address proof) include the applicant’s Emirates ID, passport, UAE visa (for expats only), Idbara page (for UAE nationals only) and utility bills with the applicant’s name.
  • Income Proof: The applicant is required to submit income proof by providing three latest months of their bank statement and a Salary  Transfer  Certificate issued by their employer.
  • Trade License: The self-employed applicant will have to present 6 months of bank statement and submit a valid Trade License.

Features and Benefits of ENBD Personal Loans

The Emirates NBD personal loan or the Emirates NBD personal cash loan offers the following features and benefits:

Loan Amount

The maximum loan amount offered by Emirates is AED 800,000. Additionally, the UAE national applicant can declare rental income and other sponsored earnings (if any) and can avail of additional funding for their Emirates NBD personal cash loan.


The borrower can avail a maximum tenor of up to 48 months. Ministry of Defence applicant, however, can avail maximum tenor up to 60 months.


The loan borrower can defer or push-back their monthly loan instalment up to two times in a year. This benefit can be availed by making all the previous NBD personal loan payments.

Please note- The benefit cannot be availed of in consecutive months.

Loan Cancellation

The applicant may cancel their Emirates NBD bank personal loan within 7 days from the disbursement. The applicable fees will be waived off.

Additional Benefits

The Emirates NBD personal loan offers a double insurance policy to the loan borrower. It provides insurance coverage in the event of tragic circumstances such as the demise of the loan borrower. In that case, the insurance policy offers the full outstanding loan amount to the loan borrower’s family members.

Emirates NBD Personal Loan Calculator

Emirates NBD Personal loan calculator is an online tool that helps the loan borrower to calculate the loan EMI. ENBD personal loan calculator helps the loan seeker to get a fair idea on the monthly outgo against a loan. To calculate the EMI, one will have to provide certain information such as loan amount, tenor, rate of interest etc. After providing the necessary information, the Emirates NBD Personal loan calculator will suggest the EMI to be paid.

Frequently Asked Questions

Q.1. What is a loan deferment?

Ans: Loan deferment is one of the many features offered by Emirates NBD personal loan. A loan deferment allows a loan holder to postpone a monthly installment, with the promise to pay it within a stipulated number of days. This can be availed on twice in a year, in non-consecutive months only.

Q.2. How can I calculate my Emirates NBD personal loan installment?

Ans: You can calculate your personal loan ENBD EMIs using the Emirates NBD personal loan EMI calculator. The Emirates NBD personal loan interest calculator can be found on the official website of ENBD, which can be accessed free of cost.

Q.3. What is the salary transfer requirement for an Emirates NBD personal loan?

Ans: The Emirates NBD personal loan requirements include up to 6 salary transfers and a mandated Salary Transfer Certificate. Applicants are required to make these 6 salary transfers within the first 6 months of their ENBD personal loan tenor.

Q.4. What is No Liability Letter?

Ans: On closing a personal loan, loan borrow may request for a  No Liability Letter that clears them of any liability towards the personal loan. This letter is usually required when leaving the UAE or when availing of a fresh loan. No Liability Letter can be availed for AED 50.

Q.5. What are the late payment charges for personal loan offered by ENBD?

Ans: Emirates NBD personal loans charge a late payment fee of AED 100 per instance. Repeated late payments can poorly impact the ENBD personal loan holder’s credit score and prevent them from availing of personal loan in the future.

Q.6. Can I avail Emirates NBD personal loan without salary transfer?

Ans: Even if you don’t have a salary transfer account with emirates, you can avail Emirates NBD personal loan without salary transfer.

Q.7. What is Emirates NBD personal loan minimum salary criterion?

Ans: As per the bank’s criterion, the minimum salary for personal loan in emirates NBD is AED 5000.

Q.8. What are the documents required to avail a personal loan from Emirates NBD?

Ans: Emirates NBD personal loan documents requirement include: Application form, Emirates ID, Passport, UAE Visa (for expats), Income proof, trade certificate, salary transfer certificate etc.

Q.9. What is the rate of interest for emirates money personal loan?

Ans: ENBD personal loan interest rate is charged on reducing rate, which means the rate of interest reduces every time the borrower pays an installment.

Average Rating / 5 ( reviews)