National Bank of Fujairah (NBF) Personal Loan

NBF personal loans are flexible and have many incredible features to meet the financial requirements of potential borrowers. This loan product is a suitable option for fast and easy access to funds. With a swift application process, you can instantly get approved for a loan.

Let’s go through the article below to understand the National Bank of Fujairah personal loan in detail.

Features and Benefits of National Bank of Fujairah Personal Loan

The key features and benefits of the NBF personal loan are as follows:

• The minimum loan amount for this personal loan in UAE is AED 20,000.
• The bank offers a maximum loan amount of up to AED 3 million for UAE nationals and AED 1 million for UAE expatriates.
• This is a salary transfer personal loan, i.e., you would need to transfer your salary to an NBF account.
• The bank offers a flexible loan repayment tenure of 48 months. Note that the maximum loan tenure for GHQ staff is 60 months.

What are the Eligibility Criteria for the National Bank of Fujairah Personal Loan?

To be eligible for the National Bank Fujairah Personal Loan, make sure that you meet the eligibility criteria given below -

• You must have a minimum monthly income of AED 5,000.
• You must have completed at least six months with your current employer.
• You must be at least 21 years old to apply for the loan.
• If you are a UAE national, your age should not be over 65 years at the time of loan maturity.
• If you are a UAE expatriate, your age should not be over 60 years at the time of loan maturity.

NBF Personal Loan Calculator

Which Documents are Required to Apply for the National Bank of Fujairah Personal Loan?

To carry out the process of the National Bank of Fujairah personal loan, you must necessarily submit the following documents:

• Your valid passport copy
• A copy of your salary certificate (must be less than 30 days old)
• Past 6 months’ original bank statements
• A copy of your valid residency visa (applicable to expatriates)

National Bank of Fujairah Personal Loan: Fees and Charges

Mentioned in the following tables are all the fees and charges with respect to the National Bank of Fujairah personal loan -

Types of Fees	Charges
Early Settlement Fee	1% of the Outstanding Loan Amount or AED 10,000 (whichever is lower)
Processing Fee	1% of the Loan Amount (Minimum of AED 500 and Maximum of AED 2,500)
Partial Settlement Fee	1% of the Outstanding Loan Amount or AED 10,000 (whichever is lower)
Life Insurance Fee	0.01902 * Loan Tenure in Months * Loan Amount
Late Payment Fee	AED 200
Deferment Fee	AED 100
Product Discounts	Customers with an NBF credit card may be offered lower interest rates

Check out some frequently asked questions related to NBF personal loans below -

FAQ's