Get personal loan at Lowest Interest Rate
Emirates NBD is one of the leading banks in the United Arab Emirates, providing a wide range of financial products and services. Among their offerings is the personal loan, which is a popular choice for individuals looking to quickly meet their financial requirements.
We will provide a comprehensive overview of Emirates NBD personal loan interest rates, helping you make an informed decision when considering a personal loan from Emirates NBD.
Before moving on to the interest rates, let’s take a look at some of the key features of Emirates NBD personal loans -
Tabled below are the Emirates NBD personal loan interest rates –
|Type of Emirates NBD Personal Loan||Emirates NBD Personal Loan Interest Rate (Per Annum)|
|Salary Transfer Loan for UAE Nationals||
|Salary Transfer Loans for Expatriates||
Important: The interest rates for Emirates NBD personal loans may vary based on your profile and other factors. As the interest rates are subject to change, it's recommended to check with the bank at the time of applying for a loan.
Here are some of the major factors influencing personal loan interest rates -
Check out the table below for the fees and charges related to Emirates NBD personal loans -
|Fee Description||Applicable Charges|
|Loan Processing Fee (New)||1.05% of the loan amount (min AED 525 and max AED 2,625)|
|Loan Processing Fee (Top Up)||1.05% of the incremental loan amount (min AED 525 and max AED 2,625)|
|Overdraft (OD) against Salary||
|Overdraft (OD) against Fixed Deposit (FD)||
|Late Payment Charge||AED 52.5|
|Instalment Deferment Fee||AED 105|
|Rescheduling Fee||AED 262.5|
|Early Settlement Fee||1.05% of the principal outstanding amount (max AED 10,500)|
|Due Date Change||Free|
|Advance EMI (up to 3 EMIs)||Free|
|Partial Payment||1.05% of the payment made (max AED 10,500)|
|Liability / No Liability Letter||AED 52.5|
|Loan Cancellation Fee||AED 52.5|
|Direct Debit Return Charges||Free|
|Request for Other Letters||Free|
Note: The fees and interest rates mentioned above are subject to change at the sole discretion of the bank. The above fees/charges are inclusive of Value Added Tax (VAT) as per the UAE CB and Federal Tax Authority regulations.
Emirates NBD personal loan interest rates vary as per factors such as the loan amount, loan term, and the applicable interest rate. To calculate the interest rates for Emirates NBD personal loans, follow these steps -
To use this calculator, you can visit the official website of Emirates NBD. After scrolling to the bottom, choose the ‘Loan Calculators’ option. This will take you to the personal loan calculator page, where you can enter the specified details to obtain the instalment amount.
Here are the eligibility criteria for this Emirates NBD personal loan -
|Eligibility Criteria||Expats||UAE Nationals|
|Minimum Monthly Income||AED 5,000||AED 5,000|
|Employment Status/Length of Employment||Employed without any minimum length of service||Employed without any minimum length of service|
|Credit History||Good credit history (as per the bank's assessment)||Good credit history (as per the bank's assessment)|
Here are some frequently asked questions related to Emirates NBD personal loan interest rates -
Ans: With Emirates NBD personal loan for Emiratis, you can get a loan amount of up to AED 4,000,000. The maximum loan amount for Emirates NBD personal loan for expats, on the other hand, is AED 3,000,000.
Ans: With Emirates NBD personal loans, you can have a repayment tenure of up to 4 years. However, the specific loan tenure available to you may depend on your eligibility and the bank's policies.
Ans: Yes, Emirates NBD allows partial or early repayments on personal loans. However, it's essential to review the terms and conditions of your loan agreement as some fees or charges may apply for such repayments.
Ans: Emirates NBD considers the credit history of applicants during the loan assessment process. While a poor credit history may affect your loan approval chances, it's recommended to discuss your specific situation with the bank to explore available options.
Ans: Yes, various charges and fees are associated with personal loans such as processing fees, early settlement fees, late payment charges, liability letters, and more. It's important to review the loan terms and conditions or consult with the bank to understand all applicable charges.
Ans: Yes, you can apply for a personal loan online via Policybazaar.ae and find the best personal loans in the UAE in one place. Alternatively, you can apply for a loan through the official website of your preferred bank.