Emirates NBD Personal Cash Loan

There are times when individuals can require short-term solutions to meet financial obligations or emergencies at an instant. Whether these requirements come in the form of an unexpected bill or car repair, wedding, or the expansion of business, personal cash loans can easily help you take care of them without exhausting your saving funds. In this aspect, Emirates NBD is beneficial as its personal cash loans are available to both UAE nationals and ex-pats.

Benefits and Features of Emirates NBD Personal Cash Loan

Whenever you need to meet a financial need, it could prove challenging to pay all your bills and maintain your current or planned expenses. Personal cash loans from Emirates NBD, however, offer fast, convenient, and flexible funding solutions to help customers with their immediate financial needs without minimising other expenditures. 

Here are the most relevant features of Emirates NBD Personal Cash Loan.

1. High Loan Amount - Both UAE nationals and ex-pats can take advantage of this loan plan by Emirates NBD to satisfy their financial requirements at a moment’s notice. With a loan amount limit as high as AED 500,000, one can get a sufficient amount for the fulfilment of their specific purpose.
2. Low Loan Costs - Customers can enjoy overall low borrowing costs due to the attractive pricing structure of this Emirates NBD personal loan, with flat interest rates starting as low as 4.86 per cent per year. 
3. Long Loan Repayment Term - Emirates NBD personal loans can be repaid in a tenure of up to 4 years, which is an excellent choice for users who wish to better manage their long-term budget while also keeping the instalments on the lower side.
4. Quick Loan Approval  - Owing to its online loan application procedure and processing, Emirates NBD ensures quick approval for its personal loan in UAE.
5. Minimal Documentation Requirement - One of the biggest hurdles often faced while obtaining a personal loan is the paperwork, with the filling out of lengthy application forms often being a daunting task for many. This difficulty is averted with Emirates NBD, which has kept its documentation requirement to the bare minimum regarding an application for a personal loan in UAE.

Interest Rates of Emirates NBD Personal Cash Loan

Given below is a table showing the interest rates of Emirates NBD Personal Cash Loan

Documents Required for Emirates NBD Personal Cash Loan

When you apply for a loan, certain documents have to be provided to help the bank verify your details as an applicant for a personal loan in UAE, although the list of required documents varies as per the bank. When you apply for an Emirates NBD personal loan, you will need to keep the following documents ready:

1. Valid Emirates ID
2. Valid Passport
3. Undated Security Cheque
4. Recent Salary Certificates
5. Last 3-month Security Cheque
6. Salary Transfer Letter (if applicable)

Note: The bank can demand additional documents during the application as per its consideration.

Eligibility Criteria of Emirates NBD Personal Cash Loan

You must meet the criteria set by Emirates NBD if you want to apply for its personal loan in UAE. These criteria ensure that the bank is only offering loans to individuals who can be trusted to repay the loan in the specified tenure with minimum delays. 

Here are the eligibility criteria for Emirates NBD Personal Cash Loan:

• Age: Applicants over the age of 21 years are eligible for an Emirates NBD personal loan.
• Residency: Both UAE nationals and expatriates are eligible for Emirates NBD Personal Cash Loans.
• Salary: A minimum salary of AED 10,000 is required (the requirement can vary as per the nationality and other factors) 

How to Apply for Emirates Criteria of Emirates NBD Personal Cash Loan?

You can apply for an Emirates NBD Personal Cash Loan from the bank website or policybazaar.ae, or even visit a branch offline for the same. Here’s a breakdown of all the available procedures:

Via Policybazaar UAE 

1. Visit policybazaar.ae website and open the ‘Personal Loans in UAE’ section.
2. Complete the short form that is shown right on the page. It will help us evaluate and display the loan products based on your preference.
3. Browse through the loan products and select the ‘Apply Now’ link if you wish to apply for one (like the Emirates NBD personal cash loan in this case).
4. Fill out the application form for your chosen plan and submit it.
5. Once you are done, a representative from Policybazaar UAE will call you to help you complete the remaining processes.

Via Emirates NBD Website

1. Sign in to the bank website and open the Personal Banking section.
2. Select ‘Personal Loans’.
3. You will find numerous plans in this category. 
4. Click on ‘Apply Now’ for your preferred plan. 
5. A loan application form will be presented next. Fill it out and submit it.
6. A bank executive will get in touch with you to assist you to complete the loan processing.

Via Emirates NBD Bank Branch

If you're thinking about taking a personal loan in UAE offline, you can visit your local Emirates NBD bank branch and submit an application form in person. However, if you'd like to make things easier for yourself (or if you simply prefer the convenience of applying online), it is advisable to use the online loan application process. This will simplify the application process and save you time and effort while also making it easier for you to communicate your queries throughout the process.