Emirates NBD Salary Transfer Personal Loan for UAE Nationals

Personal Loan up to 8 times your Salary

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  • EMI Tenure up to 48 Months
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Regardless of their financial status, individuals often face unexpected financial troubles at some point in their lives. The problems can manifest in the form of an urgent requirement for funds to buy necessary medical items, make up for shortfalls in business revenue, renovation of home, children’s marriage, and more. Fortunately, there are ways to tackle these issues today by accessing affordable personal loan in UAE from Emirates NBD. 

One such type of Emirates NBD personal loan is the Emirates NBD Salary Transfer Personal Loan for UAE Nationals, which accords special benefits to individuals opting for salary transfer with this personal loan. Read the article below to get acquainted with all the considerable aspects of this Emirates NBD personal loan.

Emirates NBD Salary Transfer Personal Loan for UAE Nationals

  • Minimum Salary AED 5,000
  • Monthly Payment AED 2,209
  • Flat Rate 2.9%
  • Reducing Rate 5.49%
  • Salary Transfer

Features and Benefits for Emirates NBD Salary Transfer Personal Loan for UAE Nationals

Emirates NBD is a secure and reputable bank that offers personal loans to UAE Nationals and ex-pats. Listed below are the key features of Emirates NBD Salary Transfer Personal Loan for UAE Nationals:

  1. Economical Interest Rates - Emirates NBD offers personal loans at interest rates starting as low as 2.38% per annum. With such low-interest amounts, you can take advantage of an affordable personal loan to help you with your financial needs.
  2. Up to AED 4 Million Loan Amount - With Emirates NBD, you can get a personal loan with the provided sum going as high as AED 4 million. Consequently, you will be able to fulfill most of your requirements by utilising such excellent loan amounts.
  3. Sufficient Loan Repayment Tenure - Whenever you need to borrow funds, it's crucial to consider the duration in which you will be required to repay the loan. With this Emirates NBD personal loan having a maximum tenure of 48 months, it becomes ideal for customers who wish to repay the loan in manageable installments without straining other financial obligations.
  4. First Instalment Deferment - To ensure that a borrower gets sufficient time to plan their upcoming loan obligations and pay off their, Emirates NBD offers a first installment deferment of up to 120 days with its personal loan in UAE. 
  5. Loan Return - One of the most remarkable features of this Emirates NBD plan is its 7-day loan return feature. So if you obtain a loan at a standard interest rate but later decide that you don't need it, the bank will take the loan amount back without charging you any additional fee or charge.
  6. Credit Life Insurance - In case the borrower is involved in an accident or passes away before the completion of the loan repayment, the credit life insurance (CIL) plan provided by Emirates NBD proves immensely beneficial. By ensuring that the individual’s family members don’t have to bear the responsibility of the loan, this feature proves useful in protecting the future of your family in terms of finances in your absence.
  7. Loan Top-Up - The approved loan amount might not be sufficient to pay your outstanding bills, meet the upcoming expenses, or repay your credit card debt. If you're in such a situation where you need money to cover all these demands, you can apply for a top-up on your existing Emirates NBD personal loan. However, it is essential to note that the applicants would need to resubmit their documents and go through the application process again.

Interest Rates of Emirates NBD Salary Transfer Personal Loan for UAE Nationals

When it comes to personal loans, several aspects must be considered before initiating the application process. One such crucial aspect of the same is the interest rate. 

Here is a list of the interest rates offered by this Emirates NBD Personal Loan in UAE:

Personal Plan Loan

Loan Type

Fixed Rate of Interest Per Annum

Reducing Rate of Interest Per Annum

Emirates NBD Salary Transfer Personal Loan for UAE Nationals

Fresh Loan

Starting from 2.55% 

Starting from 4.79% 

Loan Transfer

Starting from 2.38% 

Starting from 4.49% 

Documents Required for Emirates NBD Salary Transfer Personal Loan for UAE Nationals

The process of applying for an Emirates NBD Personal Loan in UAE can be overwhelming if you are unsure of where to start. However, when it comes to applying for a loan, there is one thing that you should never forget: complete your paperwork and include all the necessary documents without fail.

Given below is a checklist of all the documents necessary when applying for Emirates NBD Personal Loan in UAE:

  1. Valid Emirates ID
  2. Valid Passport with Idbara page
  3. Copy of Passport
  4. Last 3-month Security Cheque
  5. Undated Security Cheque
  6. Liability Letter (in case of loan transfer)
  7. Recent Salary Certificates
  8. Salary Transfer Letter

Note: During your loan application process, the bank may require additional papers for its consideration.

Check loan eligibility and apply personal loan

Eligibility Criteria for Emirates NBD Salary Transfer Personal Loan for UAE Nationals

Several factors come into play when the bank assesses whether you should be considered for a personal loan or not. Some of the major eligibility requirements for Emirates NBD Salary Transfer Personal Loan for UAE Nationals are:

  • Age: Emirates NBD offers personal loans to individuals who are at least 21 years old.
  • Residency: Only UAE Nationals are eligible for this loan plan.
  • Salary: Individuals earning at least AED 5,000 per month are free to apply for this Emirates NBD personal loan in UAE.
  • Additional Requirement:  An applicant must be employed by an NBD-approved employer to be considered eligible, although there is no minimum service term requirement.

Eligibility Requirements in a Shell

Minimum Age Requirement

21 years

Residency

UAE National

Salary Requirement

AED 5,000

How to Apply for Emirates NBD Salary Transfer Personal Loan for UAE Nationals?

Emirati customers can utilise the online application method to speed up their application process while also getting a decision regarding their approval faster. Emirates NBD offers an online application process that allows you to fill out the forms on the website 24/7, providing you with more time to handle your financial situation and requirements. 

However, before applying for a personal loan, it is important to compare the best loan products in the UAE. Policybazaar UAE allows you the chance to do exactly that, as you can compare the top loan plans and even apply for an Emirates NBD Personal Loan via policybazaar.ae – all in one place in a few clicks.

Applying via Policybazaar UAE 

  1. Choose the ‘Personal Loans in UAE’ on the homepage of policybazaar.ae.
  2. Enter the necessary details in the brief form there. 
  3. You will be shown loan products as per the details provided by you.
  4. Compare the loan products available to you.
  5. If you wish to apply for one, simply click on ‘Apply Now’ near that plan.
  6. Fill in the loan application form and submit it.
  7. A Policybazaar UAE representative will contact you for further steps.

You can also apply through the official bank website. Sign in to the Emirates NBD website and select ‘Personal Loan’ under the Loan section of Personal banking options. After you click on ‘Apply Now’, the loan application form will be provided to you. Simply fill out this form and submit it online. A bank agent will get in touch with you to finish the remaining steps of your loan application.

You can also visit a local Emirates NBD bank branch and submit the loan application form in person. However, with the online process providing you the opportunity to complete the application without venturing anywhere outside, it is generally more recommended compared to its offline counterpart.

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