Personal Loans

Short Term Cash Loans

A loan for your short-term cash needs

If quarterly, half-yearly or annual rent cheques put a strain on your finances, an Emirates NBD Short Term Cash Loan is your answer. Other cash shortfalls like medical or school fees, unexpected travel or credit card debt may also stretch your finances.

With interest rates starting from 2.2%*, you can cope with such eventualities and pay back a little every month. Features of these loans include:

• Maximum tenor of 24 months
• Minimum monthly salary requirement of AED 5,000
• Loan quickly credited into your bank account

*Flat rate, equivalent to 4.24% reducing

Salary Transfer Loans for UAE Nationals

Financial Support for your aspirations

We want to encourage the entrepreneurial spirit of UAE Nationals and our loan packages can help harness your new start up or another ambition. These loans include:

• Attractive interest rates starting from 2.55%* p.a. flat
• Loan amounts up to AED 4 Million
• First payment after 90 days
• Attractive Flexi interest rates starting from 2.26%** p.a. flat

*Flat rate, equivalent to 5.49% reducing

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Loan Tenure

Loan Tenure of 48 months.

Eligibility:

• Minimum salary requirement : AED 5,000
• Minimum Length of Service : None
• Salary should be transferred to Emirates NBD
• Employer must be on Emirates NBD's Approved List of companies

Required Documents

• Find out the list of documents required with your Personal Loan application:
• Valid Passport Copy with Idbara page & Emirates ID
• Latest Salary Certificate / Salary Transfer Letter
• Undated Security Cheque
• Latest 3 Months Bank statement

Terms & Conditions:

Additional Notes:

• This document checklist contains the list of all the essential documents required to process your request.
• If any of the required documents as per the checklist are missing, the process of the application may be delayed.
• Additional documents may be required at the Bank's sole discretion.
• Please ensure all documents are in order as per the checklist before visiting the branch, for quick processing and faster turnaround times.

Personal Cash Loans

Additional funds when you need them

Emirates NBD strives to provide finance for everybody who needs it. You can secure a Personal Cash Loan of up to AED 500,000 even if your employer is not on our Approved List.

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

• Minimum of 12 months banking relationship
• Minimum 6 salary credits with 6 months length of service with current company
• Minimum salary of AED 10,000 when you have an existing credit card or Auto Loan with Emirates NBD
• Minimum salary of AED 12,000 for bank account holders with no credit card or Auto Loan with Emirates NBD

UAE National Personal Loan with Additional Income

Additional finance for unexpected expenses

With an Emirates NBD Personal Loan with Additional Income, UAE Nationals can use extra rental income or an earned sponsorship fee for a loan opportunity to receive additional financing for unexpected expenses. Features of this account include:

• Attractive reducing interest rates starting from 5.99% reducing or 3.18% flat p.a.
• Loans up to AED 3,000,000
• No collateral or guarantor required
• Free Bank Account with no minimum balance requirement

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

• Minimum salary of AED 10,000
• Minimum age of the borrower must be 21 years
• Loan eligibility criteria will be based on income derived after adding back rental income or sponsorship fee

Automatic Top Up Programme

Additional finance for existing loan customers

We have created the Automated Top Up Programme because we know your financial needs are changing all the time. Even if you already have a Personal Loan with Emirates NBD, for regular-paying customers we can provide additional finance when you need it. Features include:

• Quick and easy, simple documentation
• Loans up to 125% times your original loan amount
• No Salary Transfer Letter/Salary Certificate required
• Processing fee for incremental amount only
• Interest rates starting at 5.99%

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

• Existing loan should be regular and current
• All other existing top-up criteria applicable for processing the additional loan

Loan for New to Country/New to Employment

Making your relocation as easy as possible

As we all know, moving job or country is both exciting and challenging. Having your finances organized is one less headache. This loan makes your financial transition that much easier. Its features include:

• Rates starting at 5.99% or 2.63%* flat p.a.
• No minimum length of service required
• Loans up to AED 400,000
• Option of Current or Savings Account with no minimum balance required
• Free International ATM/Debit Card

* 3 years tenor

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

• Minimum salary of AED 10,000
• First salary to be credited to account with Emirates NBD
• Employer must be on Emirates NBD's Approved List

End-of-Service Benefit Backed Personal Loans

A loan supported by your financial status

With your End-of-Service Benefit assigned to Emirates NBD by your employer you can get a loan package that meets your financial needs. This is a particularly good option when you have regular outgoings but want to protect your benefits. Other features of this loan are:

• Up to 90% of End-of-Service Benefit amount
• Attractive reducing interest rates
• Fast processing of loan application

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

• Gratuity/End-of-Service Benefit amount to be specified in the Salary Transfer Letter
• Minimum monthly salary of AED 3,000
• Minimum loan amount of AED 10,000
• Employment with Emirate NBD's Approved List of Employers

Co-applicant programme

Increasing your loan by including a second income

When you need a loan that is above your own limit, you can increase your eligibility by applying with a salaried spouse or relative with our Co-Applicant Programme. You can use all or part of the second income. Other features include:

• Can be salary of spouse or another close relative
• Quick processing of application
• Amount of loan depends on combined salaries

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

• Main applicant should be employed by Emirates NBD Approved List of Employers
• Co-applicant can be a spouse or a direct relative (son or daughter but not brothers)
• Maximum of one co-applicant
• Minimum monthly salary of primary applicant of at least AED 5,000
• No company listing or Salary Transfer required for co-applicant

Loan for NRIs – Loan against / for NRE Fixed Deposits

A special loan designed for NRI clients with a fixed deposit

If you are a Non-Resident Indian and you have a Fixed Deposit with us or our Indian partner bank, we can tailor a loan specially for you without affecting your deposit. This comes with attractive interest rates on your reducing balance through the loan period. Other features of this loan are:

• Up to 90%* of Fixed Deposit amount in AED and up to 80% for INR Fixed Deposit
• Loan in AED against INR Fixed Deposit
• Rate starting at 4.25%*
• Maximum tenor of 48 months

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

Available to Non-Resident Indians with a valid UAE residence visa Salaried or self-employed Indian Nationals can apply 20% of the Fixed Deposit amount funded by customer Fixed Deposit with Indian partner bank will be marked under lien favouring Emirates NBD

Loan without Salary Transfer

A loan that does not depend on salary transfer

We aim to give everyone the opportunity to achieve their goals. Even if you do not have an account with us to which your salary is transferred, you can still apply for a personal loan with Emirates NBD. This loan includes the following features:

• Loan up to AED 500,000 for both UAE Nationals and expatriates
• Competitive interest rates starting at 8.99% reducing balance
• Repayment period of up to 48 months
• Repayment through Direct Debit System (DDS)

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

• Proof of employment and salary
• Valid UAE residence visa
• Minimum of 6 months in current job

Personal Loans for Self-Employed Professionals

Tailor made loans for professionals

If you are a qualified doctor, engineer, architect or accountant, or in fact anyone with a professional qualification we have a loan especially tailored for you. We recognize your value to society and have thus made getting a loan from Emirates NBD easier for you. This loan has the following features:

• Up to AED 300,000
• Competitive interest rates starting from 18.99% reducing
• Repayment up to 48 months
• Minimum of 1 year in business

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

• For self-employed professionals such as doctors, architects, chartered accountants and engineers
• Minimum 6 months average balance of AED 20,000
• Minimum period in business of 1 year
• Maximum tenor of 4 years

Personal Loans for Self Employed Individuals

A simple loan option to help you manage your financial needs

If you are self-employed and need a little bit of financial help to tide you over, an Emirates NBD Priority Banking loan specifically for you is the answer. You don’t need to provide details of what the funds are for, and we do not seek collateral or a guarantor. Other key features of this loan are:

• Up to AED 300,000
• Easy repayment options
• Available for UAE National and expatriates

7-day Loan Return Option

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

Credit life Insurance (CLI)

Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.

*Subject to Terms of the policy, Terms & Conditions apply.

Eligibility:

• Minimum 6 months average balance of AED 25,000
• Minimum period of business of 2 years
• Maximum tenor of 4 years