Discover your Personal Loan
Personal Loans
- Easy repayment period
- Loan amounts to suit your needs
- Quick turnaround of your loan application
- Free account with no minimum balance
UAE National Loan
- Special packages for UAE nationals
- Easy repayment period
- Loan amounts to suit your needs
- Quick turnaround of your loan application
- Free account with no minimum balance
Borrow Wisely Q & A
- Take the amount that you actually need and no more
- Avail of a loan from a bank that you can trust
- Check whether the rate of interest is competitive
- Make sure that the repayment period is within an acceptable time frame
- Insist on an amortization schedule
- Ensure that the loan is insured
- Live within your income
- Avoid borrowing more than you really need
- Set achievable financial goals
- Prepare for financial emergencies - Always have some money readily available that can help you tide over crisis
- Develop wise money-management habits
- Branches & ATMs Network - You should never be too far away from your branch.
- Systems and Processes- Choosing a bank that does not have the systems, processes and well trained staff to help advice you and manage your Personal Loan, is an unnecessary hassle.
Personal Loan Features and Benefits
Exclusive loan return option
We also offer a 7-day loan return option, should you be dissatisfied with any of our terms.
Enhanced credit life
We are the only bank to offer the dual benefit of a loan coverage; not only is the loan repaid to the bank by the insurance company, but also the equivalent amount is given to the next of kin in the event of unforeseen circumstances.
UAE National Personal Loan Features and Benefits
Exclusive loan return option
We also offer a 7-day loan return option, should you be dissatisfied with any of our terms.
Enhanced credit life
We are the only bank to offer the dual benefit of a loan coverage; not only is the loan repaid to the bank by the insurance company, but the equivalent amount is given to the next of kin in the event of unforeseen circumstances.
Why do I take a Personal loan?
Personal loans can be used to finance anything from funding an unexpected medical emergency, marriage, home renovation to even education fees.
Can I build assets with Personal loans?
Yes you can. But an asset will only build if its value grows higher than the rate of interest paid by you on the loan. So, a Personal loan that you take for your child's education will fetch you greater returns in the future than investing in a Plasma/ LCD television, which depreciates with time. A well planned Personal loan can go a long way in creating personal wealth.
How much can I borrow on a Personal loan?
Most banks prescribe certain limits on Personal loan based on your income and ability to repay. However, it is always advisable to borrow an amount that you will be able to safely repay without much discomfort.
How can I repay a Personal loan?
You can easily pay your Personal loan on the basis of a repayment schedule issued to you by the bank. Be realistic about your ability to repay every month. Don't depend on uncertain future earnings, nor try to overstretch your payback capability. Remember, easy repayment is in your hands.
What is an amortization schedule? How does it help?
When you take a Personal loan, you are making a commitment not only to repay, but repay within a specific time schedule. This is called as a loan amortization schedule. This will help you keep a track of the amount that you pay in principle and interest every month. Always insist on an amortization schedule from the bank and keep it carefully, as you may need to refer to it from time to time.
A sales person called me on my phone offering me a Personal loan; is it safe?
Yes, but only if it is from a reputable bank. Make sure you have understood all their terms and conditions correctly. Do not get pressurized to take hurried decisions. Ask for as much information as you need.
What factors should you consider before availing of a Personal Loan?
The following factors must be considered before taking a Personal loan:
How can I ensure easy repayment to loans and a financially secure future?
Some banks promise faster processing while others talk of lower interest rates. Which one should I opt for?
Often, the lowest quoted EMI could actually lead to longer payment periods. A high loan amount instead of helping you might become a burden, and fast processing may force you to take a hasty decision, without complete information.
How do I choose a bank to take a Personal loan?
The key to finding a bank that you can trust is to do plenty of research. Talk to your associates and friends about their experiences with a particular bank. A reputable bank will ensure that you have a peace of mind and a pleasant banking experience.
Here are some facts that you must consider while choosing your bank:
With a network of over 100 branches and 450 ATMs, Emirates NBD has a customer base of over 100,000 personal loan customers.
What if I am not happy with the Personal loan that I avail?
At Emirates NBD you have a choice to return the Personal loan within 7 days without any charges (conditions apply), if you feel that the loan provided is not as per your expectations or any of the terms and conditions are not favourable to you.
What happens in case of an untimely death of a person who has opted for a Personal loan? Does it burden the family?
Any Personal loan that you take from Emirates NBD is automatically insured at a nominal cost. In the case of an untimely death, it´s the partner insurance company covers the whole loan amount thereby saving the family from any burden.
