• What is a 'Loan on Card beyond credit limit' facility on my Credit Card?

  Loan on Card beyond credit limit (ALOC) program allows you to get a Loan over and above your Credit Card limit as cash. The loan amount can be transferred to your bank account or issued as a manager's cheque.

• Who can apply for a 'Loan on Card beyond credit limit'?

  This program is offered to Primary Emirates NBD Credit Card holders based on Card usage and performance.

• What is the maximum 'Loan on Card beyond credit limit' that I can avail?

  You can avail an amount equivalent to 100% of your Credit Card limit. The amount will vary based on your eligibility and is subject to approval.

• What are the repayment options with the 'Loan on Card beyond credit limit' facility?

  Repayment options are available on a 12, 24, 36, and 48 months tenure.

• What is the applicable interest rate to avail 'Loan on Card beyond credit limit' facility?

  Loan on Card beyond credit limit is a flat monthly interest rate determined by Emirates NBD and shall be charged on the loan amount. The interest rates are subject to changes on periodic basis and is also based on Card usage and overall performance.

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• What is a 'Loan on Card beyond credit limit' facility on my Credit Card?

  Loan on Card beyond credit limit (ALOC) program allows you to get a Loan over and above your Credit Card limit as cash. The loan amount can be transferred to your bank account or issued as a manager's cheque.

• Who can apply for a 'Loan on Card beyond credit limit'?

  This program is offered to Primary Emirates NBD Credit Card holders based on Card usage and performance.

• What is the maximum 'Loan on Card beyond credit limit' that I can avail?

  You can avail an amount equivalent to 100% of your Credit Card limit. The amount will vary based on your eligibility and is subject to approval.

• What are the repayment options with the 'Loan on Card beyond credit limit' facility?

  Repayment options are available on a 12, 24, 36, and 48 months tenure.

• What is the applicable interest rate to avail 'Loan on Card beyond credit limit' facility?

  Loan on Card beyond credit limit is a flat monthly interest rate determined by Emirates NBD and shall be charged on the loan amount. The interest rates are subject to changes on periodic basis and is also based on Card usage and overall performance.

• How do I apply for the 'Loan on Card beyond credit limit' facility?

  To avail this program, please contact our 24/7 call center at 600 54 0000 and our phone banking advisor will assist you in processing your request.

• What is the timeframe to process a 'Loan on Card beyond credit limit'?

  It will be processed within 2-3 working days from the time of your request.

• Can supplementary Cardholders apply for 'Loan on Card beyond credit limit' facility?

  This facility is available to Primary Cardholders only.

• Are there any charges that apply for the 'Loan on Card beyond credit limit' facility?

  Any applicable fees on the 'Loan on Card beyond credit limit' facility is determined by Emirates NBD and will be charged on the plan.

  Fees are subject to changes on periodic basis. Please click here for more information.

• Will I be eligible for reward points with the 'Loan on Card beyond credit limit' facility?

  There are currently no reward points associated with the 'Loan on Card beyond credit limit' facility.

• Once I avail the 'Loan on Card beyond credit limit' program', will my available balance increase corresponding to transaction amount placed in installments?

  Your Loan on Card beyond credit limit facility is given over and above your credit limit which in turn will not impact your credit limit.

• How is the monthly EMI calculated with the 'Loan on Card beyond credit limit' program'?

  Your total loan payable amount shall be computed by adding the principal amount of the loan, interest during the selected tenor, and the one time processing fee as applicable. Your loan monthly EMI will include amounts for the repayment of principal, interest charges and processing fees.

• Can I cancel my existing 'Loan on Card beyond credit limit' plan on my credit card, and will I be charged?

  You can choose to prepay or foreclose your existing Loan on Card beyond credit limit facility by contacting our call center on 600 54 0000. A foreclosure fee of 1% of the principal outstanding plus 5% VAT will be applicable.

• What will happen to the 'Loan on Card beyond credit limit' plan if I prepay the loan amount?

  Your Loan on Card beyond credit limit plan will remain active. If the prepayment is done with an intention to cancel the plan, you are required to contact our call center at 600 54 0000 and request for a cancellation. Upon cancellation, the prepayment will be adjusted towards the Loan on Card outstanding and a foreclosure fee of 1% of the principal outstanding plus 5% VAT will be applied.

• What happens if I fail payments towards my existing 'Loan on Card beyond credit limit' plan?

  A monthly installment has to be paid towards your Loan on Card beyond credit limit plan. However, if you fail to repay your installments for two consecutive months, your plan will automatically be foreclosed. Your entire outstanding balance from the Loan on Card plan will immediately be due for payment in full. The remaining outstanding balance will then attract our regular finance charges.

• What happens if I close my credit Card while a 'Loan on Card beyond credit limit' plan exists?

  When your Credit Card cancellation is processed, all active plans on the Card will automatically be closed, a foreclosure fee and remaining outstanding balance will be due for payment in full.