Loan on Card within Credit Limit
Easy access to Instant Cash

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

  Loan on Card (LOC) program allows you to get a portion of your available Credit Card limit as cash. The amount availed will be transferred to your bank account or issued as a manager's cheque.

• Who can apply for a 'Loan on Card' option?

  This program is available for all Primary Emirates NBD Credit Card holders based on your eligibility and available credit card limit.

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

  You can avail a maximum of up to 90% of your available Credit Card limit. The amount varies based on your eligibility and available Credit Card limit.

• What are the tenure options available for 'Loan on Card' facility on a Credit Card?

  You can choose to repay your Loan on Card amounts for 12, 18, 24, 36, or 48 months.

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

  Loan on Card interest 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' facility on my Credit Card?

  Loan on Card (LOC) program allows you to get a portion of your available Credit Card limit as cash. The amount availed will be transferred to your bank account or issued as a manager's cheque.

• Who can apply for a 'Loan on Card' option?

  This program is available for all Primary Emirates NBD Credit Card holders based on your eligibility and available credit card limit.

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

  You can avail a maximum of up to 90% of your available Credit Card limit. The amount varies based on your eligibility and available Credit Card limit.

• What are the tenure options available for 'Loan on Card' facility on a Credit Card?

  You can choose to repay your Loan on Card amounts for 12, 18, 24, 36, or 48 months.

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

  Loan on Card interest 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' facility?

  You can avail this facility through our digital channels using 4 simple steps:

  Online Banking:

  • Login to your Online Banking
  • Go to My Finances > Cards and select your Credit Card
  • Click on the Loan on Card option
  • Select the Amount, Tenor and Account to which your funds should be deposited.

  Mobile Banking:

  • Login to your Emirates NBD app
  • Select your Credit Card on the dashboard
  • Choose the Loan on Card option
  • Select the Amount, Tenor and Account to which your funds should be deposited.
• What is the timeframe to process a

  Upon request, your Loan on Card option will be processed & reflected instantly on your account and Credit Card statement.

• Can Supplementary Cardholders apply for 'Loan on Card' facility?

  This facility is available for Primary Cardholders only.

• Are there any fees charged for the 'Loan on Card' facility?

  Any applicable fees on the 'Loan on Card' 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 when I apply for the 'Loan on Card' facility?

  Currently, there are no reward points associated with the 'Loan on Card' facility.

• Once I avail the 'Loan on Card' facility, will my available balance increase corresponding to the payments I make towards my installments?

  Loan on Card option is given based on your available Credit Card limit. On repayment of your monthly installments, the amount repaid will become your new available Credit Card limit.

• How is the monthly EMI calculated with the 'Loan on Card' option?

  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 monthly EMI will consist of the principal and interest repayment amount, however only your first EMI will include any processing fee is applicable"

• Can I cancel my existing 'Loan on Card' plan on my Credit Card, and if yes, will I be charged?

  You can choose to prepay or foreclose your existing Loan on Card facility by contacting our call center on 600540000. A foreclosure fee of 1% of the principal outstanding plus 5% VAT will be applicable.

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

  Your Loan on Card 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 600540000 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' plan?

  A monthly installment has to be paid towards your Loan on Card 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' 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.