Loan on Card within credit limit | Loan on Card Benefits

Low interest

Starting at 0.53% reducing rate per month

Easy repayment

Up to 48 months

Hassle-free

No documentation required

Instant loan with Emirates NBD Credit Card

Whether it’s school fees, travel plans, or unexpected expenses, you can borrow up to 90% of your credit limit and pay back with ease with flexible tenures up to 48 months.

Disclaimer:

Monthly Installments are calculated using an illustrative Installment Amount of AED 10,000, effective interest rate of 0.89% per month (reducing balance) and 0% Processing fees for 12 months tenure.
Actual Interest rates vary by tenor and are subject to the bank's policy. Kindly Log in to your Mobile App or Online Banking to check the eligible transactions, applicable interest rate and processing fees.
Processing Fees will be charged as part of first monthly Installment.

To know the effective rate, please click here.

Installment Calculator

Monthly Installment payable

AED

EMI

Apply Now through

Login to your ENBD X App
Select your Credit Card from the dashboard
Choose Loan on Card under Services
Select the Amount, Tenure, and Account for fund transfer

Login to your Online Banking account
Select your Credit Card from the dashboard
Choose Loan on Card under Services
Select the Amount, Tenure, and Account for fund transfer

Not registered for Online Banking? Click here to sign up.

You can request for a Loan on Card online on our website here.

Note: If you have an account at Emirates NBD or Emirates Islamic Bank, the loan amount will be transferred to your account instantly. If you don’t have an account with us, you can ask for a manager's cheque. This will be couriered to you by Empost within 5 working days. You'll be contacted on your registered mobile number to schedule the delivery.

SMS LOC to 4456

Apply for a Loan on Card on ENBD X App

Choose from our flexible financial options:

Balance Conversion

Convert your current retail outstanding balance into affordable monthly installments.

Installment Payment Plan

Turn all your purchases into easy monthly installments (EMIs). Perfect for big purchases, travel expenses and more.

Balance Transfer

Transfer your Credit Card balance from other Banks to your Emirates NBD Credit Card and enjoy lower interest and smaller monthly payments.

Loan Beyond Credit Limit

Take advantage of additional cash above your Credit Card limit

What are people asking?

What is a Loan on Card facility?

The (LOC) facility allows you to convert a portion of your available Credit Card limit into cash. The amount is transferred directly to your bank account or issued as a manager’s cheque.

Who can apply for a Loan on Card?

This facility is available for primary Emirates NBD credit cardholders, based on your eligibility and available credit limit.

What is the maximum amount I can borrow as a Loan on Card?

You can borrow up to 90% of your available Credit Card limit, depending on your eligibility and available credit limit.

What are the tenure options for 'Loan on Card'?

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

What is the interest rate for Loan on Card?

The interest rate is a reducing monthly rate determined by Emirates NBD and shall be charged on the loan amount. Interest rates are subject to change based on Card usage and performance.

What is a Loan on Card facility?

The (LOC) facility allows you to convert a portion of your available Credit Card limit into cash. The amount is transferred directly to your bank account or issued as a manager’s cheque.

Who can apply for a Loan on Card?

This facility is available for primary Emirates NBD credit cardholders, based on your eligibility and available credit limit.

What is the maximum amount I can borrow as a Loan on Card?

You can borrow up to 90% of your available Credit Card limit, depending on your eligibility and available credit limit.

What are the tenure options for 'Loan on Card'?

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

What is the interest rate for Loan on Card?

The interest rate is a reducing monthly rate determined by Emirates NBD and shall be charged on the loan amount. Interest rates are subject to change based on Card usage and performance.

How do I apply for a Loan on Card?

You can apply easily via ENBD X, Online Banking, Push SMS,Website or Have us call you

ENBD X App:

Log in to your ENBD X App
Select your Credit Card from the dashboard
Choose Loan on Card under Services
Select the Amount, Tenure, and Account for fund transfer

Online Banking:

Login to your Online Banking account
Select your Credit Card from the dashboard
Choose Loan on Card under Services
Select the Amount, Tenure, and Account for fund transfer

Website:

You can request for a Loan on Card online on our website here.

Have us call you:

SMS LOC to 4456

How long will it take to process a Loan on Card?

Your Loan on Card will be processed instantly and reflected on your account and Credit Card statement.

Can supplementary cardholders apply for a Loan on Card?

No, the Loan on Card facility is available only for primary cardholders.

Are there any fees associated with the Loan on Card?

Fees for Loan on Card are determined by Emirates NBD and will be charged on the plan. Fees are subject to change. Please click here for more information.

Can I earn reward points on the Loan on Card?

No, currently there are no reward points associated with the Loan on Card facility.

Will my available credit limit increase as I pay off my Loan on Card?

Yes, as you repay the Loan on Card, your available Credit Card limit will increase.

How is the monthly EMI calculated?

Your monthly EMI will be the sum of the principal amount, interest for the selected tenure, and any applicable processing fee (included only in the first EMI).

Can I cancel my existing Loan on Card?

Yes, you can prepay or foreclose your Loan on Card by calling us on 600 54 0000 (UAE) or +971 600 54 0000 internationally. A foreclosure fee of 1% of the principal outstanding plus 5% VAT will apply.

What happens if I prepay my Loan on Card?

Even if you prepay, your Loan on Card will remain active until you cancel the plan by calling us on 600 54 0000 (UAE) or +971 600 54 0000 internationally. A 1% foreclosure fee plus 5% VAT will be charged on the principal outstanding.

What happens if I miss payments on my Loan on Card?

If you miss payments for two consecutive months, your plan will automatically be foreclosed. The full outstanding balance including a foreclosure fee will be due, and regular finance charges will apply.

What happens if I close my Credit Card while I have a Loan on Card?

Active Loan on Card plans must be foreclosed first and then your credit card cancellation request can be processed. Foreclosure fees will apply.

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