| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Emirates NBD - Personal Loan
|
Minimum Salary: EGP 1,200 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 10 Years | Flat Rate: 0.0% | Reducing Rate: 0.0% |
Make your dream come true with Emirates NBD Personal Loans that fulfill your financial needs and perfectly match your budget
Features
- Loan amount up to EGP 1Mn
- Competitive interest rates
- Flexible tenor up to 120 months
- Free life insurance during the loan period
- No guarantor required
- Easy access to your account through the Online Banking facility
Additional Information
Required Documents
- Valid national ID
- Recent Utility Bill
- HR letter
| Late payment fees | EGP 50+ 4% over contracted rate |
| Admin fees | Minimum of EGP 500 up to 5 year and minimum of EGP 550 from 5+ years up to 10 years. |
| Early settlement fees | 5% from outstanding balance to be applied at the time of settlement irrespective of settlement data (i.e. whether on the 2nd or 5th year of loan tenor) |
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
