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Emirates NBD - Islamic Salary Transfer Financing
Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Emirates NBD - Islamic Salary Transfer Financing Emirates NBD - Islamic Salary Transfer Financing Minimum Salary: SAR 3,500 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 5 Years Flat Rate: 4.27% Reducing Rate: 2.68%
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Financing packages based on the Islamic principle – for the times you need a helping hand with your finances.

Convenience with complete peace of mind

Have complete peace of mind while getting high finance amounts and enjoying convenient Direct Debit repayments to help you achieve what's most important to you

  • Shariah compliant
  • Low Annual percentage rate starting from 5.75% (5 year tenor)*
  • Financing up to SAR 3,000,000
  • Monthly installments period up to 60 months
  • Possibility of refinance after paying 20% of finance principal
  • Personal Finance Balance Transfer from other banks available
  • In case of customer's death or permanent disability, total outstanding finance amount will be waived

Example 1: For personal finance of SAR 200,000 over 60 months, the APR will be 5.32% and the monthly installment will be SAR 3,791.
Example 2: For personal finance of SAR 150,000 over 36 months, the APR will be 4.86% and the monthly installment will be SAR 4,479.
Example 3: For personal finance of SAR 100,000 over 12 months, the APR will be 4.21% and the monthly installment will be SAR 8,521.
*Management fees: 1% of finance amount (capped at SAR 5,000). Late payment fees: SAR 150. EMI deferment fees: SAR 100. APR may differ depending on the amount and maturity period different from the above examples and subject to credit scoring of each customer.

Features
  • Shariah compliant
  • Low profit margin starting from 2.68% APR (5 year tenor)*
  • Financing up to SAR 3,000,000
  • Monthly installments period up to 60 months
  • Possibility of refinance after paying 20% of finance principle
  • Personal Finance Balance Transfer from other banks available
  • In case of customer’s death or permanent disability god forbid, total outstanding finance amount will be waived
  • Emirates NBD would like to offer you peace and comfort by providing a benefit of SAR 100,000 to your family in the event (God Forbid) of your death
Documents Required
  • Copy of the ID for Saudi nationals and copy of Iqama/Passport for expatriates
  • Employment Certificate confirming date of employment, monthly income and position held
  • Letter from your employer of irrevocable assignment of salary to Emirates NBD (and End-of-Service Benefits for expatriates)
Eligibility
  • Applicants must be employed in one of Emirates NBD approved private sector companies and government entities
  • Applicant's age should be between 21-60 years
  • Your monthly basic salary should be SAR 3,500 or above
  • Your service period with your current employer should be 3 months or above
Additional Information
*For a Finance Amount of SAR 200,000 over 60 Months, the Annual Percentage Rate will be 3.80%. *Subject to meeting bank's terms and conditions
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to 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