| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Emirates NBD - Salary Transfer Personal Loans for Expatriates
|
Minimum Salary: AED 5,000 | Salary Transfer: Yes | Islamic Finance: No | Maximum Term: 4 Years | Flat Rate: 2.9% | Reducing Rate: 5.49% |
Salary Transfer Loans for Expats
Personal Loans are now easy and convenient at competitive interest rates on salary transfer
Features
- Loan amounts up to AED 2 Million - AED 3 Million
- First payment deferment up to 60 days
- 7 days return option
- Free Zero balance account
- Avail up to 2 non-consecutive deferments in a loan cycle
- Loan tenure up to 48 months
- Increase your loan eligibility with additional source of income
- Competitive interest rates
- Consolidate multiple debts into one easy monthly payment
- Free Zero balance account
- No minimum EMI payment on your existing loan is required to apply for a top-up
Documents Required
- Identification
- Valid Passport Copy with valid Resident Visa page
- UAE Nationals: Ibara page of UAE Nationals
- Original Emirates ID and Emirates ID copy
- Proof of Residency or Utility Bill
- Updated Security Cheque
- Credit Card Statements (Where applicable) Salaried Individual
- Latest 3 Months Bank statement
- Latest Salary Certificate / Salary Transfer Letter Self-Employed
- Latest 6 Months Bank statement
- Trade License
- MOA (Memorandum of Association)
- POA (Power of Attorney) Loan to minor
- Attested copies of guarantor/co borrowers Passport and Visa, Emirates ID, Trade License & Income Details
Eligibility
- Salary should be transferred to Emirates NBD
- Minimum salary requirement of AED 5,000
- Customer's employer must be on the Emirates NBD's Approved List
- Minimum 6 months length of service
** 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.
