|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|Emirates NBD - Personal Cash Loan||Minimum Salary: AED 6,000||Salary Transfer: No||Islamic Finance: No||Maximum Term: 4 Years||Flat Rate: 0.0%||Reducing Rate: 0.0%|
- Maximum loan amount up to AED 800,000.
- Min salary is 6000 AED *
- Available for non-salary transfer
- Available even for customers whose employer is not on Emirates NBD's Approved List
- 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
- Minimum of 12 months banking relationship
- Minimum 6 salary credits with 6 months length of service with the current company
- Minimum Salary required is AED 6,000 when having an existing account or/and credit card or/and Auto Loan with Emirates NBD
- Minimum salary of AED 12,000 for bank account holders with no credit card or Auto Loan with Emirates NBD
** 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.