Imagine you have the money you need to make your dreams come true without worrying about cash. Whether planning a wedding, fixing up your home, or paying off debts, personal loans can give you the funds you need. Emirates NBD is a top choice for personal loans in the UAE, offering customised options for UAE nationals and expatriates. Emirates NBD offers flexible loan solutions whether you need to pay off debts, make a big purchase, or handle unexpected costs. This guide explores different types of Emirates NBD personal loan, who can apply, how to apply, and more.
Emirates NBD Personal Loan Benefits:
- Flexible Repayment Options: Choose a repayment period from 12 to 48 months.
- Loan Top-up: If you’re eligible and have a good repayment history, you can add more to your loan.
- Quick Disbursement: Loans are processed and given quickly.
- Insurance Coverage: Optional plans to protect your loan in case of emergencies.
Types of Emirates NBD Personal Loan:
- Salary Transfer Loans for Emiratis
- Salary Transfer Loans for Expats
- Scholar Plus Education Loan
- Scholar Plus Education Loan for Executives
- Credit facilities for NRIs – Loans & Overdraft
Top Emirates NBD Personal Loan in UAE:
Given below are the top Emirates NBD personal loan in UAE that you must check out if you are considering a personal loan without any hassle:
1. Salary Transfer Loans For Emirates
Features:
- Loan Amount: Up to AED 4 million.
- Interest Rate: Starting from 5.24% up to 19.99% p.a
- Repayment Term: Up to 48 months.
- Benefits:
- Delay your first payment for up to 120 days.
- Return the loan within 7 days if you change your mind.
- Get a free account with no minimum balance requirement.
- Take up to 2 payment breaks during your loan term.
- Credit Life Insurance to cover your loan in case of emergencies.
- Consolidate your debts and simplify payments with their One Pay service.
Eligibility:
- UAE Nationals.
- Monthly Salary: AED 5000
- No need for a minimum length of service
- Applicable to listed and non-listed companies
- Salary transfer to Emirates NBD account.
Required Documents:
- Valid Emirates ID and passport copy.
- Salary certificate and last 3 months’ bank statement.
- Undated security cheque.
- Latest salary certificate or salary transfer letter.
- Liability letter from the current bank.
How to Apply?
- Visit the loan page.
- Click “Apply Now”.
- Provide them with your name, email, mobile number, and monthly salary.
- Click “Finish Application”
- The banking authorities will get in touch with you once they have received your application.
2. Salary Transfer Loans for Expats
Features:
- Loan Amount: Up to AED 3 million.
- Interest Rate: Starting from 5.48% up to 20.99%. APR
- Repayment Term: Up to 48 months.
- Benefits:
- Delay your first payment for up to 60 days.
- Return the loan within 7 days if you change your mind.
- Get a free account with no minimum balance.
- Take up to 2 payment breaks during your loan term.
- Loan terms up to 48 months.
- Increase your loan eligibility with extra income.
- Credit Life Insurance to cover your loan in emergencies.
- Consolidate debts with One Pay service.
- A good AECB score speeds up your application.
- Apply with a salaried spouse or family member to increase eligibility.
- Easy and smart loan application process.
Eligibility:
- UAE Expats.
- Monthly Salary: AED 5000
- No need for a minimum length of service
- Applicable to listed and non-listed companies
- Salary transfer to Emirates NBD account.
Required Documents:
- Valid Emirates ID and passport copy with resident visa page.
- Salary certificate and bank statements.
- Undated security cheque.
- Latest salary certificate or salary transfer letter.
- Liability letter from the current bank.
- DDS registration form
How to Apply?
- Visit the loan page.
- Click “Apply Now”.
- Provide them with your name, email, mobile number, and monthly salary.
- Click “Finish Application”
- The banking authorities will get in touch with you once they have received your application.
3. Scholar Plus Education Loan
Features:
- Loan Amount: Up to AED 300,000.
- Interest Rate: Starting from 5.69% up to 20.99%. APR
- Repayment Term: Up to 48 months.
- Benefits:
- Free Credit Life Insurance
- Free Global Cash Card
- Preferential rates on currency conversions, including USD and Pound Sterling (for foreign currency accounts)
- Up to 2 non-consecutive deferments in a loan cycle
Eligibility:
- UAE Nationals and expatriates.
- Minimum monthly salary: AED 5,000.
- Salary transfer to Emirates NBD account.
Required Documents:
- Valid passport and Emirates ID.
- The income documents of the applicant
- Proof of enrollment or copy of the student ID card
- Passport copy of the student and relationship proof between the applicant and the student
- Fee invoice or quotation from the educational institution.
How to Apply?
- Visit the loan page.
- Click “Apply Now”.
- Provide them with your name, email, mobile number, and monthly salary.
- Click “Finish Application”
- The banking authorities will get in touch with you once they have recieved your application.
4. Scholar Plus Education Loan for Executives
Features:
- Loan Amount: Up to AED 300,000.
- Interest Rate: Starting from 5.69% up to 20.99%. APR
- Repayment Term: Up to 48 months.
- Benefits:
- Free Credit Life Insurance
- Free Global Cash Card
- Better rates on currency exchanges, including USD and Pound Sterling (for foreign currency accounts)
- Up to 2 payment breaks in a loan term
Eligibility:
- UAE Nationals and expatriates.
- Minimum monthly salary: AED 5,000.
- Salary transfer to Emirates NBD account.
Required Documents:
- Valid passport and Emirates ID.
- The income documents of the applicant
- Proof of enrollment or copy of the student ID card
- Passport copy of the student and relationship proof between the applicant and the student
- Fee invoice or quotation from the educational institution.
How to Apply?
- Visit the loan page.
- Click “Apply Now”.
- Provide them with your name, email, mobile number, and monthly salary.
- Click “Finish Application”
- The banking authorities will get in touch with you once they have recieved your application.
5. Credit facilities for NRIs – Loans & Overdraft
Features:
- Loan Amount: Up to 90% of NRE fixed deposit value.
- Interest Rate: Starting from 5.69% up to 20.99%. APR
- Repayment Term: Up to 48 months
- Usage: Funds can be used for various personal needs.
- Benefits:
- Borrow up to 80% of your NRE Fixed Deposit amount.
- Take up to 2 payment breaks in a loan cycle.
- This program is available with Indian partner banks: HDFC Bank, Axis Bank, ICICI Bank, and Emirates NBD India.
- Fixed deposits with these partner banks will be marked underlined for Emirates NBD.
Eligibility:
- Applies to NRIs with a UAE residence visa.
- Suitable for both salaried and self-employed individuals.
- No minimum length of service is required.
Required Documents:
- Passport copy with resident visa
- Emirates ID and copy
- Proof of residency or utility bill
- Undated security cheque
- Credit card statements (if applicable)
For salaried individuals:
- Latest 3 months’ bank statements
- Latest salary certificate or salary transfer letter
For self-employed individuals:
- Latest 6 months’ bank statements
- Trade license
- Memorandum of Association (MOA)
- Power of Attorney (POA)
How to Apply?
- Visit the loan page.
- Click “Apply Now”.
- Provide them with your name, email, mobile number, and monthly salary.
- Click “Finish Application”
- The banking authorities will get in touch with you once they have recieved your application.
Emirates NBD Personal Loan Requirements:
To apply for a personal loan with Emirates NBD, you will need the following documents:
- Passport, Visa & Emirates ID: Valid identification documents.
- Income Documents: Salary certificate and bank statements (last 3-6 months).
- Additional Documents for Students: Proof of enrollment or student ID, relationship proof between the applicant and the student, fee invoice or quotation from the educational institution.
- More Additional Documents: MOA, trade license, MOA, liability letter, etc.
Note: These are some of the basic documents every bank asks for. However, this may vary from bank to bank. It’s suggested that you check with the bank beforehand.
Emirates NBD Personal Loan Eligibility:
To qualify for an Emirates NBD personal loan, you must meet these criteria:
- Age: Minimum of 21 years.
- Employment: Must be employed with a company listed by Emirates NBD or have a regular source of income.
- Salary: Minimum monthly salary of AED 5,000.
- Credit Score: A reasonable credit score is preferable.
Emirates NBD Personal Loan Minimum Salary:
The monthly salary required to apply for a personal loan with Emirates NBD is AED 5,000.
Emirates NBD Personal Loan Interest Rate:
Emirates NBD offers competitive interest rates starting from 2.81% per annum (flat rate).
Emirates NBD Personal Loan Apply Online:
To apply for the Emirates NBD personal loan online, click “Apply Now”:
| Loan Type | Click Here To Apply |
| Salary Transfer Loans for Emiratis | Apply Now |
| Salary Transfer Loans for Expats | Apply Now |
| Scholar Plus Education Loan | Apply Now |
| Scholar Plus Education Loan for Executives | Apply Now |
| Credit facilities for NRIs – Loans & Overdraft | Apply Now |
Final Takeaway:
So that was all about Emirates NBD personal loan in UAE. This loan makes it easy and flexible to meet your financial needs. They offer competitive interest rates, a simple application process, and different loan options for UAE nationals and expatriates. For more details, visit their official website.
This guide will prepare you to apply for a personal loan with Emirates NBD and enjoy its financial flexibility.
Also, check out our guide on using the Emirates NBD personal loan calculator easily.
If you are thinking of applying for credit cards in the UAE, Emirates NBD is one of the top options. It offers credit cards with many benefits you wouldn’t want to miss.
Frequently Asked Questions (FAQs):
Q. What is the minimum salary for an Emirates NBD personal loan?
The personal loan is available to anyone with a minimum salary of AED 5000
Q. What is the interest rate for an Emirates NBD personal loan?
You can switch your existing personal loan to Emirates NBD and benefit from lower interest rates, starting from 2.81% annually.
