Emirates NBD Personal Loan for Expats & UAE Nationals

Emirates NBD Personal Loan is a top choice for both UAE Nationals and Expats. If you want your loan to be loaded with benefits, you can go for Emirates NBD Personal Loan. The benefits you get will be based on customer eligibility and borrowing capacity. We will cover eligibility criteria, documents required, and ways to calculate your monthly installment.

Emirates NBD Personal Loan for Expats and UAE Nationals

Emirates NBD is one of the fastest- growing banks in the UAE known for providing personal loans at the lowest interest rates. Here’s why both UAE nationals and expats prefer Emirates NBD -

Competitive interest rates
Versatile financial tool
Robust Portfolio

This loan combines ease of access with extensive benefits, making it a preferred choice for many in the UAE.

Benefits of Emirates NBD Personal Loan for UAE Nationals and Expats

There are numerous benefits of using Emirates NBD Personal Loan for Expats and UAE Nationals, but let’s list down the most important ones just for you:-

For UAE Nationals	For Expats
Get a loan for up to AED 4 million with reducing interest rate starting from 5.99%. Transfer other bank loans from AED 25,000 to AED 2 million to Emirates NBD at attractive interest rates. Covers your outstanding amount in case of any unfortunate event. Zero Balance complimentary account Loans are available without needing collateral or a guarantor Get a free credit card for the first year and set up a fee on Overdraft with eligible points. Get up to 2 non-consecutive deferments in a loan cycle	Get a loan amount of up to AED 2 million with a reduced interest rate starting from 5.99%. Avail up to two non-consecutive deferments within a loan cycle. Credit Life Insurance will pay the remaining balance in case of an unfavorable circumstance. Benefit from a 7-day return policy Free bank account with no balance No guarantee or collateral is needed. Delay of the first payment for up to 90 days (60 days for new and top-up cases; 90 days for take-over) Free Credit Card for the First Year with Eligible Points or Miles First year free Overdraft (OD) setup charge Maximum 48-month loan term Increase eligibility for loans by additional sources of income.

For UAE Nationals

For Expats

Get a loan for up to AED 4 million with reducing interest rate starting from 5.99%.
Transfer other bank loans from AED 25,000 to AED 2 million to Emirates NBD at attractive interest rates.
Covers your outstanding amount in case of any unfortunate event.
Zero Balance complimentary account
Loans are available without needing collateral or a guarantor
Get a free credit card for the first year and set up a fee on Overdraft with eligible points.
Get up to 2 non-consecutive deferments in a loan cycle

Get a loan amount of up to AED 2 million with a reduced interest rate starting from 5.99%.
Avail up to two non-consecutive deferments within a loan cycle.
Credit Life Insurance will pay the remaining balance in case of an unfavorable circumstance.
Benefit from a 7-day return policy
Free bank account with no balance
No guarantee or collateral is needed.
Delay of the first payment for up to 90 days (60 days for new and top-up cases; 90 days for take-over)
Free Credit Card for the First Year with Eligible Points or Miles
First year free Overdraft (OD) setup charge
Maximum 48-month loan term
Increase eligibility for loans by additional sources of income.

Emirates NBD Personal Loan Interest Rates for Expats and UAE Nationals

The below table outlines the interest rates for personal loans offered by Emirates NBD:-

Nationality	Fixed Rate (per annum)	Reducing Rate (per annum)
UAE Nationals	NA	5.99%
Expatriates	NA	5.99%

Eligibility Criteria for Emirates NBD Personal Loan for UAE Nationals and Expats

Particulars	For UAE Nationals	For Expats
Minimum Income	AED 5,000 per month	AED 5,000 per month
Minimum Length of Service	None	None
Salary Transfer	Minimum 3 salaries	Minimum 3 salaries
Security Cheque	Required if the loan amount is above AED 200K	Required if the approved finance amount is above AED 200K
Listed and Non-Listed Companies	No compulsion	No compulsion
Processing Fees	No Fees	Minimum 1% with a cap of maximum AED 2500

Check loan eligibility and apply personal loan

Documents for Emirates NBD Personal Loan for Expats and UAE Nationals

Below is the list of documents you will be required to complete your loan process, when you’re either applying for a new loan, switching or topping it up -

For New Loans	For Switching Loan	For Topping Up Loan
Original passport copy with resident visa page Emirates ID Copy Most recent pay transfer letter or salary certificate Undated security cheque Previous three-month bank statement Form for DDS registration	Copy of passport with resident visa page Emirates ID Latest salary certificate or transfer letter Last 3 or 6 month bank statement Existing loan liability letter from the bank Undated security cheque	Passport with resident visa page Emirates ID Latest salary certificate or transfer letter Undated security cheque

Note: Additional documents may be required by the bank. Ensure all your documents are valid for a faster application process.

How to Apply for Emirates NBD Personal Loan via Policybazaar UAE ?

Although there are various ways to apply for a personal loan, we have come up with the easiest one! As we don’t want you to juggle between sites to explore options, we bring all the key details to you on a single page for better navigation and easy application process.

Here are the steps to apply for an Emirates NBD Personal Loan on our website -

Click on ‘apply now’ below.
Fill out the form with details like your city of residence, full name, monthly income, and more.
Have a look at the top personal loan quotes.
Select the Emirates NBD personal loan plan and apply for it.

One of our customer service specialists will contact you and guide you through the remaining formalities.

Benefits of applying for an Emirates NBD Personal Loan for Expats and UAE Nationals through Policybazaar.ae-

Comprehensive Information: All the detailed features, benefits, eligibility criteria, and documents required are available on a single page
No hidden charges: Transparent application process with no hidden fees.
Easy Navigation: Quick navigable application process.
Security: Encrypted platform that protects your identity and ensures safety of every transaction.
Comparisons: All the information served right in front of you to compare and select a suitable option.
Special offers: Take advantage of the ongoing offers and benefits while applying for the loan.
24*7 support: Round the clock support available with real-time solutions.
Loan Calculator: Use the Personal Loan calculator to check your monthly installments.

How to Calculate Emirates NBD Personal Loan Monthly Instalments

Calculating your monthly installments is now easier than ever with Policybazaar.ae personal loan calculator. Scroll down the page to locate the EMI calculator. To use it, you need to fill in these details -

Loan Amount
Interest Rate
Loan Tenure

Your monthly installment will be displayed instantly, saving you time and effort. Also, you won't be required to fill out some complex forms or make calculations.

Emirates NBD Personal Loan Calculator

Things to Know About Emirates NBD Personal Loan for UAE Nationals and Expats

Here are certain things that you should keep in mind before applying for Emirates NBD Personal Loan-

Browse through the list of documents required and all the fee charges involved when you get a loan.
You can incur a late fee if you fail to make the monthly payments on time.
Missing repayments can affect your credit Score badly, limiting your access to loans in the future.
If you are unable to pay a monthly installment, it’s better to apply for a deferment in advance (allowed twice a year).
Remember, if you defer your payment, you may need to pay more interest and the loan will take longer to pay back.

Frequently Asked Questions

Ans: Yes, as an expat, you can easily take out loans from Emirates NBD in the UAE. These loans will help you fulfill financial needs, including education, marriage expenses, or any unexpected needs.

Ans: The minimum salary should be AED 5,000 to apply for Emirates NBD Personal Loan for UAE Nationals and Expats.

Ans: No, you cannot as the minimum salary requirement is AED 5,000.

Ans: There might be a chance that you see banks offering loans with an income of AED 4,000, but they don’t actually offer such loans and demand a minimum salary of at least AED 5,000.

Ans: You can get a loan of up to AED 4 million with Emirates NBD .

Ans: The documents required include Emirates ID, updated security cheque, valid salary certificate or salary transfer letter, passport with resident visa page (for expats), and bank statements.