Emirates NBD Personal Loan for Salary Transfer

Emirates NBD salary transfer personal loan is offered at competitive interest rates to meet various needs of the individual– be it home renovation, child’s education, or even a holiday of their choice. The bank also offers salary transfer personal loan for UAE Nationals to provide them financial assistance.

Interest Rate Charged on the Emirates NBD Salary Transfer Personal Loan

The loan can be availed on reducing interest rate starting from 5.49 percent or 2.90 percent flat interest rate per annum.

Features & Benefits of the Emirates NBD Salary Transfer Personal Loan

Given below are the key features & benefits of the Emirates NBD salary transfer personal loan:

• High Loan Amount: The borrower can avail a loan amount of a maximum of 2,000,000 AED.
• Bank Account: Free bank account with a requirement of no minimum balance.
• Seven Day Loan Return Option: If the borrower is not satisfied after the disbursal of the personal loan, they have the facility of returning it for free with all the fees & charged waived off. Please note that the borrower must notify the bank/sales agent within seven calendar days.
• Double Insurance Coverage: The ENBD personal loan is insured under the double insurance. It is basically a partner insurance company that covers the whole amount loan in the event of an untimely death. In such a case, an equivalent loan amount is given to the borrower’s next of kin.

*Note: Some exceptional features & benefits of the Emirates NBD Salary Transfer Personal Loan for UAE Nationals

• Loan Amount for UAE nationals: The borrower can avail a loan amount of a maximum of 4 Million AED.
• Non- Guarantor/Collateral Loan: There is no guarantor/collateral required for availing a personal loan.
• Simplified Process: Easy process & minimal documentation required.

Eligibility & Documents Required For the Emirates NBD Salary Transfer Personal Loan

Eligibility

Minimum Income Required	5000 AED
Other Requirements	Minimum of six months length of service Salary should be transferred to Emirates NBD Applicant’s employer must be on the approved list of Emirates NBD

*Note: UAE Nationals do not require a minimum of six months length of service for availing Emirates NBD salary transfer personal loan.

Documents Required

Proof of Identity/Address	Original & copy of Emirates ID Idbara page of ‘UAE Nationals’ Passport Copy with Resident Visa Page Residency Proof or utility bill Security Cheque (undated) Statements of a credit card (if applicable)
Salaried Individual	Bank Statement of last 3 months Latest Salary Transfer letter
Self-employed Individual	Bank Statement of the last 6 months Power of Attorney Trade License Memorandum of Association
Personal Loan to Minor	Attested copies of co-borrowers/guarantor’s Passport & Visa, Emirates ID, Trade License and Income Details.

Frequently Asked Questions

Q.1. Does my company need to be listed on the list of Emirates NBD?

Ans: Yes, your company must be on the approved list of Emirates NBD to be eligible for a personal loan.

Q.2. Is salary transfer mandatory?

Ans: Yes, your salary must be transferred to ENBD bank account.

Q.3. What if I am not satisfied with the personal loan that I have availed?

Ans: If you feel that the loan provided is not as per your expectations then you have the facility to return it for free within 7 days.

Q.4. What is the maximum tenor available for ENBD personal loan?

Ans: The maximum loan tenor is 48 months.

Q.5. What are the different channels through which I could apply for ENBD personal loan?

Ans: ENBD enables you to apply for a personal loan through any of the ways given below:

• Branches
• Website
• ATMs/CDMs
• Sales Staff
• Online Banking/Mobile App
• Sales Staff