How to Apply for Emirates NBD Personal Loan at Low Rates of Interest?

Emirates NBD is a banking champion with the ability to deliver an enhanced value throughout the corporate, private, retail, investment, and Islamic banking across the UAE. Currently, the bank has around 234 branches in the UAE. It offers a wide variety of banking products and services to its customers.

A personal loan is one of the products offered by the Emirates NBD Bank. This Emirates NBD Personal Loan. helps in offering you funds for fulfilling your dreams. Hands down, we all might need a personal loan at some point in our lives. It can be for various reasons such as vacation, renovation, making lump sum payment, education, wedding, and more. But, the burning question is how to apply for this personal loan?

How to Apply for this Emirates NBD Personal Loan?

You will be able to apply for this personal loan through the online portal, phone banking, as well as by visiting the branch of the bank.

Phone Banking

In order to apply for Emirates NBD personal loan, you can contact the bank using the phone banking option. You can call on the official contact number of the bank which can be found on the official website.

Online Banking

You can apply for this personal loan through the online banking portal of the bank by filling the application form online.

Branch Application

You can also visit the nearest branch of Emirates NBD and apply for the personal loan you wish to obtain.

What All Should Be Consider While Applying for this Personal Loan?

Here are the factors that should be considered while applying for this personal loan.

Features and Benefits of the Loan

Before applying for this Emirates NBD Personal Loan, you must check all the features and benefits that come along with the loan. Read these benefits and features on a reliable website or the official website of Emirates NBD. Go through the repayment tenure, maximum loan amount, grace period, etc. carefully.

Going Through the Interest Rate & Other Charges

Go through the Emirates NBD personal loan interest rate while applying along with other fee and charges that include the processing fee, cancellation fee, re-scheduling charge, early settlement fee and more. The rate of interest on personal loans at Emirates NBD starts from 4.99% (reducing). Reducing the rate of interest refers to the rate that alters as per the outstanding balance of the personal loan. With the borrower making each payment, this outstanding amount keeps reducing and so does the rate of interest.

Checking the Eligibility Criteria

One of the most important things while applying for a personal loan is the eligibility criteria. To be able to apply for the loan, you must meet this eligibility criterion which is set as per the discretion of the bank. This includes your age eligibility, salary transfer, employment status, minimum income, and credit Score.

Submission of the Documents Required

To apply for Emirates NBD Personal Loan, you should submit the required documents to the bank. The documentation at Emirates NBD is a pretty easy and quick process. These documents include your identity proof, passport, visa, residence proof, salary certificate, and bank statements. Your loan will get approved only after the verification of your documents.

Loan Approval

At Emirates NBD you can enjoy easy and quick personal loan approval. If you fulfill the eligibility criteria set by the bank and after your documents are submitted and verified, the bank on its discretion will approve your loan. After the approval, the bank will hand over the funds to you for use.

In a Nutshell!

Emirates NBD Personal loans help in making your dreams come true. They are available at low Emirates NBD personal loan interest rate with unmatched benefits and features. Although applying for this loan is not very difficult, however, it is not a child’s play either. With the help of the above-mentioned details, you can easily apply for this personal loan.