Emirates NBD Personal Loans for Self Employed Individuals

Emirates NBD
Personal Loans for Self Employed Individuals

Salary Transfer Required?
yes
Minimum Monthly Salary
AED 25000
Fixed Rate
10.4%
Reducing Rate
18.9%
Max Loan Amount
AED 0
Salary Transfer Required? yes
Minimum Monthly Salary AED 25000
Fixed Rate 10.4%
Reducing Rate 18.9%
Max Loan Amount AED 0

Top Reasons To Choose

  • Loan available on 6 month avg balance of AED 25,000

A simple loan option to meet your financial needs even without declaration of end use of funds.

Documents Required

  • Valid Passport Copy with valid Resident Visa page
  • UAE Nationals: Idbara page of UAE Nationals
  • Original Emirates ID and Emirates ID copy
  • Proof of Residency or Utility Bill
  • Credit Card Statements (Where applicable)
  • Latest 3 Months Bank statement
  • Latest Salary Certificate / Salary Transfer Letter
  • Self Employed: Latest 6 Months Bank statement
  • Self Employed: Trade License MOA (Memorandum of Association)
  • Self Employed: POA (Power of Attorney)

Joining Offers

Eligibility

  • Applicable to both UAE Nationals and Expatriats
  • Minimum 6 months average balance: AED 25,000
  • Minimum Length of Business: 2 years
  • Maximum Tenor: 4 years

Detailed Features

  • 7-day Loan Return Option Customers who are not satisfied after the personal loan is disbursed have the option to return the loan for free with waiver of all the fees and charges accrued.

  • Following are the conditions:
    • Customer must notify the sales agent / bank within 7 calendar days
    • The loan proceeds credited in the customer's account will be available and not withdrawn from the account from disbursal date until loan return date
    • The loan amount credited in the customer's accounts will be available and offer will be valid only for fresh cases , without liability settlements (Not applicable on Top Up and take Over loans)

  • Double Insurance Coverage
    • A dual benefit insurance coverage where in the event of unforeseen circumstances, the loan outstanding is repaid by the insurance company and an equivalent amount is given to the customer's next of kin.

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