It is a limit granted on your current account that allows you to withdraw up to this amount even when there is no funds / credits available in your account.

You will be eligible if your salary account is with us and your company is on our approved list for overdraft facility. Your minimum net monthly income must be AED 3,000 per month.

There are 2 types of Overdraft you can choose from:

• Overdraft against salary transfer:
  • Overdraft limit up to 2 times of net monthly salary
• Overdraft against FD:
  • Overdraft Limit will be 90% of the Fixed Deposit. Fixed Deposit with ENBD will be marked under lien for the OD facility.

Once your Overdraft application is processed and approved, limit will be made available in your account immediately if you have an existing salary transfer. Otherwise, limit will be made available after the first salary is credited.

This amount is made available in your account. It can be utilized through the various modes i.e. ATM, cheques, debit card purchases, online transfers, standing instruction payments etc.

OD validity is 12 months (from the date of setup). Based on the account performance and salary credits, the limit will be renewed after 12 months on application.

The best thing about Overdraft is that you will be charged interest only for the amount and the number of days it’s used. In case you have not used the Overdraft amount granted, you will not be charged any interest.

For instance, your Overdraft limit is AED 10,000 and have utilized only AED 1,000 for 7days, at the rate of 18% p.a. (1.5% Per month), you will be charged approximately AED 3.45 interest for that month. (AED 1,000 x 18% / 365days * 7 days)

OD application can be done on the below channels.

• EmiratesNBD Branch
• EmiratesNBD website
• EmiratesNBD Call Center

OD application can be done on the below channels.

• Passport & EID
• Salary Certificate
• Security Cheque

Once cash or salary is credited to the account, it will be considered as payment against OD.

Yes. Security Cheque is required if OD limit is less than AED 50,000, but if you have an existing personal loan with us, security cheque will be waived.

Yes. If you are working with non-listed employer, you can apply provided your salary is above AED 6,000, with a minimum length of service 6 months & having salary transfer relationship with Emirates NBD for minimum period of 6 months.