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You must be more than 18 years old and have:
An active UAE mobile number
An Emirates ID
Your passport
Proof of income
A minimum salary of AED 5,000
We offer lowest interest rates on personal loans for UAE nationals who transfer their salaries to our bank. The package includes higher loan amounts, discount on fees and quick and easy processing of application. You can now seek financial assistance in case you are in need of additional funds.
Attractive interest rates starting from 2.55%* p.a. flat
Loan amounts up to AED 4 Million
First Payment Deferment up to 120 days
Terms and conditions apply.
*equivalent to 4.79% p.a. reducing
*Rates and benefits will be applicable based on the customers segment, their eligibility and borrowing capacity as per the banks credit policy and central bank regulation.
Calculate how much your monthly installments will work out to be for your Personal Loan
No collateral or guarantor required
Free Bank Account with no minimum balance requirement
How much would you like to borrow?
Amount AED
AED 30,000 AED 4,000,000
Tenor Months
1 year 4 years
AED 5,005
Your approximate 'Equated Monthly Installments (EMI)'
Debt Consolidation under One Pay
Effective rate: 5.99% p.a. Terms and conditions apply. Interest rates vary by tenor & subject to bank policy.
This is an estimate based on the amount you are looking to borrow for the selected tenor. The minimum and maximum amounts you can loan along with the minimum and maximum tenor is mentioned on the sliders.
Switch your Personal Loan
Do you have an existing loan with another bank? Transfer & Save.
Start saving on your monthly installments. Switch your existing Personal Loan to Emirates NBD and take advantage of our Low interest rates and Higher loan amounts with added benefits.
Fixed Rate - starting from 4.49% p.a. (reducing), 2.38% p.a. (flat)
Salary: Minimum AED 5,000
Length of service: Zero
Loan amount: from AED 25,000 to 4 Million
Tenor: 12 Months up to 48 Months (60 months for MOID/Armed Forces)
Personal Loans Top-up
Want to do more with your funds? Top-up now.
We do our best to accommodate your ever-changing financial needs with our Top Up Programme for our regular-paying Personal Loan customers who need additional finance.
Competitive Fixed & Flexi interest rates can be offered
All existing Personal Loan customers who have paid a minimum of 3 months* loan installments
*Terms & Conditions apply
Credit life Insurance (CLI)
Minimum salary requirement : AED 5,000
Minimum Length of Service : None
Salary should be transferred to Emirates NBD
Employer must be on Emirates NBD's Approved List of companies
Find out the list of documents required with your Personal Loan application:
Terms & Conditions:
Additional Notes:
What are people asking?
Personal loans can be used to finance anything from funding an unexpected medical emergency, marriage, home renovation to even education fees.
You most definitely can. But an asset will only build if its value grows higher than the rate of interest paid by you on the loan. So, a Personal loan that you take for your child's education will fetch you greater returns in the future than investing in a Plasma/ LCD television, which depreciates with time. A well planned Personal loan can go a long way in creating personal wealth.
Most banks prescribe certain limits on Personal loan based on your income and ability to repay. However, it is always advisable to borrow an amount that you will be able to safely repay without much discomfort.
You can easily pay your Personal loan on the basis of a repayment schedule issued to you by the bank. Be realistic about your ability to repay every month. Don't depend on uncertain future earnings, nor try to overstretch your payback capability. Remember, easy repayment is in your hands.
When you take a Personal loan, you are making a commitment not only to repay, but repay within a specific time schedule. This is called as a loan amortization schedule. This will help you keep a track of the amount that you pay in principle and interest every month. Always insist on an amortization schedule from the bank and keep it carefully, as you may need to refer to it from time to time.
Personal loans can be used to finance anything from funding an unexpected medical emergency, marriage, home renovation to even education fees.
You most definitely can. But an asset will only build if its value grows higher than the rate of interest paid by you on the loan. So, a Personal loan that you take for your child's education will fetch you greater returns in the future than investing in a Plasma/ LCD television, which depreciates with time. A well planned Personal loan can go a long way in creating personal wealth.
Most banks prescribe certain limits on Personal loan based on your income and ability to repay. However, it is always advisable to borrow an amount that you will be able to safely repay without much discomfort.
You can easily pay your Personal loan on the basis of a repayment schedule issued to you by the bank. Be realistic about your ability to repay every month. Don't depend on uncertain future earnings, nor try to overstretch your payback capability. Remember, easy repayment is in your hands.
When you take a Personal loan, you are making a commitment not only to repay, but repay within a specific time schedule. This is called as a loan amortization schedule. This will help you keep a track of the amount that you pay in principle and interest every month. Always insist on an amortization schedule from the bank and keep it carefully, as you may need to refer to it from time to time.
It's safe, but only if it is from a reputable bank. Make sure you have understood all their terms and conditions correctly. Do not get pressurized to take hurried decisions. Ask for as much information as you need.
The following factors must be considered before taking a Personal loan:
Often, the lowest quoted EMI could actually lead to longer payment periods. A high loan amount instead of helping you might become a burden, and fast processing may force you to take a hasty decision, without complete information.
The key to finding a bank that you can trust is to do plenty of research. Talk to your associates and friends about their experiences with a particular bank. A reputable bank will ensure that you have a peace of mind and a pleasant banking experience. Here are some facts that you must consider while choosing your bank:
With a network of over 227 branches and 1,065 ATMs, Emirates NBD has a customer base of over 100,000 personal loan customers.
At Emirates NBD you have a choice to return the Personal loan within 7 days without any charges (conditions apply), if you feel that the loan provided is not as per your expectations or any of the terms and conditions are not favourable to you.
Any Personal loan that you take from Emirates NBD is automatically insured at a nominal cost. In the case of an untimely death, it´s the partner insurance company covers the whole loan amount thereby saving the family from any burden
Customers having less than 6 months Length of service/fairly new residency in U.A.E.
Processing unit may request for additional/supporting documents on case to case basis.
Yes, the processing fees will 1% as lined with policy.
Up to 15 multiples.
The product itself does not have a CC attached to it then customers can opt for a CC through a bundle offer.
Yes, Salary transfer is mandatory.
In Normal Personal loan TAT of approx. 2 working days.
The higher the risk is higher the rates.
1% early settlement fees in line with the policy.
Loan cancellation can be requested as per our 7 Day loan return policy and this can be requested either through Branch or same sales representative.
The following are the requirements to avail a Personal Loan with Emirates NBD
The following are the requirements to avail a Personal Cash Loan with Emirates NBD
The maximum loan tenor for Personal Loan is 48 months. However, this is with the exception of Ministry of Defense Nationals, whose maximum tenor is allocated at 60 months
As a UAE National, you have the facility to turn your extra, rental income or earned sponsorship fee into a loan opportunity and get additional financing for any anticipated or unexpected expense with our Additional Income or Co-Applicant schemes. Click here to know more
If your salary is not transferred to Emirates NBD, you still have the provision of availing our Personal Loan by applying for a Non-Salary Assignment Loan. Please see program site for detailed information. Click here to know more
Emirates NBD enables you to apply for a Personal Loan through an array of channels which are listed as follows:
It takes a minimum of 2 working days to process a Personal Loan
Installment Deferral is the delay or suspension of repayment of a personal loan's monthly installment.
The requirements to avail an installment deferral are as follows:
You can apply for an installment deferral via Online Banking, by visiting any Branch or the Call Centre
AED 100 is charged per deferment
The time frame that it takes to process an installment deferral is within 2 working days.
You can avail up to 2 non-consecutive deferments
You have to inform the Bank at least 4 days before the loan monthly installment is due in-order to process the installment deferral request
This is an option for you to close or settle your existing Personal Loan with your own cash or through another bank, prior to completing the tenure you had originally planned with Emirates NBD.
We do not have any requirements and you are free to foreclose your loan when repaying through your own cash source.
In the case of settlement with cash, you can apply via our Online Banking, by visiting any of our Branches, or the Call Center.
The requirements to avail a loan foreclosure/early settlement through another bank is, an offer letter from the subject competing financial entity. A Liability / No liability letter must be submitted as well, at the branch together with your Passport copy / Emirates ID copy.
You can apply for a loan foreclosure/early settlement through another bank's settlement via any Emirates NBD branch.
Early Settlement Fee of 1% of the loan outstanding amount is charged for a loan foreclosure/early settlement
The Bank requires a minimum of up to 2 working days to process a loan foreclosure/early settlement
The Bank needs to be informed at least 4 working days prior to the loan monthly installment.
Partial settlement is an advance payment or partial payment against the loan outstanding amount
There are no requirements to avail a partial settlement of Personal Loan.
In the case of partial settlement of your Personal Loan, you can apply via our Online Banking, by visiting any Emirates NBD Branch, or through the Call Center.
Pre-payment fee of 1% of amount paid applies for a partial settlement.
It takes up to a minimum of 2 working days to process a partial settlement of your Personal Loan
You can avail as many partial settlements as you may see fit.
The Bank needs to be informed at least 4 working days prior to the loan monthly installment.
Once you make a partial settlement the amount paid will be adjusted towards the loan balance. In most cases, the EMI remains the same but the loan tenor is adjusted.
A No Liability Letter is a letter issued by the Bank, evidencing that the customer has no active liabilities with the Bank.
Yes, you will have to submit the requisite form(s), duly completed to apply for a No Liability Letter. On a case to case basis, other documents might be requested through the branch.
A Liability Letter is a letter issued by the Bank, stating all the active liabilities a customer has with the Bank.
Yes, you will have to submit the requisite form(s), duly completed to apply for a No Liability Letter. On a case to case basis, other documents might be requested through the branch.
You can submit the application for Liability / No Liability Letter at your nearest Branch, Call Center OR through Online banking. On successful completion of your application, you will be provided with a reference number to track your request.
Clearance Letter states that a specific liability has been cleared while a No Liability Letter states the customer has no existing liabilities.
Yes, a fee of AED 50, as outlined in the Schedule of Fees and Charges on Bank's official website is applicable.
Liability / No Liability Letter will be issued within the bank's defined service standard of 7 (seven) business days.
Settlement of liabilities letter for a Personal Loan is a letter stating that the liability has been cleared.
As soon as the letter is ready, you will receive an intimation message on your registered mobile number.
The requirements to avail a settlement of liabilities letter is a signed request from, maintaining the fee amount in the account. However on a case to case basis, other documents might be requested for by the branch.
The letter can be collected from the nearest branch based on your convenience, except mall branches. Click here for branch locations
You can apply through any of our Branches for a settlement of liabilities letter
Liability / No Liability Letter is valid for 15 days from the date of issuance
The branch can assist you with how to apply for settlement of liabilities letter. Complete the application form and you may be given a reference number by the branch staff.
A fee of AED 100 applies for acquiring a settlement of liabilities letter
It takes up to a minimum of 6 working days to process a settlement of liabilities letter
The mode of payment is arranged at the time of loan application and we do not modify the mode of payment.
The clearance letter for a Personal Loan is proof that the customer has settled his personal loan in full.
The requirements to avail a settlement of liabilities letter is a signed request from, maintaining the fee amount in the account. However on a case to case basis, other documents might be requested for by the branch
You can acquire a clearance letter via our Online Banking, any Emirates NBD Branch or through the Call Center
Visit the nearest branch and provide the full requirements. Complete the application form and you may be given a reference number by the branch staff.
The first clearance letter is Free of charge. However AED 100/- is charged if your require a second letter.
If you miss/default a loan instalment/EMI payment please contact our Collections Department at 600 54 0040.
You can close your loan at any time during the loan term, or once the term gets matured. To know more details, please visit any of our Emirates NBD branches or simply by calling us at our Customer Service Centre on 600 54 0000.
Yes, you have the option for an early settlement on your personal loan however appropriate fees would apply.
You can know the status of your loan by calling us at our Customer Service Centre on 600 54 0000.
Settlement of your loan would be based on the current principle amount.
Most of the benefit transmutes into reduced payment tenor.
A personal loan settlement takes up to 5 working days from the date you place a request for closure.
In an early settlement of your personal loan, you will be required to pay the loan principal outstanding amount, and an additional early settlement fee which is 1% of the principal outstanding.
To apply for a clearance letter, you can visit any of Emirates NBD branches or simply by calling us at our Customer Service Centre on 600 54 0000.
You can place a request for a clearance letter/ no liability letter simply by calling us at our 24/7 Customer Service Centre on +971 4 316 0333. However, the physical letter will only be handed over to you.
Yes, there is a nominal charge of AED 50 for a no-liability letter.
You can visit any of Emirates NBD branches or simply by calling us at our Customer Service Centre on 600540000.
Yes, an Early Settlement Fee of 1% of the loan outstanding amount is charged for a loan foreclosure/early settlement.
Yes you can apply for an early settlement or partial settlement via Emirates NBD Online banking account. Below are the steps that are to be followed to place a request.
To know more details about how you can settle your Personal loan, please call us at our Customer Service Centre on +971 4 316 0333.
Yes, you can apply for deferment. Please note that installment deferral is a delay or suspension of repayment of the Personal loan's monthly installment. The deferment may result in an increase of the current installment amount, stated in the loan agreement and repayment schedule.
Yes, there is a nominal charge of AED 100 deferment fee.
You can avail up to 2 non-consecutive deferments.
Get your personal loan with incredible offers and low interest rates
Start and grow your banking relationship today with the Best Retail Bank in the Middle East and get rewarded.
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 the waiver of all fees and charges accrued. Following are the conditions:
Credit life Insurance (CLI)
Credit life Insurance (CLI) is a personal life insurance cover provided under the Group Credit Life Insurance policy where, in the unfortunate event of borrower’s death, the outstanding loan amount will be covered under this insurance scheme by the insurance company*.
*Subject to Terms of the policy, Terms & Conditions apply.
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