• What does EIBOR stand for?

  EIBOR is the "Emirates Interbank Offered Rate" or essentially the national base interest rate

• How often does my interest rate change?

  The FlexiLoan is reviewed every month or 6 months, based on your choice. Your base interest rate will be refreshed to reflect the current EIBOR rate for the period you have selected.

• Why is variable pricing worth considering?

  A variable rate can be lower than a fixed rate. The cost of your loan is based on the reducing balance, and you also get a guaranteed reduced interest rate for the first 6 months of your loan to save you more.
  That’s not all – you will also be offered a first year free Premium Credit Card* of your choice with all its exclusive benefits. Existing Cardholders will receive a free renewal.
  *Applicable on loans of AED 150,000 and above

Who can apply?

Parents of prospective students or working professionals who are already pursuing or would want to pursue executive programs while working:

• UAE Nationals and Expats with a valid UAE residency

What type of education is financed?

• University education in the UAE or abroad
• Executive programs for working professional

Student wishing to apply for a summer internship opportunity would need to submit their application via email to scholarplus@emiratesnbd.com with the following details:

• Loan applicants name
• Loan account number
• Students Name
• Name of University with Course details
• Area of interest in the Bank
• Max 250 word essay topic “Emirates NBD should hire me as their Summer Scholar because……”

• Passport, Visa & Emirates ID of applicant
• Income documents of applicant
• Proof of enrolment / copy of Student ID card
• Passport copy of the Student & relationship proof of applicant and student
• Fee Invoice / Quotation from the educational institution

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Salary to be transferred to Emirates NBD (For non-Salary Transfer Loans, click here)
• Minimum salary of AED 5,000
• Customer's employer must be on Emirates NBD's Approved List (For non-listed Employers, click here)
• Minimum 6 months length of service

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Loan Tenure of 48 months.

Eligibility:

• 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:

 Valid Passport Copy with Idbara page & Emirates ID

 Latest Salary Certificate / Salary Transfer Letter

 Undated Security Cheque

 Latest 3 Months Bank statement

Terms & Conditions:

Additional Notes:

• This document checklist contains the list of all the essential documents required to process your request.
• If any of the required documents as per the checklist are missing, the process of the application may be delayed.
• Additional documents may be required at the Bank's sole discretion.
• Please ensure all documents are in order as per the checklist before visiting the branch, for quick processing and faster turnaround times.

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Minimum of 12 months banking relationship
• Minimum 6 salary credits with 6 months length of service with current company
• Minimum salary of AED 10,000 when you have an existing credit card or Auto Loan with Emirates NBD
• Minimum salary of AED 12,000 for bank account holders with no credit card or Auto Loan with Emirates NBD

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Minimum salary of AED 10,000
• Minimum age of the borrower must be 21 years
• Loan eligibility criteria will be based on income derived after adding back rental income or sponsorship fee

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Existing loan should be regular and current
• All other existing top-up criteria applicable for processing the additional loan

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Minimum salary of AED 10,000
• First salary to be credited to account with Emirates NBD
• Employer must be on Emirates NBD's Approved List

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Gratuity/End-of-Service Benefit amount to be specified in the Salary Transfer Letter
• Minimum monthly salary of AED 3,000
• Minimum loan amount of AED 10,000
• Employment with Emirate NBD's Approved List of Employers

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Main applicant should be employed by Emirates NBD Approved List of Employers
• Co-applicant can be a spouse or a direct relative (son or daughter but not brothers)
• Maximum of one co-applicant
• Minimum monthly salary of primary applicant of at least AED 5,000
• No company listing or Salary Transfer required for co-applicant

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Salary transfer letter from employer with an “Intimation Clause” undertaking to inform Emirates NBD once the applicant's employment ceases with them
• Minimum salary of AED 10,000

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.

Eligibility:

Available to Non-Resident Indians with a valid UAE residence visa Salaried or self-employed Indian Nationals can apply 20% of the Fixed Deposit amount funded by customer Fixed Deposit with Indian partner bank will be marked under lien favouring Emirates NBD

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Proof of employment and salary
• Valid UAE residence visa
• Minimum of 6 months in current job

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• For self-employed professionals such as doctors, architects, chartered accountants and engineers
• Minimum 6 months average balance of AED 20,000
• Minimum period in business of 1 year
• Maximum tenor of 4 years

Customers who are not satisfied with the personal loan have the option of returning it with no fees or charges. The following conditions apply:

• Customer must notify the sales agent/Bank within 7 calendar days.
• The loan proceeds credited to the customer's account are available and have not been withdrawn from the account
• The offer is valid for new applications, without liability settlements (Not applicable to Top Up and Take Over loans)

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.

Eligibility:

• Minimum 6 months average balance of AED 25,000
• Minimum period of business of 2 years
• Maximum tenor of 4 years