Emirates NBD Personal Loan in Dubai, UAE

One of the most demanding names in the offering of banking services in Dubai is Emirates NBD. A huge popularity of this loan is its specifications of personal loan. This loan kind is available for every national & expat if they properly submit the application with all documentation. In addition to providing funds, this bank also gives free insurance when you avail a loan. The interest rates are very competitive, so the repaying of the amount is not a burden for you. Sometimes, borrowers face difficulty in the application process of getting a loan through a bank. But, for your convenience, the financial company Karz also helps all such individuals and guides them in an easier way for the application for an Emirates NBD personal loan.

Why Choose Emirates NBD for Getting aPersonal Loan?

If you are the finding for the most reliable financial institution in Dubai, you must choose Emirates NBD. The bank offers its financial services all over the UAE. The personal loan is their most outstanding service because of easier to apply and quickly get the approval. As we said its interest rates are competitive and the further good point is that the repayment duration is also longer. You can choose the duration as per your financial budget, so the repaying will not disturb you financially. If your monthly income is more than five thousand AED, you can get the notification of an approved application from the bank in just a few days. The maximum debt amount for the nationals & expats is different. For nationals, the applicants can avail of a debt of four million AED. On the opposite side, the expats can get a maximum personal loan of two million AED.         

Features & Benefits of ENBD Personal Loans:

This loan is impressive due to its amazing features & benefits that every borrower must know when they want to apply for it. It becomes convenient to choose this loan when you need financial help. This most suitable debt option is an impressive choice when you want urgent finances for meeting any of your financial expenses. The features & benefits of Emirates NBD’s personal loans are:   

• The maximum duration of repayments is up to 4 years. This tenure depends on the borrower’s financial profile as well as the debt amount. 
• The interest rate is not higher and it starts from 5 percent. If your monthly income is higher, the interest rate is much lower.  
• In general, the loan comes with both options of flat & reduced rates. And, the exceptional factor is that the flat rate is of 3 percent.   
• The bank gives you both choices of salary transfer and without salary transfer features. Both have their specific benefits. If you select a feature of salary transfer, you will obtain loans with lower rates. And, the benefit of non-salary transfer is that you will get loans without the extra paperwork of transferring your salary.  
• There is a particular fee of 1% for early and also an arrangement fee. And this fee is lower than most of the lenders.     
• This bank allows borrowers to miss two non-consecutive payments in a year and there will be no penalty.  

Although the repayment period is longer, the interest rate is not higher. And, when you apply for this loan through the company Karz, their professionals assist you in finalizing the maximum debt amount and the tenure according to your financial status.  

Eligibility Criteria for ENBD Personal Loan in Dubai:

Besides amazing features, the eligibility criteria are not too strict. You can easily meet them if you know the complete details of them. Look at the below criteria for both nationals & ex-pats:    

• The applicants’ age must be from 21 to 65 years. If your age is lower than 21 years, you are not eligible to get this loan. However, you have an option for student loans also. 
• Your salary income must be more than five thousand AED. 
• All self-employed and salaried applicants are eligible. Even, if you are a new employee in a company, you can also apply for it.  
• Besides these criteria, you should also check the bank’s other criteria of eligibility that they may demand when you want to obtain a loan through them. Their customer services are ideal and they give every information related to loans to their clients. 

Required Documentation for Emirates NBD Personal Debts

With the meeting of eligibility criteria, there are requirements of documents that will be compulsory to the application form. Following are the required documentation: 

• You can apply for the loan application through online or offline mode. It is your choice which mode of applying is suitable for you. Fill out the application form completely, and then apply. There are so many branches of this bank in UAE and Dubai, so you will easily find its nearest branch.  
• The need for personal documents includes Emirates ID, passport, visa, etc. The lender also demands the submission of utility bills that show your name on the bills.  
• For providing the income proof, you need to provide the bank statements of recent few months. Furthermore, it is essential to attach the Salary Transfer Certificate if you want a loan with the transfer of your salary. 
• On the opposite side, for all self-employed individuals, there is a need for a trade license with the bank statements of the last six months. Moreover, providing of your company/business details will enhance your chance of getting approval quickly.