| LOANS
-Personal Installment Loan |
| Wether you’re getting married , consolidating a debt, renovating your home, or considering any other major purchase, NBAD personal loan is the best option to achieve your goals. |
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Features and Eligibility |
- Salary should be transferred to NBAD account.
- Minimum salary is AED 10,000/.
- For both Nationals and resident Expatriates.
- Competitive interest rates.
- Convenient repayment period.
- Grace Period - Up to 60 days for first
* Special policy applied for loan takeover from other Banks |
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| Early Repayment Fees: |
a) Early settlement through own resources 2% of outstanding loan amount (minimum AED 250 )
b) Early settlement through bank take over, 5% of outstanding loan amount (minimum AED 1,000).
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| Fees & Charges: |
- Loan processing fee is 1% of loan amount / (minimum AED 500)
- Installment default fee AED 250
- Installment deferment fee AED 100
- Liability certificate issued to:
- Financial Institutions AED 400
- For other uses AED 100.
- Clearance or no liability letter AED 100.
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| Documents Needed: |
- Valid passport copy.
- Salary certificate addressed to NBAD, not more than one month old.
- Last three months bank statement for new customers
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| *All Loans are subject to Bank’s approval.
For more details call 8002211 or visit any of NBAD branches.
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