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CBD National Loan Scheme

CBD Bank

National Loan Scheme

View details on bank page

Features

  • Provides UAE Nationals to manage debt
  • In line with CBD’s commitment to help UAE
  • Nationals to manage their debts better
  • Has a Flexible deposit tenures
  • Provides for High loan amounts
  • Advances available No minimum balance requirement

Benefits

  • Provides a good move for managing debts better
  • Facility for easing debt burden for UAE Nationals
  • Makes Debt settlement for UAE Nationals
  • Offers high loan amounts

Overview

  • Commercial Bank of Dubai provides in line with CBD’s commitment to help UAE Nationals to manage their debts better, we are pleased to announce our participation in UAE Central Bank’s initiative on Nationals Loans Scheme.

Frequently Asked Questions

Q. What are the eligibility criteria of the National Loan scheme?

A. he following is the eligibility criteria for the National Loan scheme.
Origination date of loan should be before May 2011
DSR with CBD should be greater than 50% for regular customers and for Pensioners greater than 30%
Tenure should be > 4 Years for regular customers and for MOD customers tenure should be > 5 years
Customer’s consent to be taken for participation in the NLS scheme
No additional facility to be granted to customers opting in under this scheme for the rest of the tenure of the facility by primary bank, any secondary bank or financial institution or finance company
Interest rate/Profit rate to be reduced to 3M EIBOR.

Q. Is customer consent required for the National Loan scheme?

A. Yes, customer consent is required for National Loan scheme

Q. How to check the eligibility?

A. You can contact call centre 600 575 556 for checking your eligibility

Q. Are any advances provided?

A. Yes, advance facility is available

Q. Are deposits flexible?

A. Yes, it provides for a flexible deposit tenures

CBD

Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:

  • Authenticity
  • Simplicity
  • Partnership
  • Innovation
  • Responsibility
  • Excellence

   Get in touch with CBD Customer Care

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