Credit Bureau Consent, Welcome Offer & General Terms & Conditions
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Emirates NBD Loan for NRIs – Loan against/for NRE Fixed Deposits
Loan for NRIs – Loan against/for NRE Fixed Deposits
Features
- 80%-90% of the fixed deposit amount can be obtained as a maximum loan
- A maximum tenure of 48 months is provided
- Both salaried and self-employed individuals are eligible
- Only NRIs with a valid UAE residence visa are eligible
- Applicant must fund 20% of the fixed deposit amount
- Interest rate starts from 5.29% as reducing rate. Flat rate is calculated by dividing 1.814 from the reducing mentioned.
Benefits
- Can avail loan against deposits
- Provides high finance
Frequently Asked Questions
⭐ Do I get a clearance letter after the loan is cleared?
A. Yes. You can get a clearance letter for free.
⭐ Can I clear my loan partially?
A. Yes. A partial settlement fee of 1% of the amount settled is charged.
⭐ Can I cancel my approved loan?
A. Yes. On canceling the approved loan, AED 50 is charged as cancellation fee.
⭐ Can I get my loan EMI date changed?
A. Yes. You can get your loan EMI date changed.
⭐ Is there any insurance provided on the loan?
A. Yes. 1.24%-1.99% of the loan amount is charged on the credit life insurance provided.
Emirates NBD
In 2007, Emirates Bank International (EBI) and the National Bank of Dubai (NBD), the second and fourth largest banks in UAE, merged to form the banking champion - Emirates NBD. With more than 200 branches and over 900 ATMs and Cash Deposit Machines (CDMs) across the country and overseas, it is globally recognized as the most valued financial services provider in the Middle East. On November 15, 2016, Emirates NBD took over Emirates Money Consumer Finance LLC, becoming a regional consolidation blueprint for banking and finance sector in the UAE.
Corporate Values of the Emirates NBD are:
- Customer Focus
- Service Excellence
- Innovation
- Passion For Performance
- Integrity
- Teamwork
Get in touch with Emirates NBD Customer Care