Emirates NBD Bank Debt Consolidation Loan for Expats

  • Minimum Salary AED 10,000
  • Flat Rate
    2.88%
  • Reducing Rate 5.24%
  • Max. Term 4 Years
  • Salary Transfer No
  • Islamic Finance No

Description

With ENBD debt consolidation loan now make all your loan and credit card payments through one simple, yet effective solution. It's time to eliminate all your hassles as you cut down on your monthly payments.

Major Advantage: Manageable payment plan for all your existing debts

Points to Consider: There is fee applicable for early settlement

Features

Major Feature:

  • One manageable payment plan for all your existing debts
  • 1st year FREE Premium Credit Card*
  • Free Bank account & debit card
  • Increased loan eligibility with co-applicant program

 

*Applicable on loan amounts of AED 150,000 and above

 

Minimum Salary Requirement: AED 10,000

Reducing Rate (as advertised): Starting from 5.24% pa

Flat Rate: 2.88% pa

Processing Fees: 1% of the finance amount (Min AED 500; Max AED 2,500)

Maximum Finance Amount: AED 1,000,000

Islamic Finance: No

Maximum Term: 48 Months

Salary Transfer: Not Compulsory

Early Settlement Fees: 1% of the outstanding amount

Insurance: 1.24% (It comes with double credit life coverage)

Holiday Period: Yes, Deferment option to skip two non-consecutive installments per year

Salaried/Self Employed: Salaried only

Documents Required

  • Valid Passport Copy with valid Resident Visa page
  • Original Emirates ID and Emirates ID copy
  • Proof of Residency or Utility Bill
  • Undated Security Cheque
  • Credit Card Statements (Where applicable)
  • Latest 3 Months Bank statement
  • Latest Salary Certificate / Salary Transfer Letter 

 

Additional Info

  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Terms and conditions apply. 

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