Personal Installment Loan
Whether 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.
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 installment payment
* Special policy applied for loan takeover from other Banks
Documents Needed:
- Valid passport copy.
- Salary certificate addressed to NBAD, not more than one month old.
- Last three months bank statement for new customers.
Fees & Charges:
Loan processing fee is 1% of loan amount / (minimum AED 500)
Installment default fee AED 250
Installment deferment fee
- 1st Deferral AED 100
- 2nd Deferral AED 200
- 3rd Deferral AED 300
Liability certificate issued to:
- Financial Institutions AED 400
- For other uses AED 100.
Clearance or no liability letter AED 100
Early Repayment Fees:
- Early settlement through own resources 3% of outstanding loan amount (minimum AED 500)
- Early settlement through bank take over, 5% of outstanding loan amount (minimum AED 1,000).
*All Loans are subject to Bank´s approval.
For more details call 8002211 or visit any of NBAD branches.
Personal Installment Loan
