Debt consolidation loans

Consolidate all your outstanding loans into one single loan with NBAD

If you’re a UAE national and looking to reduce your monthly payments to have one single payment, or regain control of finances, our Debt Consolidation Loan can help.

  • Flexible repayment terms

    Up to 144 months

  • Variable interest rates

    Competitive rates available

  • Exclusively for UAE Nationals

    With a debt burden higher than 50% of your monthly salary

Required documents

  • Liability Letter
  • Salary Transfer Letter
  • Bank Statements (6 months)
  • Completed and signed branch application form
  • Copy of valid Passport / Visa / Emirates ID (Originals must also be presented)

In addition you will need to prove that you have an outstanding credit facility granted before May 2011 and a debt burden higher than 50% of your monthly salary.

Fees and charges

Processing Fee 1% of loan amount (min. AED 500, max. AED 2,500)
Processing Fee on Loan Top-ups 1% of the top-up amount (min. AED 500, max. AED 2,500)
Loan Cancellation Fee AED 100 (if cancelled before disbursal)
Life Insurance Fee 0.05% per month on outstanding loan balance
Instalment Deferral Fee AED 100 per deferral
Late Payment Fee   2% of overdue amount (min. AED 50, max. AED 200)
Loan Rescheduling Fee AED 250
Early Settlement Fees   1% of amount prepaid (if partial settlement)
1% of amount outstanding (if full settlement)
1% of amount outstanding, max AED 10,000 (in case of buyout)

Reference Rate For Variable Rate Loans

NBAD Retail Base Rate (RBR)

Enter the amounts and the interest rate

Representative example

Monthly repayment:

AED 0

Borrow, invest or save with NBAD

View our wide range of products, including credit cards, mortgages, investment funds and more.

* Promotional offer valid for a limited period. Terms and conditions apply. All rates quoted are p.a. on reducing loan balance.
Variable rate linked to NBAD Retail Base Rate.

Ways to Apply

Visit a Branch

Talk to our experts about your banking needs

Phone Us

Lines Open 24/7

UAE Helpline

800 22 11

International Helpline

+971 2 635 8001

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