Personal Loan - Expatriates
| Islamic Finance | No |
| Minimum Salary | AED 10,000 |
| Minimum Age | 25 years |
| Maximum Age | 60 years |
| UAE Nationals Eligible | No |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Must be employed by a NBQ-approved employer with a minimum AECB score; monthly salary and EOSB must be transferred to NBQ. |
| Minimum Loan Amount | AED 20,000.00 |
| Maximum Loan Amount | AED 1,000,000.00 |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 6.80% - Indicative reducing balance rate starting from 6.80% up to 11.25% per annum. |
| Processing Fee: | 1.05% - 1.05% of loan amount (inclusive of VAT), with a minimum fee of AED 525 and a maximum of AED 2,625. |
| Early Settlement Fee: | 1.05% - 1.05% of outstanding balance, capped at AED 10,500. |
| Late Payment Fee: | 210.00% - 2.10% of delayed amount (inclusive of VAT), with a minimum of AED 52.50 and a maximum of AED 210. |
| Insurance Fee: | N/A - Mandatory life insurance premium; the premium is paid upfront by the bank. |
Required Documents
Passport, Emirates ID, salary certificate, bank statements, and employment confirmation.
Additional Benefits
Competitive APR starting from 8.78% with flexible repayment options.
Features:
Available in both conventional and Islamic variants; EMI-based repayment; life insurance included.
General Notes
Offer subject to full credit assessment and documentation. A cooling‐off period of 5 business days applies.
