NBAD Personal Loans for Expats | MoneyCamel

NBAD Personal Loans for Expats

NBAD

NBAD Personal Loans for Expats

Salary Transfer Loan

Avail the reduced interest rate of 5.25% p.a.

CAMEL VIEW
  • No minimum balance NBAD bank account.
  • Grace period of up to 45 days for first installment payment.
  • Minimum salary requirement of AED 7,000.
  • Minimum length of service is 6 months.
FEATURES
Interest/Profit Rate 
5.25 % p.a.
Maximum Loan Amount 
AED 2,000,000
Maximum Loan Tenure 
48 Months
Minimum Monthly Income/Salary 
AED 7,000
Profession 
Salaried
Salary Transfer Mandatory 
Yes
Minimum Tenure in Employment 
6 Months
FEES & CHARGES
Late Payment Fees 
AED 50
Early Repayment Fee 
1 % of Loan Outstanding
Rescheduling Fee 
AED 250
Life Insurance Fee 
0.05 % of Loan Outstanding
Installment Deferment Fee 
AED 100
Loan Cancellation Fee 
AED 100
Liability/No Liability Charges 
AED 100
Processing Fee 
AED 500
ADDITIONAL INFORMATION

25% discount on processing fee for Elite Gold customers.

Free Life Insurance on new Loans for Loan tenor.

Loan cancelletion charge is 1% of loan amount.

Pre-approved free for life NBAD Credit Card.

Hassle-free Loan application process.

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