Personal Loans for Salaried UAE Nationals in Abu Dhabi from NIB
Interest Rate: 3.45%
Tenor: 48 months
Eligibility: Minimum salary of AED 5,000
Arrangement fee: 1% of loan amount with a minimum of AED 500 and maximum of AED 2500
Early settlement fee: 1% of outstanding balance
Insurance fee: 0.99%
Salary transfer: Needed
Personal Loans for Salaried UAE Nationals from NIB in Abu Dhabi
NIB UAE National personal loan in Abu Dhabi is a blessing for the nationals mainly due to the remarkably low profit rates and the extent of personal loan which could go up to AED 2 million depending on your salary.
You get to pay an affordable profit rate for the personal loan from NIB without the hassles of a complicated application procedure. You don’t have to transfer your salary to the bank if your salary is more than AED 10,000 but understand that you will be paying a higher profit rate. Free credit card, life insurance cover, loan top-up and transfer of your existing loan from other banks are a few of the benefits you get to enjoy being a NIB customer.
Age over 21 years and being a confirmed employee of a firm for at least 6 months at the time of loan application are the only requirements for applying for a personal loan. Having a salary of over AED 10,000 waives the need to transfer your salary to the bank but the profit rate you pay may be higher.
NIB UAE National personal loans
Noor Bank formerly Noor Islamic Bank has shown consistent growth ever since it started its operations in Dubai in 2008. The steady growth has been facilitated by the systematic working of the bank and its fundamental principles. Not only does the bank cater to the needs of individuals and small businesses but also to large companies and Government institutions. NIB follows the Islamic banking methods and offers its customs a wide array of services and products in wealth management, insurance, retail and corporate banking.
Abu Dhabi – Local currency
Dubai is a vibrant and dynamic business hub the location of which between the Asian and European nations is a major factor for the success of the financial sector in this beautiful country. Tourism is
The local currency in Abu Dhabi is the UAE Dirham or AED or Dhs. that comprises of 100 fils. 1 USD equals AED 3.6725. You can use credit and debit cards everywhere. If you want to exchange foreign currency and travelers’ cheques, you could do it at banks, hotels and licensed exchange counters with a valid passport. Cash of course is the best option if you are shopping at souks (markets) or at small shops.
Applying for NIB personal loans for salaried UAE Nationals in Abu Dhabi is the least complicated process. To get things moving in the right direction, fill in the form on this page and wait for our representative to get in touch with you at the earliest instance.