Al Qard al Hassan
Interest-free loans for UAE Nationals. Borrow up to AED 50,000 with minimum hassle
Interest-free loans for UAE Nationals. Borrow up to AED 50,000 without any fees
Al Qard al Hassan
NBQ offers Al Qard Al Hassan interest free loan to UAE Nationals. NBQ makes it easy and convenient for new to bank borrowers to apply for this loan without any hassle.
Features and Benefits
- Finance amounts up to AED 50,000
- No processing fees and no interest charges on your loan
- Repayment period up to 12 months
- Free Debit / ATM Card
- Free NBQ Classic or Gold Credit Card
- Higher loan amount can be obtained with reduced interest rates
Eligibility
UAE Nationals who are:
- Working in the Government sector and transfer their salary to NBQ Account
- New NBQ customers
- Minimum salary criteria applies
- Available to customer minimum 21 years of age and 55 years of age at maturity of loan
Documents Required:
- Valid Copy of Passport and Emirates ID
- Financial documents showing your monthly salary transfer (e.g. Salary Transfer Letter, Bank Statement)
- Other documents may be requested at the discretion of the Bank.
Terms & Conditions Apply
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The Scheme is developed by the Central Bank of the UAE to address excessive debt burden of the most indebted UAE Nationals.
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