Personal Loans - Expat
It's Time to fulfil your personal needs
It's Time to fulfil your personal needs
Personal Loans for Expatriates
We can offer you a personal loan up to 20 times your salary, at an attractive rate of interest. With a repayment period up to 48 months, you'll also receive a free Debit/ATM card and VISA Gold Credit Card.
Features and Benefits
- Loan up to 20 times of your monthly salary
- Repayment tenor up to 48 months
- Attractive rate of interest (Base Lending Rates)
- Enjoy 2 installments deferment per year
- Low interest rate starting from 3.28% flat p.a up to 3.80% flat
- Free life insurance covering entire outstanding amount
- Free Debit/ATM card
- Minimum salary criteria apply.
Fees and Charges
Processing Fees 1% of Loan Amount, minimum AED 500 & maximum AED 2,500.
Eligibility
- Available to Expatriates
- Salary transfer to NBQ is required
- Available to customer minimum 23 years of age and 60 years of age at maturity of loan
- Minimum service period of at least 3 years with your current employer
Documents Required
- Copy of valid emirates ID and passport with residence visa.
- 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
Warning:
- You may have to pay penalties if you pay off a loan/financing early.
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
- Refinancing your loan/financing may take longer to pay off than your previous loan/financing and may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit.
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