Loans For NRIs (Fixed Deposit)

Loans For NRIs (Fixed Deposit)

Min. salary
AED 5,000
Max. Amount
AED 4,000,000
Effective rate
5.99%
We make it easier for you to meet your financial needs without breaking your Fixed Deposit with Emirates NBD or our Indian partner bank. Additionally, with Loan against Fixed Deposit, you will also benefit from attractive interest rates on reducing balance per annum.
View Summary
Salary Transfer
Required
Minimum Tenure
12 months
Maximum Tenure
48 month
Early settlement
1.00%

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Features

  • Loan amount up to 90% of Fixed Deposit amount in AED and up to 80% for INR Fixed Deposit
  • Loan in AED against INR Fixed Deposit
  • Personal Loans rate starting at 3.99%
  • Maximum tenor up to 48 months
  • Salaried and Self-Employed customers can avail this facility

Documents Required

  • Valid Passport Copy with valid Resident Visa page
  • UAE Nationals: Ibara page of UAE Nationals
  • Original Emirates ID and Emirates ID copy
  • Proof of Residency or Utility Bill
  • Updated Security Cheque
  • Credit Card Statements (Where applicable) Salaried Individual
  • Latest 3 Months Bank statement
  • Latest Salary Certificate / Salary Transfer Letter Self-Employed
  • Latest 6 Months Bank statement
  • Trade License
  • MOA (Memorandum of Association)
  • POA (Power of Attorney) Loan to Minor
  • Attested copies of guarantor/co-borrowers Passport and Visa, Emirates ID, Trade License & Income Details

Eligibility

  • Applicable to Non Resident Indians with valid UAE residence visa
  • Salaried or Self-Employed Indian National
  • Customer to fund the 20% of the Fixed Deposit amount
  • Fixed Deposit with Indian partner bank will be marked under lien favouring Emirates NBD