Without End of Service Benefit Assignment

Without End of Service Benefit Assignment

Min. salary
AED 10,000
Max. Amount
AED 2,000,000
Effective rate
5.99%
We know that there are situations when your employer may not be able to provide End-of-Service Benefits. If your employer does not assign or cannot offer any gratuity benefit, we endeavour to provide possibilities for you to still be eligible to get a loan
View Summary
Salary Transfer
Required
Minimum Tenure
12 months
Maximum Tenure
48 month
Early settlement
1.00%

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Features

  • Easy repayment periods
  • High loan amounts up to 15 times your salary or upto AED 2,000,000
  • Simple documentation
  • Fast processing of loan application

Documents Required

  • Valid Passport Copy with valid Resident Visa page
  • UAE Nationals: Idbara page of UAE Nationals
  • Original Emirates ID and Emirates ID copy
  • Proof of Residency or Utility Bill
  • Undated Security Cheque
  • Credit Card Statements (Where applicable)
  • Latest 3 Months Bank statement
  • Latest Salary Certificate / Salary Transfer Letter

Eligibility

  • Salary transfer letter must be provided by the employer that carries the “Intimation Clause” by which the employer undertakes to inform Emirates NBD, once the applicant's employment ceases with them
  • Minimum salary requirement of AED 10,000