Compare Financial Products
Select 2-4 products to compare side by side. See fees, rates, rewards and eligibility at a glance.
| Feature |
National Loan Scheme
|
Personal Loan
|
|---|---|---|
| Loan maturity | — | — |
| Applicant Age | — | — |
| Monthly Installments | — | — |
| Markup Rate(Fixed) | — | — |
| Financing limit | — | — |
| Repayment tenure | — | Flexible repayment period up to 48 months |
| Life insurance coverage | — | — |
| Financed Amount | ||
| Security Deposit | ||
| Minimum monthly income (Salary, ) | AED 8,000 | |
| Eligibility | — | UAE National aged 21-65 at loan maturity, or Expatriate aged 21-60 at loan maturity; confirmed employee or minimum six months length of service with a CBD approved employer; total monthly inc |
| One-time Processing Fee | — | — |
| Annual Charges | — | — |
| Limit enhancement fee | — | — |
| Late payment charges | — | — |
| Loan Category | — | — |
| Maximum Tenure | Tenure should be > 4 Years for regular customers and for MOD customers tenure should be > 5 years | 48 months — CONFLICT on the same page. Features section: 'Flexible repayment period up to 48 months for expats, 60 months for UAE nationals'. FAQ section: '48 Months, as stipulated by the Cen |
| Tentative rate | — | — |
| Additional Benefits | DSR with CBD should be greater than 50% for regular customers and for Pensioners greater than 30% | — |
| Free Insurance & Processing Fee | — | — |
| Interest Rate | Interest rate/Profit rate to be reduced to 3M EIBOR. | Competitive interest rates |
| Loan Amount | — | AED 2,500,000 — 'Maximum loan amount is 20 multiples of your monthly salary or up to AED 2.5 million for UAE Nationals, up to AED 1.5 million for Armed forces, up to AED 1 million for pension |
| Card/Cards | — | — |
| Borrrowing Amount | — | — |
| Educational Loan | — | — |
| Return Policy | — | — |
| Deferment Conditions | — | Deferment facility |
| Flat rate | — | — |