Features and Benefits

• Loan up to 20 times of your monthly salary **
• Payment holiday up to 6 months *
• Repayment tenor up to 60 months and can ** 
• Attractive rate of interest (Base Lending Rates)
• For long-term loans (people in all sectors), the possibility of repayment is up to 300 months
• Enjoy 4 installments deferment per year*  and 2 EMI for long tenor loans
• Consolidation of all liabilities in one loan (Applicable to All UAE Nationals working in all segments)
• Low interest rate starting from 2.55% flat p.a up to 6.85% 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 Nationals
• Salary transfer to NBQ is required
• Available to customer minimum 23 years of age and 65 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
• 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

* doesn’t apply for long tenure loans

** MOD employees up to 15 Multiples of the monthly income and up to 60 months tenure

Key Facts Statement