Dubai: Emirates NBD, the largest bank in UAE in terms of assets on Tuesday unveiled its latest finance scheme for UAE nationals - personal loans up to Dh2.5 million at a 9.99 per cent interest rate "to meet their personal financial needs."
The bank also offers an enhanced credit life insurance to personal loan customers that guarantees repayment too. This insurance is a first of its kind in the region, the bank said.
The enhanced credit life insurance means that in case of any unfortunate exigencies, the family of the customer will be paid an amount equal to the loan outstanding.
Saif Al Mansoori, Head of Marketing Consumer Banking & Wealth Management at Emirates NBD, said, "We are confident that the joint offering of attractive personal loans and enhanced life insurance will be very well received by our valuable customers."
