National Bank of Fujairah (NBF) Personal Loan

NBF personal loans are flexible and have many incredible features to meet the financial requirements of potential borrowers. This loan product is a suitable option for fast and easy access to funds. With a swift application process, you can instantly get approved for a loan.

Keep reading to get a detailed insight of the bank’s personal loan.

What are the Features of the NBF Personal Loan?

The top perks of the NBF Bank personal loan are:

☑️ High loan amount of up to AED 3 million for UAE nationals

☑️ High loan amount of up to AED 1 million for UAE expatriates

☑️ A flexible loan repayment tenure of up to 48 months

☑️ Debt consolidation is available for merging existing personal loans

☑️ Instant processing and simple paperwork for easy loan approvals

☑️ No hidden charges

Are You Eligible for the National Bank of Fujairah Personal Loan?

Given is the eligibility criteria for the NBF personal loan:

Nationality

• UAE nationals and expats can apply

Salary Transfer

• Salaried individuals must agree to transfer their salaries

Tenure of Employment

• Salaried employees must have a minimum job tenure (subject to the bank’s requirement)
• Self-employed individuals must have a minimum business tenure (subject to the bank’s requirement)

NBF Bank Personal Loan Requirements

You must submit the following documents for loan application processing:

✔️Emirates ID

✔️Passport

✔️UAE Residence Visa (for expatriates)

✔️A signed and undated cheque

Apply for NBF Personal Loan via Paisabazaar.ae

Now find your desired personal loan easily without any hassle.Follow these simple steps:

1. Click on the lead form.
2. Enter the required details.
3. You will be taken to the quotes page upon submitting the form.
4. Locate the NBF loan and apply. 

We have stated the top reasons to choose us:

• We have prominent banks listed on our page.
• Compare loans across several banks and choose one.
• Get guidance from our team of experts.
• Quick application process.

National Bank of Fujairah Personal Loan Calculator  

Did you know you can estimate your monthly loan instalment before actually applying for a loan?

Financial institutions have their online loan calculator, which helps in knowing an approximate amount simply by providing a little information. These details include the loan amount, loan tenure, and interest rate. Access this online tool for free from anywhere across the world. Obtain the result in minutes without any errors. Visit Paisabazaar.ae and use our personal loan calculator for making wise decisions regarding which loan to opt for.

Keep in mind: The final applicable interest rate is decided by the bank. Hence, the actual instalment amount may vary from your calculations.

NBF Bank Personal Loan- Fees and Charges

We have provided you with the scheduled fees and charges of the National Bank of Fujairah personal loan in the UAE:

Type of Fees	Charges
Processing Fee	0.5% of the loan amount; Minimum- AED 500 Maximum- AED 2,500
Late Payment Fee	AED 200
Deferment of Instalment	AED 100 per deferment
Early Settlement Fee	1% of the outstanding loan amount or a maximum- AED 10,000
Partial Settlement Fee	1% of the outstanding loan amount or a maximum- AED 10,000
Loan Rescheduling Fee	AED 250
Loan Top Up Fee	1% of the top-up amount; Minimum- AED 500 Maximum- AED 2,500
Other (Audit Confirmation, Issuing Redemption Statements, Loan Copy)	AED 25

NBF Personal Loan- Terms and Conditions

Refer to the National Bank of Fujairah personal loan terms and conditions:

• You are required to make monthly payments of both principal and interest on or before the due date. To avoid late payment charges, please ensure your nominated account is funded at least one working day prior to the EMI date. This applies even if your EMI date falls on a public holiday
• If your loan is based on salary transfer, you must continue transferring your salary to us until the full repayment of the loan and issuance of a clearance letter. Should you change employers, you must notify the bank and ensure that your salary remains assigned to NBF
• All information provided during the application process must be accurate and kept up to date. Any changes in income, employment, or personal circumstances should be promptly communicated to the bank
• Your personal loan will have a set limit that cannot be exceeded. Transactions that surpass this limit may be declined and could incur additional charges
• Failure to maintain timely monthly payments may result in the full outstanding loan becoming immediately due. In such cases, your End of Service Benefit may be blocked and applied toward settling the loan. If you are changing jobs, please contact the bank to make the necessary arrangements
• Early repayment of the loan, whether partial or full, may attract penalties. Late payments may also incur additional charges, including interest and fees
• Please note that any decrease in income does not affect your obligation to repay the outstanding loan amount. Late or missed payments may negatively impact your credit Score
• For loans involving a buyout from another bank, the remaining funds will be held until the bank receives a clearance letter from your previous bank, a Salary Transfer Letter from your employer, and at least one salary credit to your NBF account. Interest and EMI will apply as per the agreed terms

Note: Please visit the bank’s official website for detailed T&Cs.

Frequently Asked Questions