In line with CBD’s commitment to help UAE Nationals to manage their debts better, we are pleased to announce our participation in UAE Central Bank’s initiative on Nationals Loans Scheme.
Nationals Loans Scheme is an initiative by UAE Central Bank aimed at easing the debt burden of UAE Nationals by helping them in managing their debt settlements.
National Loan Scheme | Criteria |
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Origination Date | Origination date of the loan should be before MAY 2011 |
DSR with CBD | DSR with CBD should be greater than 50% for regular customers and for Pensioners greater than 30% |
Tenure | Tenure should be > 4 Years for regular customers and for MOD customers tenure should be > 5 years |
Consent | Customer’s consent to be taken for participation in the NLS scheme |
Additional Facility | No additional facility to be granted to customers opting in under this scheme for the rest of the tenure of the facility by primary bank, any secondary bank or financial institution or finance company |
Interest rate/Profit rate | Interest rate/Profit rate to be reduced to 3M EIBOR. |
For more information call CBD contact centre or email us at [email protected]
We kindly request you to carefully read and understand this document if you are applying for a National Loan from Commercial Bank of Dubai.
Learn moreProduct details given above are for the initial reference purpose only. Approval of any loan or facility will be at a sole discretion of CBD. Personal Loans are subject to Terms and Conditions as stipulated by CBD and the regulatory authorities in the UAE.
Please contact our call centre 600 575 556 for checking your eligibility for CBD Personal Loan and detailed Personal Loan terms as product availability depends on terms stipulated by the Central Bank as well as on the Bank’s internal credit policy.
Please carefully read all terms and conditions on CBD Personal Loan application form and also on Personal Loan agreement (both to be signed by you) as well as CBD General Terms and Conditions for avoiding any disappointments. You may also consult our Personal Loan Executives/Advisors as well as our representatives in branches or call centre for details or explanations, if required.
If you do not meet the repayments/payments on your credit card/loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future. For complete product details and warnings, please refer to the Key Facts Statement.
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