LOAN

National Loans Scheme (NLS)

Developed by the Central Bank of the UAE

The National Loans Scheme (NLS) was developed by the Central Bank of the UAE, in consultation with UAE Banks Federation and national banks to reduce the debt burden of the UAE Nationals. The bank is committed to reduce the debt burden of UAE Nationals, who have loans originated prior to May 2011, and at present their installments exceed 50% of salary/income and their tenor is more than 48 months.

Bank would be contacting the eligible customers who meet the NLS eligibility criteria.

Eligibility

  • Origination date of the loan should be prior May 2011 & remaining loan tenor should be more than4 Years.
  • Debt Burden Ration (DBR) should be greater than 50% for regular customers and for Pensioners greater than 30%.
  • Customer’s consent to be taken for participation in the NLS scheme.
  • The customer undertakes not to seek any loans or credit facilities from any bank or finance company during the period of repayment of the NLS loan.
  • The customer agrees to cancel all credit cards issued by the bank and other banks and finance companies.
  • Interest rate/Profit rate to be reduced to 3M EIBOR.


*Terms and Conditions Apply

Calculate Your Debt Burden Ratio

Your Current Loans & Credit Cards

Total Monthly Repayments for Personal Loan(s)
Total Monthly Repayments for Car Loan(s)
Total Monthly Repayments for Mortgage(s)
Available Limit For Credit Card(s)
Calculate Your DBR

Calculate Your Debt Burden Ratio

Your debt burden ratio results

Your Debt Burden ratio is below 50%. You are eligible to get another loan. Let us find the most suitable loan for you with our Loan Navigator tool.

Your Debt Burden ratio is 50%. You are eligible to get another loan. Let us find the most suitable loan for you with our Loan Navigator tool.

Your Debt Burden ratio is above 50%. Apply now to reduce your monthly payments with our Debt Consolidation Loan.

Your salary
AED 00
Personal Loan(s)
AED 00
Car Loan(s)
AED 00
Mortgage(s)
AED 00
5% - Credit Card(s)
AED 00
Remaining
AED 00

Apply Now

Enter your details and we will call you back within 24 hours to proceed with your application.

Your application has been submitted successfully

One of our sales representatives will be in touch with you within 24 hours to finalize your application.

We are sorry we can't register your interest right now

Please SMS 'WEB' to 2121 and we will call you back