Overdraft

Instant cash support up to twice your salary

Pay interest only on the amount you use
Money transferred to your account instantly

Let us help you with your loan

Instant cash loan to help you tide over an emergency

For employers listed and not listed with us
Cheque bounce protection
Minimum net income: AED 3,000

Key benefits and highlights

  • Interest rates of 1.5% per month or 18% per annum
  • Overdraft against 90% of fixed deposit limit with Emirates NBD
  • No waiting period for salary transfer accounts; for non-salary transfer accounts, the first salary needs to be credited
  • 12-month validity, renewable based on account performance and salary credits
  • Interest charged only for the amount used and the number of days the overdraft is taken for. For instance, if your overdraft limit is AED 10,000 and you’ve used only AED 1,000 for 7 days, at the rate of 18% per annum (1.5% per month), you’ll be charged approximately AED 3.45 interest for that month.
  • Once cash or salary is credited to the account, it will be considered as payment against the overdraft
  • If you are working with a non-listed employer, you can apply if your salary is above AED 6,000, have worked in the same company for minimum 6 months and transfer your salary to us for a minimum of 6 months
  • No need for documentation if you have a personal loan with us or transfer your salary to us

Calculate your monthly OD Interest payments

AED 5,000 AED 100,000
1 days 31 days

You can borrow {0} Personal Loan

with monthly payment as low as

AED  

Benefits of getting an overdraft with Emirates NBD

Cheque bounce protection

Ideal for emergency cash requirements

Easy repayment options

Pay only for the amount and the time period used

Easy documentation

Instant cash support

Up to 2 times your net monthly salary

90% of the Fixed Deposit under lien with us

Eligibility

Minimum salary: AED 3,000

Minimum length of service for salary transfers: zero

Minimum length of service for non-salary transfers: 6 months

Customers working in listed & non-listed companies are eligible

Documents required to apply

  • Passport & EID
  • Salary certificate
  • Security cheque
  • Please ensure you have all the documents in the above checklist so we can process your application faster
  • We may require additional documents, if needed, based on the bank’s discretion
  • Passport & EID
  • Salary certificate
  • Security cheque
  • Please ensure you have all the documents in the above checklist so we can process your application faster
  • We may require additional documents, if needed, based on the bank’s discretion

Apply for an Emirates NBD loan and be part of the most innovative bank in the region


What our customers are saying:

"I love the convenient way of sending money to the Philippines. Services such as paying other bank credit cards in the UAE are also time saving. Thanks #EmiratesNBD"
Vivian Hermandez Lim

Things you need to know

Borrow wisely and ensure you go through the list of documents for all the fees and charges you'll incur and the terms and conditions involved when you get a loan from us. 

  • If you do not meet the monthly repayments on your loan, your account will go into arrears and incur late payment fee.
  • When you miss repayments, this could affect your credit score and limit your ability to access loan/financing in the future.
  • When you refinance your loan or avail installment deferments, it may take longer to pay off than your previous loan. It may also result in paying more interest.

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