News DeskDubai: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region has introduced a personal loan proposition during the Holy Month of Ramadan in support of the ‘Year of Community’.
The rollout of this offer demonstrates the bank’s commitment to understanding and supporting the financial needs of customers. The personal loan campaign provides immediate financial access to cover increased expenses during Ramadan without disrupting customers’ monthly budget.
Customers that avail of the loan will enter a lucky draw, and 50 winners will be selected at the end of the campaign and stand a chance to receive cashback up to AED 15,000. For every prize amount won, Emirates NBD will donate an equal sum to the Al Jalila Foundation.
The Ramadan Personal Loan offers several benefits to customers, including loan amounts of up to AED 4 million for Emiratis and AED 3 million for Residents, attractive interest rates tailored to individual needs, along with zero processing and insurance fees for Emiratis, as well as complimentary life insurance for Residents. Additionally, Emirati customers have the option to defer their first installment for up to 120 days, while Residents can defer theirs for up to 90 days.
Yousuf Saeed Mohd, Head of Priority Banking and Personal Banking at Emirates NBD, commented: “As a homegrown banking champion, Emirates NBD is proud to introduce this offer during the Holy Month of Ramadan. Our personal loan offer encourages responsible and affordable borrowing so that our customers do not face any financial stress during this holy period. In addition, the campaign gives us the opportunity to give back to the community through the cashback benefit and our charitable donations. With this offer, we are delighted to underline our commitment to the ‘Year of Community’.”
