Emirates NBD offers Personal Loans against End of Service Benefits.

1 Min | 20 December 2010

Emirates NBD, the leading bank in the region, announced today, that its salaried customers can now avail of personal loans against the End of Service Benefit (EOSB) amount owed to them.

Salaried customers can avail up to 90 per cent of EOSB amount

Dubai, December 20, 2010: Emirates NBD, the leading bank in the region, announced today, that its salaried customers can now avail of personal loans against the End of Service Benefit (EOSB) amount owed to them.

The new product underlines the bank’s commitment to meet customer needs and provide them with financial solutions tailored to their requirements. It also marks yet another landmark initiative from Emirates NBD to increase lending, while at the same time adding to their expanding portfolio of innovative products and services.

The personal loan against EOSB is available to all Emirates NBD customers who have a salaried account with the bank. Applicants must earn at least AED 5,000 per month to be eligible for this facility. Personal loans can be availed for up to 90 per cent of the EOSB amount. The minimum loan amount that can be taken is AED 10,000.

“Emirates NBD continuously develops innovative products and solutions with the objective of meeting the specific needs of our customers,” said Shekhar Krishnamurthy, Head of Retail Assets and Liabilities, Emirates NBD. “The personal loan against EOSB program allows customers in the medium and lower salary range, to avail personal loans to meet their financial requirements, by considering the EOSB amount as collateral against which the customer can take a loan. It also therefore assists customers to manage their debt wisely because loan amounts cannot exceed the total benefit amount due to the customer,” said Krishnamurthy.

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