Emirates NBD endeavour to empower the entrepreneurial spirit of UAE Nationals by offering loan packages that provide financial support for a new start up or additional funds to pursue other dreams.
- Attractive reducing interest rates starting from 5.99% reducing or 2.63%
- Loan amounts up to AED 3,000,000
- No collateral or guarantor required
- Free Bank Account with no minimum balance requirement
- Easy process and simple documentation
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.