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Emirates NBD offers loans against EOSB amount.

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

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 Dh5,000 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 Dh10,000.

"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 Shekhar Krishnamurthy, head of Retail Assets and Liabilities, Emirates NBD.- TradeArabia News Service

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Publication:TradeArabia (Manama, Bahrain)
Date:Dec 20, 2010
Words:188
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