Printer Friendly

Promise of pay-off now good for loan.

Customers of Emirates NBD can now take out a loan to the tune of their end of service benefit (EOSB) or gratuity, according to an announcement from the bank.

"The personal loan against EOSB is available to all Emirates NBD customers who have a salaried account with the bank," it said.

To apply for the loan an applicant has to earn over Dhs5,000 per month and deposit their salary with the bank.

Personal loans up to 90 per cent of the settlement amount will be offered, the bank said.

The new type of loan "allows customers in the medium and lower salary range to... meet their financial requirements," said Shekhar Krishnamurthy, head of retail assets and liabilities at Emirates NBD.

2009 Al Sidra Media LLC

Provided by an company
COPYRIGHT 2010 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:7 Days (Dubai, United Arab Emirates)
Date:Dec 21, 2010
Previous Article:Fear floors Fab future.
Next Article:Competition hots up for Etisalat.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |