In line with CBI's commitment to help UAE Nationals to manage their debts better, we are pleased to announce our participation in UAE Central Bank’s initiative on Nationals Loans Scheme.
Nationals Loans Scheme is an initiative by UAE Central Bank aimed at easing the debt burden of UAE Nationals by helping them in managing their debt settlements
Eligibility Criteria
Origination dateof the loan should be beforeMAY 2011
DSR with CBI should be greater than50%for regular customers and for Pensioners greater than30%
Tenure should be >4 Yearsfor regular customers and for MOD customers tenure should be >5 years
Customer’s consent to be taken forparticipation in the NLS scheme
No additional facility to be granted to customers opting in under this scheme for the rest of the tenure of the facility by primary bank, any secondary bank or financial institution or finance company
Interest rate/Profit rateto be reduced to 3M EIBOR
You may apply now to the National Loan Scheme, Click here