National Loan Scheme

Eligibility Criteria 

• Origination date of the loan should be before MAY 2011
• DSR with CBD should be greater than 50% for regular customers and for Pensioners greater than 30%
• Tenure should be > 4 Years for regular customers and for MOD customers tenure should be > 5 years
• Customer’s consent to be taken for participation 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 rate to be reduced to 3M EIBOR.
  

For more information call CBD contact centre or email us at nls.uae@cbd.ae