Business & Finance Club - Dubai : Emirates NBD, a leading bank in the region, has introduced an innovative new addition to the its personal loan package for UAE nationals.

The UAE National Package with Additional Income (Rental Income) for Personal Loans, will take into account additional income from property rental when calculating personal loan eligibility amounts.

The enhanced loan product is designed for UAE nationals who receive additional income, on top of their regular salary, from property. With these combined incomes taken into account, it will mean customers are eligible for higher loan amounts.

“At Emirates NBD, we strive to introduce new and innovative concepts to facilitate the specific needs of our customers,” said Jamal Bin Ghalaita, group deputy CEO, Emirates NBD.

“We recognise that a significant number of UAE nationals have dual income from their salary as well as property rentals,” added Shekhar Krishnamurthy, head of Assets & Liabilities, Emirates NBD.

“With this new personal loan option, we are addressing this gap, by unlocking rental incomes to enhance loan eligibility. This enables UAE nationals to avail of personal loans amounts that reflect more accurately their financial standing.”