National Loans Scheme (NLS)
Developed by the Central Bank of the UAE
to ease the debt burden of UAE nationals.
Warning
- You may have to pay penalties if you pay off a loan/financing early
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future
- Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more In interest/profit
Features
Eligibility - Here's how you qualify
Origination date of the loan should be prior to May 2011 and remaining loan tenor should be more than four years- Debt Burden Ration (DBR) should be greater than 50% for regular customers and greater than 30% for pensioners
- Customer’s consent for participation in the NLS scheme
- The customer undertakes not to seek any loans or credit facilities from any bank or financial institution during the period of repayment
- The customer agrees to cancel all credit cards issued by the bank, other banks and financial institutions
OR
OR
OR
OR
OR
Interest rate / profit rate to be reduced to 3 Month Emirates Interbank Offered Rate (EIBOR)*. National Loans Scheme interest rates/ profit rate are subject to change twice a year at the beginning of each January and July.
*Present rate of 4.31251% (As of 2nd January 2023). This may vary as a result of fluctuations in EIBOR published by the Central Bank of the UAE
To know more, please contact us on 600 525500.
Calculate Your Debt Burden Ratio
What is your monthly salary?
Total Monthly Repayments for Personal Loan(s)
AED
Total Monthly Repayments for Car Loan(s)
Total Monthly Repayments for Mortgage(s)
Available Limit For Credit Card(s)
Calculate Your Debt Burden Ratio
Your debt burden ratio results
TALK TO US
You can contact us with the contact below
We are currently experiencing higher call volumes than usual. We encourage you to use the FAB Mobile application and check our Frequently Asked Questions (FAQs) page.
| For customer calling from UAE | Ratibi Service from UAE | ||
|---|---|---|---|
 |
600 52 5500 | |
600 52 2298 |
| For customer calling from outside UAE | Ratibi Service from outside UAE | ||
|---|---|---|---|
|
+971 2 681 1511 | |
+971 2 499 6279 |