How to Get a Loan if You Have Bad Credit (Step-by-Step)

How to Get a Loan if You Have Bad Credit (Step-by-Step)

However, there is a risk factor in this matter. If you are unable to pay the loan, you can lose the relationship with your co-signer. Therefore, the pros and cons of this partnership must be kept in view before jumping into this situation.

  • What Are the Interest Rates Offered?

The first and foremost consideration in borrowing a loan should be the best affordable interest rate. This factor should always be the top priority, as making a comparison of the minimum interest rates is a must. However, it all depends upon the credibility of your credit score. The better your score is, the lower the interest rates.

You can also pinpoint the areas which can be improved in your credit history

Additionally, there are some bad credit lenders. They offer fixed interest rates instead of fluctuating ones. The fixed interest rates remain consistent throughout the duration. On the other hand, the variable interest rates are changeable, as they move along with the index rate.

  • Terms and Conditions

Once your bad credit loan has been sanctioned, the loan agreement will be made accessible to you. It will include all of the basic T&Cs, the info about the amount, and the APR (annual percentage rate). Continue reading How to Get a Loan if You Have Bad Credit (Step-by-Step)

Loan on Card within Credit Limit Easy access to Instant Cash

Loan on Card within Credit Limit Easy access to Instant Cash

The need for quick cash can arise at any point of your life, be it for your children’s school fees or fulfilling the family holiday you had planned for long. With Emirates NBD Credit Card, we have got you covered with easy cash, up to 90% of your Credit Limit.

Disclaimer: Monthly Installments are calculated using an illustrative Installment Amount of AED 10,000, flat interest rate of 0.49% p.m. and 0% Processing fees for 48 months tenure. Kindly Log in to your Mobile App or Online Banking to check the eligible transactions, applicable interest rate and processing fees. Processing Fees will be charged as part of first monthly Installment.

In case of Early Settlement of Loan on Card, cancellation fee of 1% of Principal outstanding plus 5% VAT will be applicable. Should you require any further clarification or for pre-closures , please call us on 600 54 0000 or +971 600 54 0000 for International. Click here for Terms and conditions.

In case of Early Settlement of Loan on Card, cancellation fee of 1% of Principal outstanding plus 5% VAT will be applicable. Should you require any further clarification or for pre-closures , please call us on 600 54 0000 or +971 600 54 0000 for International. Click here for Terms and conditions.

In case of Early Settlement of Loan on Card, cancellation fee of 1% of Principal outstanding plus 5% VAT will be applicable. Should you require any further clarification or for pre-closures , please call us on 600 54 0000 or +971 600 54 0000 for International. Click here for terms and conditions .

  • What is a ‘Loan on Card’ facility on my Credit Card?

Loan on Card (LOC) program allows you to get a portion of your available Credit Card limit as cash. The amount availed will be transferred to your bank account or issued as a manager’s cheque.

Loan on Card within Credit Limit Easy access to Instant Cash

This program is available for all Primary Emirates NBD Credit Card holders based on your eligibility and available credit card limit. Continue reading Loan on Card within Credit Limit Easy access to Instant Cash