Leading the way at Emirates NBD

Credit Cards vs Personal Loan: Which is better for short-term goals? Have a big purchase to make and confused whether to purchase using your credit card or take a loan? Both credit cards and personal loans are categorized as unsecured forms of loans. Ideally personal loans are taken for covering up major lumpsum expenses and credit cards are used for short term expenses, expenses which can be paid monthly. Let’s look at the features of both credit cards and personal loans: -           Interest rate Personal loans carry a lower interest rate as compared to credit cards. Get the best interest on personal loans with Emirate NBD click here to know more.   -           Term The repayment term for personal loans is a minimum of 5 years in contrast to credit cards which is up to 55 days interest free.   -           Post repayment Credit cards offer more credits post repayments, in contrast to personal loans. In addition to this credit cards are also packed with cashba

  Managing finances is a core part of living a fulfilling life. Some even say it’s a survival skill which gets further enhanced as you progress with investing and allocating funds at the right places. Employed, not employed, looking for a job etc., savings and salary accounts are an essential part of managing your finances. Let’s understand a little more about savings and salary accounts: 1.        Requirement Unlike savings accounts which you open for yourself, or which come with an interest rate which varies or investment options, salary account are opened by your employers when their employees are hired. 2.        Convertibility Salary accounts essentially are converted to normal savings accounts in instances where there is no deposit or transfers for a certain period. However, savings accounts are chosen of your own accord helping you manage your finances better. 3.        Better Rates Saving accounts carry interest rates which differ from banks to banks in contr