Leading the way at Emirates NBD

  Your First Credit Card? Here are Some Smart Ways to Use It Choosing your first credit card can be very intimidating with the numerous options available in the market. But getting your first credit card is a milestone achieved, as you are one step into financial independency. However, it is still important to use your card wisely as it will build your credibility and when in future you would require a loan, this credibility will help. Here are some tips to use your card wisely: 1.        Budgeting Managing your spends is extremely important when it comes to credit cards, as you pay interest on the money you borrow. Credit cards present us with great pay back options even when we don’t have the money in the present, but this often leads to overspending, which impacts your credit score. Hence, having a clear breakdown of your budget is extremely important before spending with your credit card.   2.        Rew...

  Emirates NBD Current Account for Businesses Are you considering opening an account for your business? And are you confused as to whether you should open a savings or a current account? If you are, this article will help you decide what kind of account you should open. A current account in essence is an account which is used for daily transactions, payments, incoming earnings, vendor payments, salary payments . Opening a current account makes payments and transactions flexible, further provides a business with legitimacy, as it meets banking compliance standards. Benefits of a business current account: 1 .        Immediate access to funds: Business current accounts enable you to have immediate access to your funds 24/7, which makes it easier and flexible to carry out daily business transactions. 2.        Bulk payments: Unlike normal current accounts where a single payment can be done at a particular time, busin...

  What is Emirates NBD Home Loan Calculator? When you have finally decided to own a home of your own, you may be looking for a home loan . With a plethora of choices from different lenders, one of the most important things to consider is the EMI (equated monthly installments) on the loan. Your EMIs are a fixed amount, which includes the principle and interest which you will pay on a monthly basis, until your loan is fully paid back. An EMI calculator is often used by the lenders to give you an idea of your loan timeline and the EMIs to be paid monthly. There are 3 main factors that influence an EMI: 1.        Loan amount : Principal amount borrowed from your lender. 2.        Interest rate : The rate at which your lender has agreed to grant you the loan. 3.        Tenure : Duration for which you have taken the loan. Based on the above factors, an EMI calculator computes the interes...

  Emirates NBD Credit Card Advantages to Enhance your Shopping Experience Did you know credit cards could enhance your shopping experience? Apart from the buzz behind credit cards carrying offers and rewards, there are other benefits from dispute resolution to payback options, owning a credit card gives you more advantages when shopping. Let’s have a look at some of the advantages of credit cards which can enhance your shopping experience: 1.        Fraud prevention Since a credit card is separate from your debit card; using more of your debit card exposes your primary account to frauds. Whereas credit cards are the banks funds, hence using them keeps your primary account safe.   2.        Offers and rewards Credit cards offer cashbacks on your monthly spends, these offers are available on groceries, utility payments, fuel, flight tickets etc. Seasonal offers bring about more cashbacks on spends, this way ...

  Which Emirates NBD Savings Account is Best Suited for you? Saving is a fundamental practice in managing your finances well and is something we should learn from in our early years. In an ideal world, with no sudden shocks or surprises, savings wouldn’t be a concern. However, in reality our circumstances are different, and we must save for uncertainties. Moreover, it is necessary to save for important expenses, such as a house, car, family and so on. The big question here is, is there a particular amount one needs to save? Well…not really, your savings is something you have complete autonomy over. Basic needs such as rent, food and other expenses vary from person to person. The idea is to save the surplus after your necessary expenditures, you can either invest it or keep it in an account where it will earn interest. The 50-30-20 rule is the easiest to follow. 50% of your income goes into paying for your needs, 30% for your wants and 20% for your debts and savings. So now that...

  Why choose Emirates NBD Home Loans? Owning a home is expensive and may seem out of your reach. But there are many loan options in the market that can help you work towards your dream. While there are many banks and financial institutions in the market offering home loans, Emirates NBD’s home loans are worth checking out. There are several different options to choose from and the bank offers easy processing and quick approvals for both built-up and off-plan properties, in Dubai as well as other emirates. You can also take an Emirates NBD home loan for expatriates which allows you to buy a home in the UAE while residing in your home country. Just fill in this form and one of the Emirates NBD home loan experts will get in touch and tailor a loan plan for you with manageable EMIs. Let us quickly dive into the requirements for a home loan: Eligibility The eligibility differs from lender to lender, simply being employed or having a source of income doesn’t make you automat...

  How Should one Pay Credit Card Bills Using Emirates NBD Debit Card? Credit cards are an absolute necessity for all our day-to-day purchases as majority of the credit cards give us cashbacks or rewards on spends. Banks are offering more options customized to different lifestyles. With the emergence of technology in banking systems; online banking , mobile banking , it has become easier for credit card users to pay their bills without missing any dates. Apart from the usual method of paying your credit card debt, there is an alternative way to pay using your debit card. You can pay your credit card dues using your debit card, through offline and online banking. If you wish to pay your Emirates NBD credit card bill , you will have to use your Emirates NBD debit card for the payment. You can also pay your credit card dues with online banking and mobile banking here . Are there any benefits to paying your credit card dues using your debit card? Yes, there are many benefits ...