NMB Personal Loan – Cash Cover is a soft loan facility offered to individual customers with short term funds requirement and in not in need to affect or disturb their investment in form of fixed deposit.
Personal loan (cash secured) – Features
- You can borrow up to 80% of the cash deposit in your (FDR or Bonus)
- Flexible repayment terms from 12 months to 60 months
- Interest rate is charged on outstanding principal balance
- The loan will be secured by customer's cash deposit.
- No need of additional security
- Affordable interest rate
- The loan is insured in case of Death or permanent disability
What you need to have Personal loan secured by cash
- Have a Fixed deposit account or Bonus account
- Should have steady cash flow
To calculate your repayment plan use our Loan Calculator.
Benefits of Personal loan Cash Cover
- Fastest way of solving your emergency needs and personal issues
- No need of additional security your cash is a security
- Ability to earn interest on your deposit while servicing a loan
- The loan is insured against death and permanent disability
- Early liquidation is allowed
- Your salary should be routed through NMB account
- In a way you can consider it as an investment if you opt for a Career Development.
For more assistance, please visit your nearest NMB branch or call our toll free number– 0800 002 002