| 21.12.2010 - Emirates NBD to use work gratuity as collateral against bank loans |
| From Arabianbusiness.com: Emirates NBD, Dubai's largest bank by market value, on Monday said it plans to offer personal loans that will be underwritten by customers’ end-of-contract employment gratuity. Customers will be able to borrow up to 90 percent of their gratuity, with a minimum loan amount of AED10,000 ($2,722), on the premise that their severance pay is used as collateral, the bank said..............................................Full Article: Source |