UAE Central Bank clarifies loan eligibility: New Nafis rules explained for loan seekers

The UAE Central Bank has clarified that Nafis payments are temporary incentives, not guaranteed income for loan eligibility. This ruling impacts Emirati private sector employees' creditworthiness by excluding government top-ups from income calculations, making it harder to meet debt-burden ratio requirements. Banks will assess these incentives case-by-case.

UAE Central Bank clarifies loan eligibility: New Nafis rules explained for loan seekers
The UAE Central Bank has clarified that Nafis payments are temporary incentives, not guaranteed income for loan eligibility. This ruling impacts Emirati private sector employees' creditworthiness by excluding government top-ups from income calculations, making it harder to meet debt-burden ratio requirements. Banks will assess these incentives case-by-case.