June 2023

Liv Credit Card

Key Fact Statement (KFS)
A credit card lets you borrow funds to pay for your purchases. This KFS provides indicative information
about key features, fees and charges of this product.

Product Information
Product Type Platinum Card World Card

A card with enhanced benefits

A free of cost card issued by Liv.
Description issued at a fee by Liv. to enable
to enable credit card transactions.
credit card transactions.

Minimum Salary 5000 AED

Age Requirement 21+
Eligibility Criteria
Debt Burden Ratio Below 50%
A good credit score (AECB score)

Key Fees and Interest Rates

Categories Platinum Card World Card
Annual Fee Free 700 AED
Monthly Interest Rate 3.25% 3.09%
Annualised Percentage Rate (APR) 39% 37%
Application Completion Bonus* 200 AED 200 AED
Card replacement fee 25 AED
Late payment fee 175 AED
Interest free period 55 days
5% of the closing balance outstanding or 100 AED, whichever
Minimum Monthly Repayment
is higher.
No Liability / Liability Letter 50 AED
Foreign Currency transaction fee** 1.99% (charged for all transactions incurred outside UAE)
Cash Advance fee 3% or 99 AED (whichever is higher)
Stamped statement fee 25 AED
Regular Installment Plan: One time processing
Free
fee
0% installment plan: One time processing fee 49 AED per transaction
Installment plan/ Balance conversion:
1% of principal outstanding
Cancellation fee
Annual fee billed will not be reversed if the card is activated, used or cancelled
*Application must be completed within 6 calendar days.
** Excludes processing fee of approx. 1.15% charged by Mastercard
All fees are exclusive of VAT. If VAT is applicable, it will be chargeable and payable in addition to, and at the same time as,
the above-mentioned charges

Emirates NBD Bank PJSC is licensed by Central Bank of the UAE

“Liv.” is a brand owned by Emirates NBD Bank PJSC. (‘ENBD’).
This Key Facts Statement is a UAE Central Bank directive under the Consumer Protection Regulation & accompanying standards
Copyright© 2023 Emirates NBD Bank PJSC. All Rights Reserved. Page 1 of 3
 Important Terms
Debt Burden Ratio A ratio of total loan installments to income

Credit bureau is an agency that collects and maintains individual credit

information from banks & financial organizations and provides it to lenders, and
AECB Score consumers in the form of a credit report. This helps lenders assess credit
worthiness, the ability to pay back a loan, and can affect the interest rate and
other terms of a loan.
Annualised Percentage Rate (APR) is a reference rate, which includes applicable
interest, fees and charges of the product, expressed as an annualized rate.
If we receive payment of the statement balance in full on or before the payment
due date, you do not have to pay any interest charge on the statement balance
If you do not pay the statement balance, in full on or before the payment due date,
Annualised Percentage
we may charge, without prior notice, a finance charge even if you have paid the
Rate APR*
minimum payment due in full.
Interest charges will be applicable on the Total Amount Due as noted in the
previous month’s Statement of Account as well as on all new transactions (from
the respective transaction date) till such time as the total outstanding amounts are
paid in full including all interest charges and fees levied on the Card Account.
Minimum payment percentage is selected by the user in the Liv. app and ranges
Minimum Monthly
from 5% to 100% of the closing balance outstanding or AED 100, whichever is
Repayment
higher. If the closing balance is less than AED 100, it must be paid in full

Important Links
For latest fees & charges, banking packages and other product details please visit our website
• https://liv.me/charges

Annualised Percentage Rate (APR) for Purchase Illustration*

Purchase on 01st July 2021 (AED) 2,000
Statement Date: 06/07/2021
Total Amount Due as of statement dated 06/07/2021 2,000
Minimum Amount Due as of statement dated 06/07/2021 100
Payment Due Date: 31/07/2021
Minimum Payment by customer on the payment due date 100
On statement Date: 06/08/2021, following interest charges will be levied:
a) Interest on AED 2,000 for 30 days (from 1st July - 31st July) 61.97
b) Interest on AED 1,900 for 6 days (from 1st Aug - 06th Aug) 14.21
Total interest charged in the statement dated 06/08/2021 76.18
*Note: In the case of an AED 2,000 credit balance with an 39.0% annual rate, with a minimum monthly
payment of 5% of the balance, or AED 100, whichever is greater, it would take 33 months or just under 3 years
to pay off. The total interest payable would be approximately AED 1,300.

Emirates NBD Bank PJSC is licensed by Central Bank of the UAE

“Liv.” is a brand owned by Emirates NBD Bank PJSC. (‘ENBD’).
This Key Facts Statement is a UAE Central Bank directive under the Consumer Protection Regulation & accompanying standards
Copyright© 2023 Emirates NBD Bank PJSC. All Rights Reserved. Page 2 of 3
 Additional Information
• We do not charge interest on accrued interest.
• There may be circumstances in which you have to pay other fees. You may visit the Liv. website for latest
fees and charges.
• The Bank reserves the right to amend the Bank’s General Terms and Conditions for Consumer Banking
Products (including any relevant applications and documents) by notice to you in accordance with
applicable law.
• The Bank’s General Terms and Conditions for Consumer Banking Products (including any relevant
applications and documents) shall be read and implemented in line with this KFS.
• You can contact the Bank for any enquiries, assistance or complaints by visiting its website [Insert link] or
by logging into the Liv app.
• The cooling-off period allows you to cancel the product within five (5) business days of signing the
application and the Bank will not be able to proceed until this period expires, unless you waive this right.
To cancel within this period you must give the Bank notice.

Warning
• If you make only the minimum repayment each period, you will pay more in interest, and it will take you
longer to pay off your outstanding balance.
• If you do not meet the repayments on our credit card, your account go into arrears and incur late payment
fees. This may affect your credit score, which may limit your ability to access financing in the future
• Any other accounts you have with the Bank may be used to set off against amounts owed under your
credit card(s).
• You are required to provide the Bank with copies of your updated documents at all times. Not providing
these documents might result in the charges, transactions being restricted, account being blocked or
account being closed.
• The Bank may close the account if account conduct is found to be unsatisfactory as per Bank’s
Compliance policy and in line with UAE Central Bank regulations.
• In the event of your failure to meet our terms and conditions before and during your relationship with us,
there will be consequences which may include restriction, blockage or closure of your Bank account.
• The Bank may apply any credit balance which is held in the Customer’s name in any Account and/or at
any branch of the Bank towards any indebtedness or amounts due.

Emirates NBD Bank PJSC is licensed by Central Bank of the UAE

“Liv.” is a brand owned by Emirates NBD Bank PJSC. (‘ENBD’).
This Key Facts Statement is a UAE Central Bank directive under the Consumer Protection Regulation & accompanying standards
Copyright© 2023 Emirates NBD Bank PJSC. All Rights Reserved. Page 3 of 3