For those researching best bank for mortgage loan, home loan, or want to apply for house loan, Emirates NBD Auto Loan offers a similar digital and transparent process for vehicles.
You can apply without a driving license or salary certificate, making it convenient for residents and expatriates alike.
Is Emirates NBD a good bank?
Emirates NBD is licensed and regulated by the Central Bank of the UAE. The bank is known for a strong network, robust compliance, and digital solutions for personal loan online apply, mortgage loan, and auto loan products.
Customers should always check the official website and Key Facts Statement for the latest terms before choosing any loan.
Main characteristics of Emirates NBD Auto Loan
- Up to 80% of vehicle value financed; up to AED 2 million (individuals)
- Fixed or variable interest rates, APR starting from 4.38% (indicative)
- No salary certificate or driving license required
- First payment deferment up to 120 days
- Digital application and fast approvals
Disadvantages
- Early settlement fee: 1.05% of principal (min. AED 525, max. AED 2,625)
- Late payment fee if you miss an installment
Here is advice for you
Before applying, review the Key Facts Statement and make sure all repayments (including any home loan, personal loan, or mortgage loan) fit within your budget.
If you miss payments, it may impact your credit score and could result in loss of your vehicle.
Requirements to apply for this loan
- UAE resident, age 21 or older
- New or used car up to 12 years old
- Down payment: minimum 20% of vehicle value
- Satisfactory credit assessment
متطلبات التقديم لهذا القرض
- مقيم في دولة الإمارات العربية المتحدة، 21 سنة أو أكثر
- سيارة جديدة أو مستعملة حتى 12 سنة
- دفعة أولى: 20% على الأقل من قيمة السيارة
- تقييم ائتماني مرضٍ
How to apply for the loan
- Visit the Emirates NBD website or branch
- Complete the application (no salary certificate or driving license needed)
- Provide vehicle and personal details
- Submit required documents and down payment
- Await approval and disbursement
Apply for your Loan
Emirates NBD Auto Loan can be a flexible alternative if you want to get a personal loan, home loan, or apply for mortgage loan for large purchases, but prefer car financing. The digital journey makes the process simple and transparent.
Always consult the official site for the most up-to-date terms and Key Facts Statement before committing to any loan or auto finance product.
Disclaimer
This content is for informational purposes only and is not issued or endorsed by Emirates NBD. All terms and rates are subject to change and regulatory approval. Please refer to the bank’s official website and Key Facts Statement for the most accurate and updated information.
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