Emirates NBD Auto Loan offers an alternative for those who want to finance a new or pre-owned vehicle in the UAE. With no need for a salary certificate or driving license, the process is digital and approvals can be fast.
You can finance cars up to 12 years old. The loan amount can reach AED 2 million for individuals, with up to 80% of the vehicle’s value financed.
Key Facts
- Loan amount: Up to AED 2,000,000 (individuals)
- APR (Annual Percentage Rate): Starting from 4.38% up to 12.00% (indicative)
- Loan term (months): Minimum 12, maximum 60
ملخص الحقائق الرئيسية
- مبلغ القرض: يصل إلى 2,000,000 درهم إماراتي (للأفراد)
- معدل الفائدة السنوي: يبدأ من 4.38% ويصل إلى 12.00% (تقديري)
- مدة القرض (بالأشهر): من 12 شهرًا كحد أدنى إلى 60 شهرًا كحد أقصى
Get to know better
- No salary certificate or driving license required for application.
- Digital, contactless process with approvals possible in one day.
- Finance both new and used cars up to 12 years old.
Why we recommend this loan
Emirates NBD Auto Loan includes a contactless journey, first payment deferment up to 120 days, and even a 0% installment payment plan on Emirates NBD credit card for car purchases.
Rates, fees, and terms are disclosed in full compliance with Central Bank regulations. The process is accessible online and across the UAE.
Find a personal loan to your profile
Many customers compare best bank for home loan, home loan, or best bank for housing loan options when thinking of large purchases. The Emirates NBD Auto Loan brings a similar structure, but focuses on making vehicle financing more flexible and accessible.
You can apply online or visit a branch, depending on your preference. Eligibility and approval depend on your credit profile and affordability assessment.
Emirates NBD Auto Loan: Get a personal loan alternative for your car
This is an installment loan. Repayment is on a fixed Equated Monthly Installment (EMI) basis, either with a fixed or variable interest rate. You can defer your first payment for up to 120 days. If you pay off early, an early settlement fee of 1.05% applies.
Missing payments leads to late fees and may impact your credit. If you default, you may lose your vehicle and still be responsible for any remaining debt.
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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