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Car Loan Provided By Emirates NBD
Features of Emirates NBD Car Loan
Emirates NBD offers a wide variety of auto finances catered to different needs:
- Feature Packed Auto Loan - Standard Auto Loan
- Fixed Deposit Auto Loan - 50%
- downpayment is used a fixed deposit to earn money from it
- Staggered Installments Loan - Gradually increase your installments
- Balloon buy back Programme - Pay 50% only - EMI on the same
Every loan has its own distinct feature. Some of the common features are:
- Same day approvals
- Flexible payments option
- Free bank account
- Free credit card for one year
- Auto Protect credit life insurance
- Online Salik recharges
- RTA fine payment facility
- Free annual renewal of your registration
Documents Required of Emirates NBD Car Loan
- Valid Emirates ID (For UAE Nationals) with a copy
- Original passport with a copy (For Expatriates)
- Residential visa with a copy (For Resident foreigners including expatriates)
- Past 3 months active bank account statements
- Copy of the trade license (For self-employed)
- Memorandum & Articles of Association
- Power of Attorney along with the power to borrow
In case the borrower is a minor, then there must be a co-borrower (natural or legal guardian)
- Valid passport and visa page of the co-borrower
- Income documents as applicable
- For companies acting as co-borrowers
- TL & MOA will be needed
- Passport copies of the partners
Note: These are essential documents as listed up by the bank and may ask for more documents of needed. It is recommended to contact the nearest branch for more information.
Emirates NBD Car Loan Interest rates
10 Emirates NBD Bank Car Loans
New Auto Loans for Self Employed
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.74%
- Minimum salary requirement is AED 25,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.74%
- Minimum salary requirement is AED 25,000
- The reducing rate and the flat rate is 4.97% and 2.74%. This denotes that the computation done was a division of the reduction rate by 1.814
- No salary transfer is required
- Maximum loan amount is AED 750,000 that Emirates NBD bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is 1% of the finance amount
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Minimum salary requirement is low
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
Murabaha New Auto Finance for Self Employed
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.74%
- Minimum salary requirement is AED 25,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.74%
- Minimum salary requirement is AED 25,000
- The reducing rate and the flat rate is 4.97% and 2.74%. This denotes that the computation done was a division of the reduction rate by 1.812
- No salary transfer is required
- Maximum loan amount is AED 750,000 that Emirates NBD bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is 1% of the finance amount
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Minimum salary requirement is low
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
- You get a current account with zero balance
- For the first year you can get a credit card with no annual fees
- Preferential rates for motor insurance
Packed New Auto Loan
Features
- Repayment period is up to 72 months
- Interest rate for the given finance is 2.49%
- Minimum salary requirement is AED 5,000
Features
- Repayment period is up to 72 months
- Interest rate for the given finance is 2.49%
- Minimum salary requirement is AED 5,000
- The reducing rate and the flat rate is 4.52% and 2.49%. This denotes that the computation done was a division of the reduction rate by 1.813
- No salary transfer is required
- Maximum loan amount is AED 250,000 that Emirates NBD bank can provide
- Early settlement fee is 4% of the finance amount
- Processing fee is AED 500
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 72 months
- Documentation is simple
- Minimum salary requirement is low
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
Used Auto Loans for Self Employed
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.15%
- Minimum salary requirement is AED 25,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.15%
- Minimum salary requirement is AED 25,000
- The reducing rate and the flat rate is 4.52% and 3.15%. This denotes that the computation done was a division of the reduction rate by 1.815
- No salary transfer is required
- Maximum loan amount is AED 750,000 that Emirates NBD bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is 1% of the finance amount
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
- Minimum salary requirement is low
Murabaha Used Auto Finance for Self Employed
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.15%
- Minimum salary requirement is AED 25,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.15%
- Minimum salary requirement is AED 25,000
- The reducing rate and the flat rate is 5.71% and 3.15%. This denotes that the computation done was a division of the reduction rate by 1.813
- No salary transfer is required
- Maximum loan amount is AED 750,000 that Emirates NBD bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is 1% of the finance amount
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
- Minimum salary requirement is low
New Staggered Installment Plan
Features
- Repayment period is up to 72 months
- Interest rate for the given finance is 2.49%
- Minimum salary requirement is AED 5,000
Features
- Repayment period is up to 72 months
- Interest rate for the given finance is 2.49%
- Minimum salary requirement is AED 5,000
- The reducing rate and the flat rate is 4.61% and 2.49%.
- No salary transfer is required
- Maximum loan amount is AED 250,000 that Emirates NBD bank can provide
- Early settlement fee is 4% of the finance amount
- Processing fee is AED 500
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Minimum salary requirement is low
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
Fixed Deposit New Auto Loan
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 4.61%
- Minimum salary requirement is AED 18,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 4.61%
- Minimum salary requirement is AED 18,000
- The reducing rate and the flat rate is 4.61% and 2.49%
- No salary transfer is required
- Maximum loan amount is AED 250,000 that Emirates NBD bank can provide
- Early settlement fee is 4% of the finance amount
- Processing fee is AED 500
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
- Minimum salary requirement is low
Used Staggered Installment Plan
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 4.9%
- Minimum salary requirement is AED 5,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 4.9%
- Minimum salary requirement is AED 5,000
- The reducing rate and the flat rate is 8.89% and 4.9%. This denotes that the computation done was a division of the reduction rate by 1.815
- No salary transfer is required
- Maximum loan amount is AED 250,000 that Emirates NBD bank can provide
- Early settlement fee is 4% of the finance amount
- Processing fee is 1% of the finance amount
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
- Minimum salary requirement is low
Packed Used Auto Loan
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 4.9%
- Minimum salary requirement is AED 5,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 4.9%
- Minimum salary requirement is AED 5,000
- The reducing rate and the flat rate is 8.89% and 4.9%. This denotes that the computation done was a division of the reduction rate by 1.815
- No salary transfer is required
- Maximum loan amount is AED 250,000 that Emirates NBD bank can provide
- Early settlement fee is 4% of the finance amount
- Processing fee is 1% of the finance amount
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Minimum salary requirement is low
- You get a complimentary Salik Card of up to AED 500 loaded and free annual registration renewal
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
Fixed Deposit Used Auto Loan
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 4.9%
- Minimum salary requirement is AED 18,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 4.9%
- Minimum salary requirement is AED 18,000
- The reducing rate and the flat rate is 8.89% and 4.9%. This denotes that the computation done was a division of the reduction rate by 1.815
- No salary transfer is required
- Maximum loan amount is AED 250,000 that Emirates NBD bank can provide
- Early settlement fee is 4% of the finance amount
- Processing fee is 1% of the finance amount
- About 20% down payment is required for this finance
Benefits
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
- Minimum salary requirement is low
About Emirates NBD
In 2007, Emirates Bank International (EBI) and the National Bank of Dubai (NBD), the second and fourth largest banks in UAE, merged to form the banking champion - Emirates NBD. With more than 200 branches and over 900 ATMs and Cash Deposit Machines (CDMs) across the country and overseas, it is globally recognized as the most valued financial services provider in the Middle East. On November 15, 2016, Emirates NBD took over Emirates Money Consumer Finance LLC, becoming a regional consolidation blueprint for banking and finance sector in the UAE.
Corporate Values of the Emirates NBD are:
- Customer Focus
- Service Excellence
- Innovation
- Passion For Performance
- Integrity
- Teamwork
Get in touch with Emirates NBD Bank Customer Care