NBAD Auto Loans
NBAD Auto Loans* not only convenient but as pleasurable as your first drive in your new car.
With interest rates starting from just 3.49%** on NBAD Auto Loans;
you can now drive away in the car of your choice.
Whether you are considering a brand new car or a pre-owned car, NBAD takes care of the formalities with third parties so you can enjoy your dream car without unnecessary delay.
To get started, here’s what you need to know:
Product Features:
- High loan amounts up to AED 1 million! Loan eligibility based on your total income
- Competitive Interest Rates starting from as low as 3.49%**
(equivalent applicable rate is 6.38% per annum on the reducing balance of the loan)
- Available for
- New and Pre-owned vehicles
- Salaried and Self-employed individuals
- NBAD and Non NBAD customers
- Flexible repayment period up to 60 months
- 100% financing of car insurance premium
- Grace Period - Up to 45 days for first installment payment
- Hassle-free Loan application process
- No minimum balance NBAD bank account
- Free for life pre-approved NBAD Credit Card
Eligibility:
- Available for both UAE Nationals and resident Expatriates.
How to apply?
Call us and we will set up an appointment at your nearest branch, or we will arrange for a bank representative to visit you. We will need the following:
- A copy of your passport
- Salary certificate/salary transfer letter/proof of income (if self employed)
- Bank statement (if you’re not already an NBAD customer)
For more on our Auto Loans Product and how to apply,
please call 800 2211 or visit any NBAD branch.
*All Loans are subject to Bank's approval. Terms & Conditions apply.
** The above is a promotional offer which may be amended, replaced, or withdrawn without prior notice.