• Minimum salary required AED 7,000/-
• Age should be between 21 and not to exceed 65 Years at the end of repayment period
• Maximum loan amount AED 350,000
• Minimum down payment: 10% on new cars and 15% for used cars
• Repayment period up to 84 months for new cars and 48 months for used cars.
• 100% insurance premium finance.
• Interest rates (flat per annum)

	New vehicles		Used vehicles
Repayment period	Up to 48 months	Over48 months	Up to 24 months	Over 24 months
Rate	4.50%	4.75%	4.75%	5.50%

• Minimum salary required AED 10,000/-
• Minimum 1 year of service with present employer.
• Age should be between 25 and not to exceed 60 Years at the end of repayment period
• Maximum loan amount AED 200,000/-
• Minimum down payment: 10% on new cars, from 15% on used cars (i.e.; 15% on Japanese / European / American brands, 20% on other brands).
• Repayment period up to 60 months for new cars and 48 months for used cars.
• Interest rates (flat per annum)

	New vehicles	Used vehicles
Rate	5.50%	6.00%

Documents Needed:

• Valid passport copy.
• Salary certificate addressed to NBAD not more than one month old.
• Last three months bank statement for new customers.
• Valid driving license copy.
• Quotation or Pro-forma invoice from dealer.
• Valuation from NBAD Insurance unit for used vehicles

*-For used cars:
Used cars should not be older than 4 years.
Evaluation from NBAD Insurance Unit is required.

All Loans are subject to Bank´s approval.
For more details call 8002211 or visit any of NBAD branches.