Car Loans with Salary Transfer

Achieve your goal and get your dream car through an NBAD car loan with salary transfer.

Enjoy the car of your dreams with NBAD’s car loans with salary transfer for competitive interest rates and amounts up to AED 1.5 million or 80% of the value of the car.

  • Competitive interest rates

    From 5.17% p.a. on reducing loan balance
    (Flat 2.74% p.a. for illustration purposes)

  • Generous loan amounts

    Up to AED 1.5 million or 80% of the car value

  • Available to UAE nationals & expats

    For customers who have their salary transferred to an NBAD account

Required documents

  • Vehicle Quotation
  • UAE Driving License
  • Salary Transfer Letter
  • Completed and signed Auto Loan Application Form
  • Copy of valid Passport / Visa / Emirates ID (Originals must also be presented)
  • NBAD Auto Loans Terms and Conditions

Fees and charges

Processing Fees  1% of loan amount (min. AED 500, max. AED 2,500)
Installment Deferral Fee AED 100 per deferral
Advance Payment of Installment 1% of the advance payment
Change in Installment Due Date AED 25
Late Payment Fee 2% of overdue amount (min. AED 50, max. AED 200)
Loan Rescheduling Fee AED 250
Early Settlement Fees 1% of amount prepaid (if partial settlement)
1% of amount outstanding (if full settlement)
1% of amount outstanding, max AED 10,000 (in case of buyout)
*Any flat rate quoted is for illustration purposes only. The effective rate is the reducing balance rate.

Ways to Apply

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600 56 6223

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+971 2 635 8001

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