Car loans for Self Employed Individuals

If you are self-employed, drive the car you've always wanted

Apply for NBAD Car Loans for Self Employed Individuals and get the car of your dreams with competitive interest rates on loans up to AED 500,000

  • Competitive interest rates

    Starting 3.00% p.a*

     

    *Flat rate which is equivalent to the reducing balance rate of 5.49% p.a.

  • Generous loan amounts

    Up to AED 500,000 or 80% of the car value

  • New and Used Vehicles

    Finance available for New and Used vehicles

Required documents

  • Vehicle Quotation
  • UAE Driving License
  • Bank Statements (6 months)
  • Trade License (Where applicable)
  • Documents to show company ownership structure
  • 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)

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*Any flat rate quoted is for illustration purposes only. The effective rate is the reducing balance rate.

Ways to Apply

Visit a Branch

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600 56 6223

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+971 2 635 8001

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