350 Miles for every AED 20,000 loan amount*
Interest rates from 2.99%** on new cars
100% financing of your car insurance
Financing for most passenger vehicles
For salaried & self-employed applicants
- 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 Etihad Guest Car Loan Terms and Conditions
Note: additional documents may be required on a case-by-case basis
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)
|Product||NBAD Etihad Guest Auto Loan|
|Type of Miles awarded||Joining Miles|
|Frequency of Miles awarded||One time|
|Transaction||On new Auto Loan disbursement|
|Minimum ‘net incremental Loan amount’ (AED)||50,000|
|Miles earning rate||350 Miles for every AED 20,000 slab|
|Miles cap per transaction||10,000 Miles|
|Other eligibility conditions||NBAD Etihad A/C to which salary is transferred & NBAD Etihad Debit Card|
SMS “AL” TO 2050, CALL 02 495 1010 OR VISIT AN NBAD BRANCH FOR MORE INFORMATION.
|*Terms and conditions apply.
Minimum loan amount to earn miles is AED 50,000. Maximum Miles cap per transaction is 10,000 miles.
**2.99% is for illustration purposes, effective interest rate will be approximately 5.62% p.a. calculated on reducing loan balance.
This is a promotional offer valid for a limited period only and may be subject to change or discontinuation at the sole discretion of the bank.
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