Everything you need to get a car and more when you're on the road. The Feature Packed Auto Loan gets you started on your road trip with your dream car and a host of exclusive benefits and savings, guaranteeing you an unparalleled ownership experience.
Features & Benefits:
• Loan approvals in Half a Day with easy process and simple documentation
• Attractive pricing for passenger and business vehicles
• Flexible payment options
• Enhanced Auto Protect credit life* insurance that provides complete peace of mind
• Large distribution channels with vast branch network and secure online and mobile banking
• Online Salik Recharge and RTA fine payment facility
• Free Annual Registration renewal service at customer's doorstep
• Round the clock Roadside Assistance
• Preferential Motor Insurance rates through our preferred partners
• Free Bank Account
• Free Credit Card for the first year
Documents Required:
• Now that you know which Auto Loan is best for you, take the next step to owning your dream car by putting together the required documents for your loan application:
• Salary Certificate/ Documentary evidence of source of other Income
• Last three Bank Statements from the Salary Account
• Letter from your employer confirming salary transfer and benefits
• For UAE Nationals - Copy of valid passport including last page
• For Expatriates - Copy of valid passport with valid UAE Residence Visa
• Copy of Driving License
• Copy of Water & Electricity (DEWA) Bill, if residing in Dubai
• Post dated Cheques or Standing Order / Auto Debit Instruction
• Security Cheque / Guarantee as a part of the documentation
• For New Vehicle: Quotation/ Pro-forma Invoice from vehicle dealer
• This product is available for new cars only
Required Documents:
• Verified copy of the permanent registration (Mulkia) showing that the vehicle has been mortgaged to Emirates NBD
• Original comprehensive insurance for 13 months for the full value of the vehicle with Hire purchase clause favoring Emirates NBD with letter of undertaking
• Sales Invoice showing amount due from the Bank (where applicable)
• Copy of Mortgage Letter issued to Traffic Department
Business vehicle finance
Yes
Only for listed companies
No
Down Payment
20%
Heavy vehicle finance
No
Insurance/takaful
Yes
Max. finance amount
No
Maximum Tenure
6 Years
Minimum Salary
AED 6000
Auto type
New Cars
Fixed rate
1.99%
Settlement Fee
1%
Processing Fee
No
Working Status
Both
Reducing rate
No
Salary Transfer
Yes
Monthly Payment
AED 1402
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