NBAD - Auto Loan

NBAD - Auto Loan

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If you're looking for a hassle-free application process, NBAD Auto Loans are not only convenient but as delightful as your first drive in your new car. NBAD Auto Loan Features:
• High loan amounts.
• Competitive Interest Rates.
• Available for new and pre-owned vehicles, salaried and self-employed individuals, NBAD and non NBAD customers.
• Flexible repayment period up to 60 months.
• 100% financing of car insurance premium.
• Hassle-free Loan application process.
• Processing Fee is 1% of the loan amount.
• Early settlement fees is 1% Interest Rate:
• If salary if transferred and company is listed then: From 4.75% p.a. on reducing loan balance
• If salary if not transferred and company is not listed then: From 5.62% p.a. on reducing loan balance Minimum Salary:
• AED 7000 - If salary if transferred and company is listed.
• AED 5000 - If salary if not transferred and company is not listed. Documents Required:
• A copy of your passport.
• Salary certificate/salary transfer letter/proof of income (if self employed).
• Bank statement (if you’re not already an NBAD customer). Eligibility:
• Minimum 6 months in service - If salary if not transferred and company is not listed.

  • Business vehicle finance: No
  • Only for listed companies: No
  • Down Payment: 20%
  • Heavy vehicle finance: No

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