Emirates NBD – Auto Loan For Used Cars
Minimum Salary
AED 0
Monthly Payment
AED 0
Down Payment
19%
Flat Rate
2.99%

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Vehicle Financing Benefits

Benefits:

  • Interest Rates: Fixed and variable rates starting from 3.75%.
  • Down Payment: Pay as little as 20% of the vehicle’s cost.
  • Financing Options: Extend your finance through a loan or credit facility.
  • Pre-Qualification: Instant pre-qualification for a smoother process.
  • No Additional Charges: No fees for vehicle release letters, mortgage placement, NOC to the traffic department, changes in registration, or temporary mortgage releases.
  • Additional Perks:
    • Free credit card and bank account.
    • Preferred pricing on pre-owned vehicles.

Eligibility:

  • Minimum Salary: AED 5,000.
  • Minimum Down Payment: 20% of the vehicle cost.

Enjoy a straightforward financing experience with competitive rates, minimal down payment, and additional benefits to make your vehicle purchase easy and cost-effective.

Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

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