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Emirates NBD Packed New Auto Loan
Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.
Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.
Packed New Auto Loan
- Repayment period is up to 72 months
- Interest rate for the given finance is 2.49%
- Minimum salary requirement is AED 5,000
- The reducing rate and the flat rate is 4.52% and 2.49%. This denotes that the computation done was a division of the reduction rate by 1.813
- No salary transfer is required
- Maximum loan amount is AED 250,000 that Emirates NBD bank can provide
- Early settlement fee is 4% of the finance amount
- Processing fee is AED 500
- About 20% down payment is required for this finance
- High finance amount is provided by Emirates NBD bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 72 months
- Documentation is simple
- Minimum salary requirement is low
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
Frequently Asked Questions
⭐ What if currently I am bankrupt. Can I still apply for car loan in Emirates NBD?
A. No, Emirates NBD does not provide loan to bankrupted people unless they have had good credit history and collateral.
⭐ Is my personal information safe with Emirates NBD?
A. Yes, your personal information stays confidential in Emirates NBD.
⭐ What happens if I don’t pay EMI’s on time?
A. If you miss one or two EMI’s then it can be ignored by bank but more than that can affect your credit history and can reduce your chances of obtaining loan in future .
⭐ Where must I buy my vehicle from in order to get it financed by Emirates NBD?
A. You must buy your vehicle from Emirates NBD approved dealers.
⭐ Does Emirates NBD finance vehicles older than 10 years?
A. In some rare cases it does, these includes classic vintage cars.
In 2007, Emirates Bank International (EBI) and the National Bank of Dubai (NBD), the second and fourth largest banks in UAE, merged to form the banking champion - Emirates NBD. With more than 200 branches and over 900 ATMs and Cash Deposit Machines (CDMs) across the country and overseas, it is globally recognized as the most valued financial services provider in the Middle East. On November 15, 2016, Emirates NBD took over Emirates Money Consumer Finance LLC, becoming a regional consolidation blueprint for banking and finance sector in the UAE.
Corporate Values of the Emirates NBD are:
- Customer Focus
- Service Excellence
- Passion For Performance
Get in touch with Emirates NBD Customer Care