Popular Car Loans
Other Car Loans From Emirates NBD
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 products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page 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.
Emirates NBD Used Auto Loans for Self Employed
Used Auto Loans for Self Employed
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.15%
- Minimum salary requirement is AED 25,000
- The reducing rate and the flat rate is 4.52% and 3.15%. This denotes that the computation done was a division of the reduction rate by 1.815
- No salary transfer is required
- Maximum loan amount is AED 750,000 that Emirates NBD bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is 1% of the finance amount
- 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 60 months
- Documentation is simple
- Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
- Minimum salary requirement is low
Frequently Asked Questions
⭐ Do I need to have good credit history to apply for Emirates NBD used car loan ?
A. No, if you have bad credit history then bank might charge higher interest rate or offer less competitive deals.
⭐ Can I get a loan if I’ve been declared bankrupt in past?
A. Yes, you can get loan if have been declared bankrupt in past but you may be charged higher rate of interest because the lender may evaluate you as being at a greater risk of not keeping up with repayments.
⭐ What is the tenure for used car loan is Emirates NBD?
A. Tenure for used car loans in Emirates NBD is up to 60 months.
⭐ What is the processing time for the given loan?
A. After submitting all the documents, bank takes 3-7 days in processing the loan and getting it sanctioned.
⭐ How much car loan will I be eligible for in Emirates NBD?
A. For the given finance you can get up to 80% of the car value as loan amount.
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