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Thank you for providing your details.NBAD Auto Loans (New Cars)
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.74%
- Minimum salary requirement is AED 10,000
- The flat rate of this finance starts at 2.74% and the equivalent rate in reducing balance is 5.02%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only
- No salary transfer is required
- Maximum loan amount is AED 750,000 that NBAD 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
Benefits
- Financing is provided for passenger vehicles
- High finance amount is provided by NBAD 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
- Dedicated sales manager will be there to assist you throughout the process
- If salary is transferred to the bank then no processing fee will be charged
Frequently Asked Questions
⭐ Does the bank verify the documents that you provided before approving the loan?
A. Yes, NBAD does check all your documents and if any discrepancy is found, your loan application might get rejected.
⭐ Why do some customers have high interest rates and some have low interest rates?
A. Interest rates depend on individuals credit history. The better the credit history the lower the interest rate will be charged against their loan.
⭐ Can I sell my car before the end of car finance agreement?
A. Contact NBAD bank call centre and repay the balance amount.
⭐ What is the eligibility criteria to apply for car loan in NBAD bank?
A. You need to have valid driving license, should be above 18 years of age and should have good credit history.
⭐ Can I negotiate loan amount in NBAD Bank?
A. Yes, if you have good credit history then you can negotiate loan amount with bank.
NBAD
National Bank of Abu Dhabi (NBAD), with its vision to be the World’s Best Arab Bank endeavors to provide the best products and service across the East-West corridor. Featuring in the World’s Top 50 safest banks, NBAD is a bank you can turn to for your financial needs without worry. The values as mentioned on www.nbad.com are :
- Put our customers at the forefront and “do the right things the right way”
- Value our people and foster great teamwork
- Empower our people and hold each other accountable for performance and behaviour
- Respect our heritage and be loyal to our stakeholders
NBAD offers a wide range of personal finance options