Emirates NBD Fixed Deposit Auto Loan

Emirates NBD, a premier bank in the UAE, offers a variety of banking products and services. Among its top offerings, the Emirates NBD Fixed Deposit auto loan is a popular product with competitive interest rates, flexible repayment options, and more.

Read on to discover more about the features and benefits of the Emirates NBD Fixed Deposit car loan!

Top Car Loan Plans in Dubai

Emirates NBD
Plan Name Auto Loans
Minimum Salary (AED) 5000
Fixed Rate 1.99%
Reducing Rate N/A
Abu Dhabi Commercial Bank
Plan Name Car Loan
Minimum Salary (AED) 5000
Fixed Rate 1.99%
Reducing Rate 3.65%
Emirates NBD
Plan Name Flexi Drive
Minimum Salary (AED) 5000
Fixed Rate 1.92%
Reducing Rate N/A
Abu Dhabi Islamic Bank
Plan Name Car Finance
Minimum Salary (AED) 5000
Fixed Rate N/A
Reducing Rate N/A
RAKBANK
Plan Name Car Loans
Minimum Salary (AED) 5000
Fixed Rate N/A
Reducing Rate N/A

Emirates NBD Fixed Deposit Auto Loan - Overview

Emirates NBD Fixed Deposit auto loan enables individuals to drive their dream car without any financial stress. With this, you can get a loan amount of up to 80% of the car’s value and pay it over an extended time in the form of EMIs.

In addition, you can get a number of perks with this car loan, including an easy application process, minimal paperwork, quick approvals, a high finance amount, and much more.

Did You Know❓

A credit score of more than 700 can help you secure the best car loan offer with a low interest rate.

Key Features and Benefits of Emirates NBD Fixed Deposit Auto Loan

Here are the key features and benefits of the Emirates NBD Fixed Deposit auto loan: 

📱You can easily apply for this loan with online and mobile banking facilities

💳With this loan, you can get a free credit card for the first year and a 0% installment plan

% Get a car loan at a very competitive interest rate, starting from 3.75%

🤏Apply for a car loan with a low down payment, such as 20% of the car’s worth

⬆️You can get high finance amounts, up to 80%

⌛Enjoy flexible repayment tenure, up to 60 months 

📑You need to provide very basic documentation

🚘This loan is available for both new and used cars

Eligibility Criteria to Apply for Emirates NBD Fixed Deposit Auto Loan

To get the Emirates NBD Fixed Deposit car loan, you must tick the following eligibility criteria:

Eligibility Requirements  Criteria
Age Between 21 to 60 years
Nationality UAE Nationals and Expats
Employment For salaried customers only

Necessary Documents for Emirates NBD Fixed Deposit Auto Loan

Ensure you have the following documents ready to get the loan instantly:

✅Emirates ID

✅Application form

✅Passport copy 

✅KYC forms (available at the branch)

✅Signed etihad credit bureau consent form and UAE FTS (statement of account)

Note: You may need to provide additional documents if requested by the bank. 

How to Apply for Car Loan in the UAE?

With Paisabazaar.ae, you can enjoy a seamless experience and promptly apply for a car loan without any hassle. Sit comfortably and apply for the loan in just a few clicks!

Here’s how —

  • Head to the homepage and click on the ‘Car Loan’ section
  • Fill out the lead form with accurate details
  • Get the quote page and compare auto loans from the top providers
  • Hit the apply button, and your request is submitted
  • Please hold on, as after reviewing your application, one of our representatives will call you

Frequently Asked Questions

Q1. Can I apply for an Emirates NBD Fixed Deposit auto loan online?

Yes, with Emirates NBD Bank you can apply for a car loan online from the comfort of your home.

Q2. What is the amount of time Emirates NBD Bank gives you to repay the car loan amount?

Typically, you can repay the Emirates NBD car loan within 1 to 5 years.

Q3. What happens if I do not pay the Emirates NBD Fixed Deposit car loan amount?

Not paying Emirates NBD Fixed Deposit car loan results in car repossession, penalties, and legal action by the bank.

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