Nissan Car Loan

Car loans present an efficient solution to buying a car without any financial strain.

If you plan to purchase a Nissan car, you can find a plethora of financing options offered by several banks across the UAE. Competitive interest rates, flexible loan repayment tenure, and low fees and charges are some of the primary benefits of these car loans.

Let’s find out more about Nissan car loans in detail.

Features and Benefits of Nissan Car Loan

Let’s first quickly explore some of the top benefits and features of Nissan auto finance -

• Competitive interest or profit rates
• Convenient application process
• High finance amounts (usually in multiples of salaries)
• Flexible repayment options

Nissan Car Loan Interest Rates

Here are some key factors that significantly affect Nissan car loan interest rates -

• Income - A higher salary indicates your ability to make timely monthly payments. This may result in lower interest or profit rates offered by banks.
• Loan Tenure - Opting for a longer loan tenure typically increases interest rates, while shorter tenures usually result in lower rates. This impacts the total interest amount that you pay over the tenure — don’t forget to take it into account along with your monthly instalments!
• credit Score - Your credit score plays a crucial role in determining your loan interest rate. A higher score, representing a good credit history of successfully meeting loan and credit card payments, usually correlates with lower rates.
• Debt-to-Income Ratio - A high ratio suggests that a significant portion of your income goes towards existing debts, reducing the available income for new loans. Consequently, a high debt-to-income ratio often leads to higher interest rates on loans.

Top Banks Offering Nissan Car Loan

Here is the list of top banks providing Nissan car finance in the UAE -

1- Emirates Islamic Bank - Green Auto Finance

Car Loan Specification	Details
Minimum Salary Required	AED 5,000
Car Finance Profit Rate	Fixed Rate: Starting from 1.89% per annum Reducing Rate: Starting from 3.61% per annum
Repayment Tenure	60 Months
Loan Benefits	Optional salary transfer Involvement of minimal documentation Loan deferment of up to 120 days before the first payment

Click Here to Apply Now

2- Abu Dhabi Islamic Bank - Car Finance

Car Loan Specification	Details
Minimum Salary Required	AED 5,000
Car Finance Profit Rate	NA
Repayment Tenure	60 Months
Loan Benefits	Finance of up to 80% of the car value Financing option available for new and used cars Get one yearly instalment deferment

Click Here to Apply Now

3- Abu Dhabi Commercial Bank - Car Loan

Car Loan Specification	Details
Minimum Salary Required	AED 5,000
Car Loan Interest Rate	Fixed Rate — Starting from 1.99% per annum Reducing Rate — Starting from 3.65% per annum
Repayment Tenure	60 Months
Loan Benefits	Get loan of up to AED 1.5 million Enjoy a convenient one-signature application Swift loan approvals Availability of insurance finance option

Click Here to Apply Now

4- HSBC - Car Loan

Car Loan Specification	Details
Minimum Salary Required	AED 10,000
Car Loan Interest Rate	Flat Rate: Starting from 1.99% per annum
Repayment Tenure	NA
Loan Benefits	Optional salary transfer  No need to open an account for this Nissan car loan Special flat interest rates for electric vehicles and TESLA Financing solutions available for four-wheel drive vehicles, motorcycles, and saloon cars Availability of concierge services

Click Here to Apply Now

5- Emirates NBD - Auto Loans

Car Loan Specification	Details
Minimum Salary Required	AED 5,000
Car Loan Profit Rate	Flat Rate: Starting from 1.99% per annum
Repayment Tenure	NA
Loan Benefits	Enjoy a free credit card for the first year Get loan approvals as fast as half a day Swift and convenient loan documentation Open a bank account for free

Click Here to Apply Now

Nissan Car Loan Eligibility

Nissan auto loan seekers must comply with certain eligibility criteria mentioned below:

Criteria	Requirements
Age	You must be at least 21 years old
Nationality	Both UAE nationals and expats can apply
Employment Status	You must be either salaried or self-employed
Income	Your monthly salary must be AED 5,000 or more
Credit Score	Depends on the bank

How to Apply for a Nissan Car Loan via Policybazaar UAE?

With Policybazaar.ae, the Nissan car loan application is fairly straightforward and quick. Here’s how you can apply for a car loan through our digital platform -

• On policybazaar.ae, choose ‘Car Loans’ under the ‘Banking Products’ section.
• Fill out the lead form with relevant details.
• Submit the form to view the car loan quotes page.
• Check all the bank car loan products listed on the page.
• Choose the most appropriate product and apply for it. 

Note: One of our representatives will review your form and assist you with the further steps. In case you have any queries while searching for relevant quotes, get connected with us at 042472904 or drop an email at communication@policybazaar.ae.

Documents Required to Apply for a Nissan Car Loan

During Nissan auto loan application processing, you may be required to submit these documents -

• Emirates ID
• Passport
• Driving licence
• Original salary certificate
• Past 3-6 months’ bank statements
• Car insurance policy documents
• Car registration documents

Important: All the originals and copies of the mentioned documents must be valid.

How to Calculate Nissan Car Loan Monthly Instalments?

Before applying for a car loan, you can easily assess your monthly instalment amount using a car loan calculator.  With the calculator of Policybazaar.ae, you can instantly get the results by entering just a few details.

Nissan Car Finance: Fees and Charges

Refer to the following table to know the common fees and charges associated with the Nissan car loan -

Type of Fee	Charges
Processing Fee	1.05% of the Loan Amount
Early Settlement Fee	1.05% of the Loan Amount
Down Payment	Varies for Each Bank
Late Payment Fee	Variable

Note: The details mentioned in the table above are for reference only. Actual values may vary as per the bank.

Nissan Auto Finance Repayment Options

Check out the two primary channels through which you can pay off your monthly loan amount -

Online Banking

• Visit the official website of your respective bank.
• Sign in to your account to view your car loan details.
• Select the appropriate option for making payments.
• Follow the on-screen steps to pay your monthly instalment amount.

Mobile App Banking

• Download and install your bank’s app on your smartphone.
• Register and log into your account.
• Move to your Nissan car loan section.
• Locate the payment option.
• Select your preferred payment mode and complete the required payment.

Let’s now jump onto some of the most frequently asked questions regarding Nissan auto finance in the UAE!

Frequently Asked Questions