Emirates NBD Used Car Loan in UAE

Numerous things have to be considered when financing a vehicle, with the down payment, loan period, interest rate, and other factors included in the list. As it can all prove overwhelming, you must be clear about your finances and choose a car loan option that best suits your lifestyle, requirements, and budget. With several plans available in Emirates NBD Used Car Loan, you can finally get your preferred car while successfully administering your budget.

Since its outset in 2007, the Emirates NBD has undergone rapid expansion. Besides various awards and accolades, it has also gained eminence among Middle East customers due to its various financial products, efficient services, and ease of access. You can experience such distinguished services and products by the bank via the Emirates NBD used car loan in the UAE.

Emirates NBD Used Car Finance Plans

If you are looking for an excellent financing option for a used car, Emirates NBD used car loan can serve you with exceptional services in that regard. The bank offers a variety of loan types and flexible tenures for car financing to differently positioned customers. The benefits offered include attractive loan rates, high loan amounts, quick loan disbursal, easy payment plans, and more.

The major details related to Emirates NBD used car finance are as follows:

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Major Benefits of Emirates NBD Pre-Owned Car Loan

Emirates NBD makes used car financing simple in the following ways:

1. Low Rates of Interest - Emirates NBD offers affordable interest rates on car loans. Moreover, if you have a solid credit rating and repayment record, the bank will offer you modest flat and decreasing interest rates.
2. Flexible Loan Tenure - With Emirates NBD used car loan, users can select from a wide range of flexible tenure options between 12 months and 60 months. This allows the customers to select the term that best meets their financial needs.
3. High Loan Amount - Emirates NBD offers higher loan amounts at minimal down payments for different types of applicants. You can apply for an Emirates NBD car loan depending upon your needs and get the best offer.
4. Bank Account - Car loan borrowers get the option to open an Emirates NBD Bank account and use it to fulfill the minimum balance requirements when seeking a pre-owned car loan.
5. Flexible Repayment Options - With flexible payment options, you can repay your car loan installments in easy monthly and yearly installments without compromising other fundamental payments.
6. Quick Approval - You can apply for an Emirates NBD loan and get approved on the same day if you fulfill the criteria laid down by the bank. 
7. Quick Disbursal -  The loan application process at Emirates NBD is fast, convenient, and efficient. Once the required procedure is finished, you can have the funds directly transferred into your account.

Emirates NBD Used Car Loan Interest Rate

To remember the interest rate, one of the most crucial aspects of a car loan when comparing the used car loan plans in UAE, you can simply refer to the following table. 

Documents Required for Emirates NBD Used Car Loan

Collect the following documents in a place before you apply for Emirates NBD used car finance. 

Salaried Applicants for Emirates NBD Used Car Loan

• Driving License
• Emirates ID
• Passport ID
• Recent Utility Bill
• Last 3-month Bank Statement
• Last 3-month Payslip
• Dealer Quotation or Car’s Proforma Invoice

Self-employed Applicants for Emirates NBD Used Car Loan

• Driving License
• Emirates ID
• Passport ID, EIDA card, and VISA copy
• Trade License
• Last 3-month Individual Account Bank Statement
• Last 3-month Corporate Account Bank Statement
• Existing Liabilities and Loans details
• Dealer Quotation or Car’s Proforma Invoice

Corporate Applicants for Emirates NBD Used Car Loan

• Passport ID, EIDA card, and VISA copy
• Trade License
• Copy of Trade License
• Last 3-month Corporate Account Bank Statement
• Existing Liabilities and Loans details
• Power of Attorney copy (if applicable)
• Dealer Quotation or Car’s Proforma Invoice
• Memorandum of Association
• Copy of Memorandum of Association

Eligibility Criteria for Emirates NBD Used Car Loan

Applying for a car loan in UAE without fulfilling the eligibility criteria could be futile, as your application is most likely to be rejected immediately in such cases. The same has to be kept in mind when you apply for Emirates NBD used car loan by considering the eligibility criteria as specified by the bank.

Visit policybazaar.ae to apply for Emirates NBD Used Car Loan. Instead of looking at just one car loan plan and buying it, you can check out the used car loan plans in UAE from all the leading providers on our website and purchase one afterward. Simply proceed to the ‘car loans’ section to initiate the process.

Calculating Emirates NBD Used Car Loan Easy Monthly Payments in UAE

As online research for used car finance in UAE can prove confusing, an easy way to navigate past the complexity is to have the monthly installment data for your selected plans ready. The Auto Finance Calculator provided by Emirates National Bank of Dubai is immensely advantageous here, as it can help you determine the easy monthly payment on your car loan in a few seconds. 

Simply provide the details asked by the calculator like the year of manufacturing (YOM) and the model of the car, the approximate interest rate, and other details to have an estimate right away.

For making a sound decision, especially when car loans are concerned, understanding even the minor details is crucial. You can find below some quick details regarding Emirates NBD car loan plans

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