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National Bank of Fujairah (NBF), established in 1982, is widely acknowledged as among the best banking and financial services provider in the UAE. With their offered financial services including individual and corporate loans in UAE, a diverse range of customers are covered. Similar to its other products, NBF Auto Loan is an excellent option for individuals searching for financial aid to buy a car in the country. Whether one has adequate funds for the purchase or not, availing of an auto loan with NBF is always a good option as it allows users to proceed with the buying process without compromising other expenses and luxury spending.
To know about auto loans provided by NBF in detail and the benefits of a car loan with affordable rates, scroll down to read the article.
NBF Auto Loan
With NBF Car Loans’ features like competitive rates, flexible terms, and more, you are indeed put in the driver’s seat for your finances in terms of having your approved car while navigating through all potential financial hurdles. Described below are the key features of auto loans provided by NBD:
Car Financing Plan |
Flat Rate of Interest |
---|---|
NBF Auto Loan |
Starting from 2.20% per annum |
NBF Bank verifies your documents before forming a decision regarding your loan application. To ensure a smooth application, it is recommended to keep the following documents handy
Before applying for an NBF car loan, you must be aware of the certain requirements prescribed by the bank. These factors must be fulfilled to have the bank consider your application valid.
Age |
21 to 68 years for UAE Nationals 21 to 60 years for Ex-pats |
Residency |
UAE Nationals and Expats |
Salary Requirement |
At least AED 5,000 per month |
Credit Score |
The applicant must have a good credit score |
Down Payment |
20% of the value of the car |
Car Loans from NBF are here to make the process of car financing a stress-free experience for users. Whether you are in the market for the latest automobile or truck, a one-of-a-kind EV, or even a classic car, NBF Bank can always provide the required help with its loans. To keep in mind, the key aspects related to NBF Car Loan, you can quickly go through its benefits as illustrated below:
If you want to apply for NBF Auto Loan or view more plans before making a decision, check out our car loans category. Our platform is the most convenient option for completing the processes of comparison and buying car loans in one place.
Yes, NBF Bank offers the option of a car loan pre-settlement. However, you’ll need to pay a fee for the service.
NBF Bank has set a minimum monthly income requirement of AED 5,000 to qualify for its car loans.
To apply for a car loan with NBF Bank, visit their online website or a nearby branch, or continue on our website. In any mode you select, you will be required to complete the application form and submit it with the specified documents. If the bank approves your application, it will connect with you for further steps.