NBQ Auto Loan

Top Car Loan Plans in Dubai

Let’s know the NBQ auto loan in detail, including its features, eligibility, application process, and more.

Key Features and Benefits of the NBQ Auto Loan in UAE

The key features and benefits of the NBQ auto finance are as follows:

• Get a high finance amount of up to AED 750,000
• NBQ car loans are available for used and new cars
• Enjoy 50% off on the processing fee
• Competitive interest rates are offered; based on lending rates
• Take advantage of 2 instalment deferments each year
• Experience Quick and hassle-free application processing

National Bank of Umm Al Qaiwain Car Loan- Eligibility Criteria

Tabled below are the NBQ auto loan eligibility criteria:

Criteria	Requirements
Age	Minimum- 21 Years Maximum- 65 Years at the Age of Loan Maturity
Nationality	UAE Nationals and Expats, Non-Residents
Employment Status	Salaried Individual or Self-Employed Individual
Length of Service	Minimum 1 year with the current employer
Salary Transfer	Not Mandatory

National Bank of Umm Al Qaiwain Auto Loan- Documents Checklist

You must submit the following set of documents to apply for NBQ auto finance in the UAE:

Documents Required	For Salaried Individuals	For Self-Employed Individuals
Emirates ID	✅	✅
Passport	✅	✅
Residence Visa ( for Expats)	✅	✅
Residential Address Proof	✅	NA
Latest 3 Months Personal Bank Statements	✅	NA
Latest 6 Months Company Bank Statement	NA	✅
Business Address Proof	NA	✅
Salary Certificate or Pay Slip	✅	NA

Note:

• All documents must be valid
• Originals and copies of each document must be presented
• Additional documents may be required at the discretion of the bank

Apply for NBQ Auto Loan via Policybazaar.ae?

At Policybazaar UAE, you can apply for the NBQ car loan in a few minutes by following these steps:

1. Navigate to our website’s ‘Car Loan’ page.
2. Complete the lead form.
3. Locate the NBQ auto loan on the quotes page and apply.

We will shortly connect with you regarding your application and assist you with the next steps.

Applying with Policybazaar UAE gives you perks, including:

• Access a wide range of car loan options from top UAE banks
• Round-the-clock assistance from our experts
• Experience an easy and hassle-free application process

National Bank of Umm Al Qaiwain Car Loan- Fees and Charges

Refer to the National Bank of Umm Al Qaiwain car loan fees and charges below:

Type of Fees	Charges
Processing Fees	1.05% of the finance amount; Minimum- AED 525, Maximum- AED 2,625
Early Settlement for Car Finance	1.05% on the outstanding principal; Maximum- AED 10,500
Advance Payment of Instalment	1.05% of instalment
Monthly Insurance Premium on Principal Outstanding	AED 0.00924% per month
Commission on Selling the Commodity Purchased from the Bank	AED 0.25%
Cancellation Fee	AED 105
Issuance of Liability Letter to Other Banks	AED 63
Late Payment Penal Profit Charges	2.10% over agreed rate; Minimum- AED 52.50, Maximum- AED 525
Finance Rescheduling Fee	AED 262.50
Instalment Deferment Charges	AED 105 (per deferment)
Change of Due Date on Standing Instructions	AED 26.25

Frequently Asked Questions

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