With National Bank of Umm Al Qaiwain, you can buy your car easily for limit up to 750,000 with very attractive interstate and more benefits
Features and Benefits
- 50% Discount on processing fee
- Car loan amount up to AED 750,000
- Available for new and Used
- Attractive rate of interest (Base Lending Rates)
- Flexible Repayment period up to 60 months
- Option to defer 2 installment per year
- Fast and easy process
Fees and Charges
- Processing Fees : 1% of Loan Amount with minimum AED 500 & maximum AED 2,500
- Salary transfer is not mandatory
- No minimum service period criteria
- Minimum salary criteria apply
- All Nationalities
- Available to customer minimum 21 years of age and 65 years of age at maturity of loan
- Minimum length of service of 1 year with current employer
- Applicable for salaried and self-employed individuals
- For all customers
- Application form and agreement Kit to be completed
- A copy of your passport & Emirates ID
- A copy of residency visa (if applicable)
- Proof of address or business address (e.g. utility bill, tenancy contract)
- Any other documents at the discretion of the Bank
- For salaried individuals
- 3 months bank statements
- A salary certificate and a copy of most recent pay slip
- Self-employed individuals and businesses
- Valid copy of passport and emirates ID
- 6 months bank statements of Business Account
- Other documents may be requested at the discretion of the bank
- You may have to pay penalties if you pay off a loan/financing early.
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
- Refinancing your loan/financing may take longer to pay off than your previous loan/financing and may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit.
Personal Loans for UAE Nationals
Borrow up to 20 times your salary at an attractive rate of interest.
National Loans Scheme (NLS)
The Scheme is developed by the Central Bank of the UAE to address excessive debt burden of the most indebted UAE Nationals.