Auto Loan

Buy the new car of your dreams. Borrow up to AED 500,000 with a flexible repayment period.

Buy the new car of your dreams. Borrow up to

AED 500,000 with a flexible repayment period.

Auto Loan

The NBQ Auto Loan offers you the chance to buy the new car of your dreams. With loans of up to AED 500,000 and repayment periods of up to 60 months, we can offer you an attractive rate of interest (starting at just 2.75% per annum) and a free VISA Classic or Gold Credit Card.

Features and Benefits

  • Car loan amount up to AED 500,000
  • Available on new vehicles only
  • Flexible Repayment period
  • Attractive rate of interest (starting at 2.75% per annum)
  • Free VISA Classic or Gold Credit Card

Fees and Charges

  • Processing Fees : 1% of Loan Amount with minimum AED 500 & maximum AED 2,500

Eligibility

  • UAE Nationals  with salary transfer
    • No minimum service period criteria
    • Minimum salary criteria applies
  • UAE Nationals and Expatriates without salary transfer
    • Available to customer minimum 21 years of age and 60 years of age at maturity of loan
    • Minimum length of service of 1 year with current employer
    • Minimum salary criteria applies
  • Self-employed individuals and businesses
    • Minimum length of time in business for 1 year

Documents Required

  • 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

Teams and conditions apply



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