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.
Warning:
- 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.
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 and a free VISA Gold Credit Card.
Features and Benefits
- Car loan amount up to AED 500,000
- Available for new vehicles only
- Flexible Repayment period
- Attractive rate of interest
- Free VISA 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
Gold Credit Card
Get cashback on your shopping, with free credit for up to 55 days
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.