Emirates NBD has announced a new loan programme that aims to establish the financier as a best in class auto loan provider in the UAE marketplace.
The new pricing and credit structures have been designed to simplify the lending experience for UAE car-buyers. Among the new features are a headline rate of 4.5 per cent APR, zero deposit on all major brands and free annual registration renewal.
"Like the rest of the products offered by the bank, this special auto loan package is specially designed to offer our customers outstanding value," said Suvo Sarkar, executive vice-president and general manager of retail banking at Emirates NBD.
Such finance options may be attractive to those who are looking for a new addition to their garage after buying property in Dubai.
Mr Sarker insisted that the new loans will make buying and owning a car in the emirates even simpler.
As part of its push for greater customer service, Emirates NBD has also this month opened a new Al Shaheen Priority Banking branch at Dubai Mall.