Emirates NBD Green Auto Loan

Emirates NBD, headquartered in Dubai, is well-known across the UAE for its diverse range of banking and finance solutions. Among its most remarkable car finance solutions is the Emirates NBD Green Auto Loan, which is designed to empower those who contribute towards a sustainable future.

Available at a low interest rate and with flexible repayment options, this vehicle loan is an excellent option for those planning to purchase a hybrid or an electric vehicle (EV) — whether new or used one.

Keep on reading to find out more about the Emirates NBD green car loan.

Top Car Loan Plans in Dubai

Emirates NBD
Plan Name Auto Loans
Minimum Salary (AED) 5000
Fixed Rate 1.99%
Reducing Rate N/A
Abu Dhabi Commercial Bank
Plan Name Car Loan
Minimum Salary (AED) 5000
Fixed Rate 1.99%
Reducing Rate 3.65%
Emirates NBD
Plan Name Flexi Drive
Minimum Salary (AED) 5000
Fixed Rate 1.92%
Reducing Rate N/A
Abu Dhabi Islamic Bank
Plan Name Car Finance
Minimum Salary (AED) 5000
Fixed Rate N/A
Reducing Rate N/A
RAKBANK
Plan Name Car Loans
Minimum Salary (AED) 5000
Fixed Rate N/A
Reducing Rate N/A

Emirates NBD Green Auto Loan — Overview

The NBD Green Auto Loan is a suitable choice if you are looking to finance a hybrid or an electric car. Supporting the Green Auto Initiative of the UAE government, this loan helps you initiate sustainable driving practices. So whether you want a brand-new car model or a used one, this car finance can help you significantly.

You can enjoy the experience of a convenient and digital car loan process as the bank supports contactless applications. Furthermore, with its competitive profit rates, flexible tenure, high finance amounts, and more, you can get your dream vehicle without any hassle.

Compare Car Loan - Policybazaar uae

Key Features of Emirates NBD Green Car Loan

Here are the key features and benefits of the Emirates NBD Green Auto Loan in the UAE —

💻Digital process for a hassle-free application

💰High finance amount of up to 80% of the vehicle value

🚜Easily get financing for both new and used cars (not older than 12 years)

⏳Get up to 90 days first payment deferment

🤑Apply for a car loan at an attractive interest rate

📑Minimal paperwork

🤝You can enjoy same-day loan approval

💳Get a credit card for free as well as a 0% installment plan with this green car loan

Eligibility Criteria for Emirates NBD Green Auto Loan

To get this Emirates NBD loan, you need to meet the following eligibility criteria —

Eligibility Criteria
Age 18-65 years
Minimum Income AED 5,000
Employment Status Both self-employed and salaried individuals can apply

discount offers - Policybazaar uae

Documents Required for Emirates NBD Green Car Loan

Here’s a checklist of the documents usually required to apply for an Emirates NBD Green Auto Loan:

For Salaried Individuals For Self-employed

✅Quotation of the car (for new cars)

✅Completed application form

✅Emirates ID

✅Passport copy

✅Car valuation (applicable for used cars)

✅Resident visa page copy

✅Etihad Credit Bureau consent form and UAE FTS (statement of account)

✅Quotation for new cars

✅Car valuation (only if you are purchasing a used car)

✅Original Emirates ID

✅Filled up application form

✅3-month bank statement (for non-banking customers)

✅Passport copy

✅Copy of resident visa page

✅Trade license copy

✅Etihad Credit Bureau consent form and UAE FTS (account statement)

✍️You may need to submit some additional documents if required by Emirates NBD. 

How to Get an Emirates NBD Green Auto Loan in the UAE?

With Paisabazaar.ae, it’s easy to apply for an Emirates NBD Green Car Loan.

Here is how you can apply with a few simple steps —

  • Head to the homepage of Paisabazaar.ae and click on the ‘Car Loans’ section
  • Fill out the lead form with the necessary details
  • You will get plenty of options on the quotes page from the top providers
  • Locate the NBD Green Auto Loan option
  • Explore its features and apply for it

That’s it — one of our representatives will get in touch with you and guide you through the further steps!

FAQs

Q1. What is a green car loan in the UAE?

As the name suggests, a green car loan is a type of auto loan that assists you in buying an electric or hybrid car in the UAE. It encourages you to move towards a greener future by offering competitive interest rates or discounts.

Q2. Can I apply for an Emirates NBD green car loan online?

Yes, you can easily apply for Emirates NBD Green Car Loan online. You can complete the process on Paisabazaar.ae or check out the official website of the bank.

Q3. What is the maximum repayment period for an Emirates NBD green auto loan?

You can repay this NBD auto loan in a tenure of up to 5 years.

More From Car Loans

  • Recent Articles