United Arab Emirates, Dubai, 16 July 2009 - As part of the bank's commitment to further enhane customer convenience, Emirates NBD has launched a new Auto Loan program that includes “Best in Class” pricing and credit structures. The new program offers an array of competitive benefits and features such as “Zero” down payments across all key car brands, interest rates starting from 4.50%, in addition to a host of handy facilities for Salik recharging and online fine payment, free annual registration renewal, and a 24/7 on-road service assistance in case the car breaks down.
The new programme is applicable to both old and new car brands and it allows a credit limit up to AED 500,000, as well as flexible payment terms that stretch up to 60 months.
Existing customers of Emirates NBD are offered a special, tailor-made loyalty package that suits their budget. The package presents numerous benefits, the most important of which is the ease of reduced income norms at AED 5,000 only.
With the new Auto Loan scheme, Priority Banking customers will be also able to enjoy unrivaled features and benefits such as NIL down payment and interest rates as low as 4.40%.
“Like the rest of the products offered by the bank, this special Auto Loan package is specially designed to offer our customers outstanding value. This also comes in line with our plans to further the growth of the automobile industry in the UAE.” said Mr. Suvo Sarkar, EVP & GM Retail Banking at Emirates NBD.
“This new value driven package shall make the car ownership even more affordable and convenient. We have always been at the forefront of designing new products and services that best cater to the needs of our customers. Emirates NBD provides customer-focused car loan solutions that help individuals get the car of their choice, each within his or her financial capabilities.” said Mr. Vikram Krishna, Head – Retail Loans at Emirates NBD.
Emirates NBD have the largest network on strategic dealer partnerships across the UAE and employs specialized sales staff that facilitates an easy and fast loan applications process.
For more information about this new Auto Loan programme and its several benefits, please visit any of the bank branches or call 04 3160202 for further details.
About Emirates NBD
Emirates NBD (DFM: ENBD) is the biggest banking group in the Middle East by assets. At 31st December 2008, total assets were AED 282.4 billion and a combined market share of 20.5%.
The Group has a leading retail banking franchise in the UAE, with over 120 branches and over 650 ATMs. It is a major player in the UAE corporate banking arena, with a combined market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations.
The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore.
For more press information please contact:
Hassan Al Khuwaildi Aya Elamine
PR Officer Account Manager- PR
Emirates NBD tamra-c2
T: 04 209 2263 T: 04 295 1177
F: 04 232 9147 F:04 295 1188
Email: HassanAl@emiratesbank.ae Email: email@example.com