Emirates NBD reduces interest rates on auto loans

• Reduced rates applies to salaried, non-salaried, self-employed and corporate customers, as well as new-to-bank account- holders
• Valid on all new and used vehicle purchases for limited period

"Emirates NBD has been able to garner a large market share of the automotive business, given its innovative products and strategic tie-ups with leading automotive dealers and manufacturers," said Shekhar Krishnamurthy, Head of Retail Assets and Liabilities, Emirates NBD.

"This new pricing promotion, along with recently launched products providing customers with options of guaranteed buy-back and staggered installment plans, will help customers in providing flexibility to buy the car of their dreams."

The summer offer applies to existing Emirates NBD customers as well as new account holders. Flat rates start from only 2.99% per annum, depending on customer category, the payment mode and whether it is for paying toward a new or used vehicle.

"Customer-centric promotions such as this enable us to provide enhanced value and choice for our customers while facilitating their lifestyle and spending needs. For consumers looking to purchase new or used vehicles, there has never been a better time." added Krishnamurthy.