NBD launches auto loan plan

Emirates NBD, the UAE's largest bank, introduced a new auto loan package this week. The loan comes with round-the-clock roadside assistance, an annual car registration renewal service, a credit card and free registration with SALIK, Dubai's automatic tollgate system. Customers will also receive preferred pricing on car insurance. "We are very confident that this unique auto finance solution will raise the bar for automotive lending in the UAE and will set new standards in terms of product innovation and service," Suvo Sarkar, the general manager of retail banking at Emirates NBD, said in a press release. Interest rates on auto loans from the bank range from 4.85 per cent to 5.25 per cent.