Fixed Deposit Auto Loan

A unique auto loan package that lets you turn your car into a return-yielding asset. We've turned depreciating asset into your advantage with our distinctive auto loan package. We make your down payment a profitable fixed deposit, thus transforming a depreciating car into a return-yielding asset. You'll never see your mileage the same way again.



In addition to benefits provided in the "Feature Packed Auto Loans" package, enjoy the following perks:

  • Down-payment converted into an interest bearing Fixed Deposit
  • Get the best Motor Insurance rates
  • Online Salik Recharge & RTA fine payment facility
  • Free Annual Registration renewal service at your doorstep**
  • Round the clock Roadside Assistance
  • Free Credit Card for the first year
  • Free Bank Account
  • Free Bank Account

* Limited period promotion, benefit for banking customers only.

Terms and conditions apply


** This is a service offered by AAA through our insurance tie-up select RSA or OIC plans) whereby the car can will be picked up from customer's location (prior appointment is required) and dropped back after completing the registration. The actual charges pertaining to the registration and testing (if needed) will have to be borne by customer.

Now that you know which Auto Loan is best for you, take the next step to owning your dream car by putting together the required documents for your loan application:

  • Salary Certificate/ Documentary evidence of source of other Income.
  • Last three Bank Statement from the Salary Account
  • Letter from your employer confirming salary transfer and benefits.
  • For UAE Nationals - Copy of valid passport including last page.
  • For Expatriates - Copy of valid passport with valid UAE Residence Visa.
  • Copy of Driving License.
  • Copy of Water & Electricity (DEWA) Bill, if residing in Dubai.
  • Post dated Cheques or Standing Order / Auto Debit Instruction.
  • Security Cheque / Guarantee as a part of the documentation.
  • For New Vehicle: Quotation/ Pro-forma Invoice from vehicle dealer.

And in case you are buying used vehicles:

  • Valuation Certificate issued by an Approved Dealer

You're almost there. Prepare these documents upon disbursement of your Auto Loan.

  • Verified copy of the permanent registration (Mulkia) showing that the vehicle has been mortgaged to Emirates NBD.
  • Original comprehensive insurance for 13 months for the full value of the vehicle with Hire purchase clause favoring Emirates NBD with letter of undertaking.
  • Sales Invoice showing amount due from the Bank (where applicable).
  • Copy of Mortgage Letter issued to Traffic Dept.
  • Copy of Mortgage Letter issued to Traffic Dept.

Terms and conditions apply

We've made it easier for you to decide which auto loan package suits you best. Check out the table below:

Benefits Competition Feature Packed Auto Loan Invent in your Auto Loan Staggered Installment Plan (SIP)
Get the best Motor Insurance rates Yes Yes Yes
Online Salik Recharge & RTA fine payment facility Yes Yes Yes
Free Annual Registration renewal at your doorstep Yes Yes Yes
Round the clock Roadside Assistance Yes Yes Yes
Free Credit Card for the first year Yes Yes Yes
Free Bank Account Yes Yes Yes Yes
Down-payment converted into an interest bearing Fixed Deposit Yes Yes
Installments as low as 50% of the standard installment amount in the first initial year and the remaining repayments Yes
Competitive Rate Yes Yes Yes Yes

* Conditions apply
** Refer to credit card Terms and Conditions for complete details

Terms and conditions apply

Click here for information on the loans processes and schedule.

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