Emirates NBD successfully launches Digital Revolving Short-Term Loan facility to Cars24

2 Min | 16 September 2026

Dubai, UAE, 16 September 2026: Emirates NBD, a leading banking group in the Middle East, North Africa, Türkiye and South Asia (MENATSA) region, has provided a strategic financing facility to Cars24 Arabia to support its ongoing expansion across the UAE.

This landmark partnership establishes a collaborative framework between the two market-leading entities, designed to transform automotive financing for dealers and business partners across the UAE. Reinforcing Emirates NBD's strategic focus on ecosystem-led digital banking, the new offering enables eligible businesses to seamlessly access funds, use, repay and replenish their credit line through a fully digital compliant and API-driven banking journey. This allows partners to optimise working capital, maintain flexible liquidity and scale their business operations with unprecedented speed and efficiency.

Leveraging Emirates NBD’s industry-leading digital infrastructure and financial innovation, Cars24 Arabia will gain consistent access to instant loan creation, usage and repayment. By directly integrating the bank’s automated capabilities into Cars24 Arabia digital platform, the API integration reduces turnaround time from days to seconds, delivering a 100% straight-through processing journey with zero manual intervention for eligible partners and dealers. The solution also provides continuous credit flexibility, allowing businesses to dynamically refresh their limits upon repayment to fuel uninterrupted commercial momentum.

Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD, said: “Cars24 Arabia has demonstrated consistent growth and a clear commitment to raising the standard for car buying in the UAE. This financing facility reflects our confidence in their trajectory and our commitment to delivering tailored digital financing solutions that directly support our clients' growth ambitions. We are proud to support Cars24 Arabia as they continue to transform the automotive landscape in the region.”

Abhinav Gupta, CEO of Cars24 Arabia, said: “This funding reflects the business we have built and the direction we are taking it. As a trusted partner, Emirates NBD understands the ambition and disciplined growth trajectory of Cars24 Arabia. Structured with flexibility and foresight, this deal sets a new milestone in our journey.”

The financing facility marks an important step as Cars24 Arabia continues its expansion in the UAE, well-positioned for its next phase of growth. The agreement highlights Emirates NBD’s role in supporting regional businesses with tailored digital financing solutions.