Leading UAE bank Emirates NBD has announced plans to cut interest rates across the board on all its auto loan categories for purchases of both new and used vehicles this summer.

This offer is valid for a limited period only and extends to salaried, non-salaried, self-employed as well as corporate customers, the Emirates NBD said in a statement.

“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,” he remarked.

The summer offer applies to existing Emirates NBD customers as well as new account holders. Flat rates start from only 2.99 per cent 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,” he added.-TradeArabia News Service