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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Start your banking journey with the leading bank in the region.
Discover the benefits of being our customer by browsing through our banking packages.
Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
Everyday banking is a lot easier with our digital banking platforms and services.
Discover more about banking with usWe have over 200 branches and 900 ATMs and CDMs across the UAE and overseas.
Learn more about our services and get the most out of your banking relationship with us.
Visit our dedicated support center for answers to all your banking-related questions.
Start your Priority Banking journey and live your success
Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai, UAE, 27 June 2024: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced its exclusive partnership with CARS24, taking the customer car buying and auto financing journey to new heights. For the first time, car buyers in the UAE can now initiate their auto loan process with Emirates NBD at the click of a button.
Through this partnership, customers will be able to get approvals for their auto financing in record time, ensuring that they can purchase cars that have a valid service history and have undergone stringent quality checks through CARS24’s auto experts.
As reported by Mordor Intelligence, the UAE's used car market is projected to reach USD 32 billion by 2027, growing at a compound annual growth rate of around 11% from 2022 until 2027.
Once the preferred vehicle is selected from the CARS24 website or app, buyers can apply for a loan from Emirates NBD and existing Emirates NBD customers can get pre-approval on their car purchase within 10 minutes of application, with no physical visits required at all. Once the pre-approval is received, the process is fast-tracked to confirm the final loan approval within two days.
Deepak Chandran, Group Head of Retail Products at Emirates NBD, said: “As pioneers in digital banking, Emirates NBD’s partnership with CARS24 solidifies the bank’s commitment to enhancing customer experiences by transforming the auto loan process in the UAE. We are proud to offer existing Emirates NBD customers an unparalleled opportunity to secure financing for their car purchases swiftly and effortlessly, reinforcing our dedication to making banking simple and accessible for everyone.”
Abhinav Gupta, CEO Gulf Region at CARS24 commented: “We are always working to amplify our customer experience and this exclusive partnership is another example of our commitment to ensure that our buyers can gain maximum advantage of our one-stop-shop model.”
With over 1,500 cars in its inventory, CARS24 is one of the largest used car e-commerce platforms in the country. Since its opening in the UAE in 2021, CARS24 has serviced over 20,000 customers with plans to invest USD 100 million in the GCC region to expand its presence and become one of the largest tech enablers in the pre-owned car industry.
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