|
Get guaranteed returns when you
apply for a one-of-a-kind Auto Loan with
Emirates Bank or NBD.
The table below clearly illustrates the benefits of our Fixed Deposit Auto Loan
versus a regular Auto Loan.
| Your Loan Amount |
Regular Auto Loan |
Fixed Deposit Auto
Loan |
| |
|
|
| Cost of the Car |
100,000 |
100,000 |
| Down Payment |
10,000 |
- |
| Loan Amount |
90,000 |
100,000 |
| |
|
|
| Rate of
Interest @ 5.25% |
| Tenor (years)
|
5 |
5 |
| EMI |
1,894 |
2,104 |
| Total Outgoings
|
123,625 |
126,250 |
| Difference
|
- |
(2,625) |
| |
|
|
| Earn
more at the end of your term |
Down payment
converted to FD |
- |
10,000 |
| FD Interest
|
- |
2% |
| FD Interest Earned
|
- |
1,041 |
| Total earnings from FD
|
- |
11,041 |
| Resale Value of your
Car (30%) |
30,000 |
30,000 |
FD Value + Resale
Value of your Car |
30,000 |
41,04 |
| Final Resale Value
|
30,000 |
38,416 |
In this example, your down
payment, which was converted to a Fixed Deposit earns you an additional AED
8,416/- at the end of your loan term. Go ahead, buy your dream car with our
Fixed Deposit Auto Loan and make your auto loan work for you.
For more information visit our sales representative at any automotive showroom
or the nearest Emirates Bank or NBD branch.
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