Emirates NBD launches Ramadan auto loan 

(MENAFN - Khaleej Times) Emirates NBD announced the launch of their special 2012 Ramadan Auto Loan promotion, which gives borrowers a chance to win prizes while also enjoying low interest rates to buy their dream cars.

Valid till September 30, 2012, Emirates NBD's Ramadan Auto Loan promotion offers interest rates starting from a 2.49 per cent flat rate per annum (4.69 per cent reducing rate per annum).

In keeping with the spirit of the holy month, 75 borrowers who avail of the feature-packed Emirates NBD Auto Loan during the promotion period, will be given a chance to enter a lucky draw for one of three prizes: an interest-free loan; a loan with zero processing fees; or free monthly loan payment where one installment of loan repayment is refunded to the customer. "Ramadan is the month of giving and the celebration of goodness, and there cannot be a better time than this to express our gratitude towards our customers, by offering them chances to win convenient prizes while they enjoy the facilities of our best-in-class loans for automobile purchases," said Suvo Sarkar, general manager, Retail Banking, Emirates NBD.

"At Emirates NBD, our endeavor is to always provide our customers with the innovative services and products, tailor-made for their convenience. Our Ramadan Auto Loan offer is another such initiative."

This Ramadan, Emirates NBD also has strategic tie ups with various automotive brands across the UAE. Customers applying for the auto loan during Ramadan will enjoy a variety of benefits such as a payment holiday for new loan bookings and complimentary Salik cards.