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, according to the “Zawya” website.
Through this partnership, customers will be able to get approvals for their auto financing in record time, ensuring that they can purchase cars with valid service histories and that 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. Existing Emirates NBD customers can get pre-approval on their car purchase within 10 minutes of application, with no physical visits required. Once the pre-approval is received, the process is fast-tracked to confirm the final loan approval within two days.
