JobXDubai

In a groundbreaking partnership, Emirates NBD and CARS24 are set to transform the car buying experience in the UAE’s rapidly growing used car market, projected to reach $32bn by 2027.

Instant Auto Loans in 10 Minutes

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 can get approvals for their auto financing in record time, ensuring they can purchase high-quality, certified vehicles that have undergone stringent quality checks through CARS24’s auto experts.

Streamlined Process

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. The process is then fast-tracked to confirm the final loan approval within two days.

A Game-Changer in Auto Financing

Deepak Chandran, Group Head of Retail Products at Emirates NBD, emphasized 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,” he said.

Abhinav Gupta, CEO Gulf Region at CARS24, highlighted the partnership’s significance in amplifying customer experience. “We are always working to ensure our buyers can gain maximum advantage of our one-stop-shop model,” he added.

A Booming Market

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 more than 20,000 customers, with plans to invest $100m in the GCC region to expand its presence and become one of the largest tech enablers in the pre-owned car industry.

This partnership is set to revolutionize the auto financing landscape in the UAE, providing customers with a seamless, hassle-free experience.