0% car loan for BMW models
Benefits: The 2016 models may be available, but customers buying a new 2015 BMW from AGMC can secure an auto loan with 0 per cent interest. Available from Emriates NBD and spread over five years, the loan comes with a free Visa credit card. There is a quick approval process of half a day. Those wanting a 2016 model can sign up for a loan at a flat rate of 0.99 per cent.
Beware of: Be quick, the offer expires on Monday.
Short-term car loan with UNB: 1.49%
Benefits: If you want a 2015 car but don't want to pay the entire amount upfront, Union National Bank offers a short-term loan. With payments spread over 12 months, the offer has a flat rate of 1.49 per cent and approval can be secured in 60 minutes. This also applies to 2016 releases.
Beware of: You must earn at least Dh20,000 to qualify. Remember all auto loans require a 20 per cent deposit.
0% on 2015 Toyota models
Benefits; Drive away in a 2015 Toyota model and pay zero interest on a loan spread across four years. The deal, available from Emirates NBD for cars bought from Al Futtaim Motors, applies to a select range of vehicles. Those wanting a shorter-term loan can take out a two-year loan at a 0.99 per cent flat rate.
Beware of: The offer expires on Monday.
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