Bahrain’s first locally-owned bank, National Bank of Bahrain (NBB) has signed a Memorandum of Understanding (MoU) with the region’s leading automotive dealership company Euro Motors in order to strengthen its auto loan offerings.
Under this agreement, the National Bank of Bahrain will provide financing solutions for both new and pre-owned vehicles.
Further, the customers will get to enjoy a tenor of up to 7 years with no down payment required, and an optional salary transfer, alongside a quick and seamless approval process, according to the statement.
“As NBB aims to embed sustainability practices within the community, the product also offers exclusive rates with zero processing fees on hybrid and electric cars,” said its top official at the signing ceremony held at the Euro Motors headquarters.
Subah AlZayani Chief Executive – Retail NBB
“National Bank of Bahrain continues to collaborate with key industry players in the kingdom to provide exclusive offerings to customers under the auto loan product value proposition. As such, we are pleased to be partnering with Euro Motors to enhance our customers’ purchasing experience. We are excited to pursue new opportunities in collaboration with the luxurious Euro Motors brand.”
Mr. David McGoldrick, the General Manager of Euro Motor expressed his delight to offer financing offers on an extensive line-up of luxury cars currently available.
“We look forward to extending our collaboration with NBB to enable the bank’s customers to purchase their vehicles of choice. NBB’s Auto Loan solution provides customers with the opportunity to purchase their dream car with ease of mind. The bank continues to extend its financing product with exclusive offers to promote eco-friendly practices,” Mr. McGoldrick further added.
