Business

Emirates NBD has signed a strategic Memorandum of Understanding (MoU) with Alba Cars to introduce a digital revolving short-term loan facility designed to support eligible automotive dealers and business partners across the UAE.

The agreement establishes a new financing framework aimed at improving liquidity access and streamlining working capital management within the country’s pre-owned vehicle sector through a fully automated and digitally enabled process.

Under the partnership, eligible partners and dealers will be able to create loans instantly, register financing arrangements, utilise available credit, complete repayments, and refresh borrowing limits through a fully digital, API-driven platform.

The solution has been developed to provide businesses with greater operational flexibility by enabling continuous access to short-term financing while reducing reliance on traditional approval and processing timelines.

By integrating Emirates NBD’s digital banking capabilities with Alba Cars’ automotive ecosystem, the initiative introduces real-time loan creation, usage, and repayment functionality, significantly accelerating transaction processing.

According to the companies, the integration reduces turnaround time from several days to just seconds, delivering 100% straight-through processing for eligible partners with zero manual intervention.

The revolving structure of the facility allows users to repay and immediately restore available credit limits, creating a more flexible financing environment to support inventory movement and day-to-day business operations.

Commenting on the partnership, Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD, said the initiative reflects the bank’s continued focus on creating transformative digital banking experiences that support customers and business partners while enabling faster and more efficient financial services.

He added that the digital revolving short-term credit solution has been tailored to deliver greater convenience, speed, and operational efficiency for dealers and partners associated with Alba Cars.

Talib Al Rubai, Chief Executive Officer of Alba Cars, said the collaboration strengthens the company’s commitment to offering customers not only premium vehicle options but also more flexible and efficient purchasing and financing experiences.

He noted that the partnership supports the evolution of Dubai’s premium and luxury pre-owned automotive market by delivering enhanced financing agility and improved customer journeys.

The initiative aligns with Emirates NBD’s broader digital banking strategy, which focuses on expanding automation, improving customer experience, and introducing technology-led financial solutions across sectors.

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