Emirates NBD Gives Cars24 Arabia an API-Driven Revolving Loan Facility

Emirates NBD has provided Cars24 Arabia with a digital revolving short-term loan facility to support the used-car platform’s expansion in the UAE. The arrangement is designed to improve access to working capital for eligible dealers and business partners.

The facility is integrated into Cars24 Arabia’s platform through application programming interfaces. Eligible users can create, draw, repay and replenish credit through a digital process that the bank says reduces turnaround time from days to seconds.

The partnership shows how embedded banking can place financing directly inside a commercial platform. For Cars24 Arabia, the revolving structure provides flexible liquidity as the company grows its UAE operations.