Ajman Bank offers finance to legal business entities licensed by UAE government in Abu Dhabi, Dubai, Shariah & Ajman for their acquisition of primary passengers for rental purposes or for logistic support.
Rent-A-Car Finance
Financing of vehicles extended to legal business entities for their acquisition of primarily passenger vehicles for rental purpose. Including the passenger transport and bus rental (as per the Trade license activity).
Fleet Finance
Financing for the acquisition of vehicles to be used by Small & Medium Enterprise for logistical support purpose. Financing of vehicles to be used by transport companies, construction companies, freight clearing and forwarding companies and freelance operators for the purpose of generating income from contracts or for projects under execution.
Allowed sectors: Trading/Manufacturing/Contracting/Service-oriented concerns operating under the legal framework of UAE.
Benefits:
• Maximum Finance amount up to AED 1,500,000
• Maximum Finance tenure up to 4 years
• Up to 90% Finance Available
• Extremely Competitive Profit Rates
• Quick and Fast Approvals
Required Documents:
• Application Form duly filled up and signed by an authorized signing authority
• True Copy Agency/Partnership Contract [if applicable]
• Board of Director's Decision for LLC [if applicable]
• True Copy of Commercial Registry, trade license & list of partners
• True Copy MOA /AOA/POA/Service Agreement/ Board Resolution
• True Copy of valid passport of all the owner/s (Authorized signatories) with valid residence visa (when applicable)
• True Copy Audited Financial Report [if applicable]
• True copy Bank Account Statement of the company account for last six months
• Quotation related to vehicles [to be financed]
Business vehicle finance
Yes
Only for listed companies
No
Down Payment
10%
Heavy vehicle finance
Yes
Insurance/takaful
No
Max. finance amount
AED 1,500,000
Maximum Tenure
4 Years
Minimum Salary
AED 0
Auto type
No
Fixed rate
No
Settlement Fee
No
Processing Fee
No
Working Status
Self-Employed
Reducing rate
No
Salary Transfer
No
Monthly Payment
AED 0
EPP Tenor : 3 or 6 Months
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