Banque Misr- Auto Loans

Banque Misr- Auto Loans

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Features & Benefits
• No salary transfer required
• Maximum Loan Amount of AED 350,000
• Installment – 1st or 5th of every month
• Eligibility
• Salaried individuals having valid residence visa
• Minimum age requirement – 21 years
• Maximum age requirement at loan maturity – 65 years
• Length of service – 6 months or confirmed
• No of employees in company – min 50
• Documents Required
• Application Form
• Driver’s License
• Salary Certificate
• Bank Statement
• Vehicle Quotation
• Security Cheque
• Passport and Visa Copy
• Fees & Charges
• Interest Rate – Flat – 2.49% for new car
• Interest Rate – 3.75% for used car
• Processing Fee – 1% of Total Loan Amount (Min AED 500 & Max AED 2,500)

  • Business vehicle finance: No
  • Only for listed companies: No
  • Down Payment: 20%
  • Heavy vehicle finance: No

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