Features & Benefits:
• Financing amount up to AED 1.5 Million for Individual Customers
• Financing available for up to 60 months
• Finance available for new and used cars
• No Requirement of mandatory transfer of Salary
• Option for financing Insurance and other accessories available
• Financing available for: Salaried, Self Employed, Rent a Car, Companies and Heavy Machinery
• Financing amount up to AED 5 Million for Non-Individual Customers
Fees & Charges:
• Arrangement Fee: AED 2,500
• Early Settlement Fee: 1% of the remaining balance
Documents Required:
• Personal / Business Bank Statements
• Salary Certificate / Slip
• Passport/Khulasat al Khaid copy
• Valid Visa (Expatriate customers)
• Emirates ID Card
• Quotation for vehicle being purchased
• Trade License / Memorandum of Association/ Partnership Agreement
Business vehicle finance
Yes
Only for listed companies
No
Down Payment
20%
Heavy vehicle finance
Yes
Insurance/takaful
No
Max. finance amount
AED 1.5 Million for Individual Customers. AED 5 Million for Non-Individual Customers
Maximum Tenure
5 Years
Minimum Salary
AED 5000
Auto type
Both
Fixed rate
3.25%
Settlement Fee
1%
Processing Fee
AED 2,500
Working Status
Both
Reducing rate
6.11%
Salary Transfer
Yes
Monthly Payment
AED 1446
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If you are interested in any of our products and services and would like a member of our sales team to get in touch with you
