Features & Benefits:
• Finance repayment period of up to 60 months
• Salary transfer is not required
• Minimum salary AED 3,000 is required
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
No
Only for listed companies
No
Down Payment
20%
Heavy vehicle finance
No
Insurance/takaful
No
Max. finance amount
No
Maximum Tenure
5 Years
Minimum Salary
AED 3000
Auto type
New Cars
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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