RAKBANK - Auto Finance

RAKBANK - Auto Finance

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RAKBANK Auto Finance ensures minimum formalities and flexible repayment periods, that will put you in the driver’s seat quickly and conveniently. Low rates and extended EMIs with RAKauto Loans for pre-owned cars. Product features:
• Minimum 20% down payment required for salaried customers and maximum finance available for all business and self-employed customers.
• No salary transfer needed for salaried customers.
• No hidden charges.
• Finance available up to AED 2,000,000 for business customers and up to AED 500,000 for salaried customers.
• Finance available for new companies with length of business from 6 months onwards.
• First installment after 60 days. Finance available for insurance, rust proofing, service and maintenance contracts, and GAP if required.
• 1% early settlement fee for salaried and self-employed customers, and 5% for business entities.

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

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