RAKBANK - RAK Auto Loan

RAKBANK - RAK Auto Loan

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RAKBANK Car Loans ensures minimum formalities and flexible repayment periods, that put you in the drivers seat quickly and conveniently. Features & Benefits:
• Minimum 20% down payment required for Salaried Customers, and from 0% Down Payment for All Business & Self Employed Customers
• No salary transfer needed for salaried customers
• No hidden charges
• Finance available up to AED 3,000,000 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 Additional Benefits:
• First installment after 60 days.
• Finance available for Insurance, Rust proofing, service and maintenance contracts, and GAP if required Eligibility:
• RAKauto Loans are offered to all UAE nationals, GCC nationals and expatriates holding a valid UAE residence visa. It is available for individuals as well as company purchases
• Minimum age requirements are 18 years and six months for registration and 20 years and six months for cheque payers Documents Required:
• Driver's license
• Salary certificate
• Bank statement
• Vehicle quotation
• Security cheque
• Passport and visa copy

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

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