Whether it’s a sporty roadster or a practical SUV, nothing quite matches the feeling of exhilaration racing through your veins the first time you take your car for a drive. It’s a combination of that new car smell; the pride in its pristine condition; the admiring glances from those around you. That said, buying a new car is a big commitment – especially if you’re worried about your budget. As the bank that cares, we’ll ease your mind with a loan allowing you to buy the ideal car for your lifestyle. Stop dreaming, start driving!
Benefits:
• Competitive Interest rates starting from 2.75% p.a. (flat rates). Reducing rate of 5.19% p.a.
• High financing amounts up to AED 500,000
• Fast and easy processing
• Maximum tenor up to 60 months
Eligibility:
• Earning at least AED 5,000 per month
• A UAE National or resident UAE expat
• Older than 21 years
• Working at your current employer for at least six months (if salaried)
• Less than 65 years at loan maturity (if you are a UAE National)
• Less than 60 years at loan maturity (if you are a resident UAE expat)
Business vehicle finance
No
Only for listed companies
No
Down Payment
20%
Heavy vehicle finance
No
Insurance/takaful
No
Max. finance amount
AED 500,000
Maximum Tenure
5 Years
Minimum Salary
AED 5000
Auto type
New Cars
Fixed rate
2.75%
Settlement Fee
1%
Processing Fee
No
Working Status
Both
Reducing rate
5.19%
Salary Transfer
No
Monthly Payment
AED 1429
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