UAB Auto Loan will get you your dream car as quickly and conveniently as possible with minimum formalities and flexible repayment periods. UAB Auto Loan Features:
• AED 500,000 is the maximum loan amount.
• 60-months maximum tenor.
• No salary transfer required.
• Competitive Pricing.
• 2.99% flat rate (5.38% on reducing balance).
• Processing fee is 1% of the loan amount, with maximum AED 2500
• Early settlement fees are 1%
Documents Required:
• Visa and passport copy
• Salary certificate
• Appointment letter
Eligibility:
• Salary should be minimum AED 7500
• Minimum 6 months employment with the company
• Minimum age of 21 years
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 7500
Auto type
New Cars
Fixed rate
2.99%
Settlement Fee
1%
Processing Fee
1% maximum AED 2500
Working Status
Employed
Reducing rate
5.38%
Salary Transfer
Yes
Monthly Payment
AED 1437
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