Exchange Rate

9 July 2020
Buy
Sell
0.04766
0.04921
4.5855
4.6936
3.655
3.685
4.1075
4.2327
0.03385
0.03464
CHF
3.8781
3.9652

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EMI Calculator

Amount
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AED 20,000,000
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100%
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12 MONTHS

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AED 20,000,000
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IBAN Generator

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Car Loan

  • Key Features
  • Eligibility
  • Charges
  • Apply Online

Key Features

  • Maximum loan amount of AED 1.250 Mn
  • Competitive ROI starting at 2.75% (flat) or 5.50% reducing balance
  • Flexible repayment options up to 48 months(new cars) & 36 months (used cars)

Eligibility

For Salaried Class

  • Holder of valid UAE Driving License.
  • Minimum Salary or Monthly income of AED.4000/-
Salaried
Self Employed
  • Application form
  • Valid Passport with residence visa page for Expatriates
  • Valid Emirates ID
  • Driving License
  • Salary Certificate / Salary Transfer letter (Issued in last 30 days)
  • Latest 3 months bank statement
  • Application form
  • Valid Passport with residence visa page for expatriates
  • Valid Emirates ID
  • Driving license
  • Trade license copy
  • Power of attorney (POA), in case of LLC – Memorandum of Association (MOA) or Article of Association, Partnership agreement
  • Latest 3 months bank statement

*Terms & Conditions apply.

Charges

Rate of Interest*: 3% p.a. (flat rate) or 6.00% p.a. (reducing balance) , subject to change from time to time
Processing Charges *: 1% of loan amount
Prepayment Charges*: 1% of amount of loan outstanding , minimum AED 250

Apply Online

Occupation Details

Bank Account Details

References

 
 

Application Form

Bank of Baroda

Sh Rashid Building, 2nd Floor,
Ali Bin Abi Talib Street,
P.O. Box 3162, Bur Dubai, UAE

T : +971 4 313 6666

T : +971 4 316 6600

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