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