| Vehicle Type | Car |
| Loan Type | Personal |
| Loan Tenor | 60 months |
| Interest Rate | 10.00% reducing (Starting from 10% up to 15% per annum, calculated on reducing balance, fixed for the duration of the loan.) |
| Flat Interest Rate | 6.44% (Equivalent flat rate derived from the representative example: 12% APR corresponds to 6.44% flat rate.) |
| Processing Fee | 1.00% (1% of the loan amount (min AED 500, max AED 2,500, exclusive of VAT).) |
Features
Loan available for brand-new cars only. Loan repaid through fixed Equated Monthly Instalments (EMI). Vehicles remain mortgaged until loan repayment is completed.
