Vehicle Type | Car |
Loan Type | Personal |
Maximum Loan Amount | AED 500,000.00 |
Loan Tenor | 60 months |
Interest Rate | 3.75% reducing (Flat interest rate ranges from 3.75% to 4.5% per annum. Equivalent reducing rate is approximately 6.86% p.a.) |
Flat Interest Rate | 3.75% (Flat rate varies from 3.75% to 4.5% per annum.) |
Processing Fee | 1.00% (1% of loan amount (min AED 500, max AED 2,500).) |
Features
Finance available for new and used cars. Fast loan approval. No salary transfer required. Loan term up to 60 months for new cars, 48 months for used cars.