Vehicle Type | Car |
Loan Type | Personal |
Maximum Loan Amount | AED 1,500,000.00 |
Loan Tenor | 60 months |
Interest Rate | 6.43% reducing (Reducing rate: 6.43% per annum) |
Flat Interest Rate | 3.44% (Flat rate: 3.44% per annum) |
Processing Fee | 1.05% (1.05% of loan amount (AED 525 min, AED 2,625 max)) |
Features
Loan amounts up to AED 1.5M or 80% of vehicle value, up to 90 days grace period before first payment, comprehensive insurance required, vehicle is mortgaged to the bank.