Auto Loan
| Vehicle Type | Car |
| Loan Type | Personal |
| Maximum Loan Amount | AED 600,000.00 |
| Loan Tenor | 60 months |
| Interest Rate | 6.41% reducing (Annualized Percentage Rate (APR) is fixed at 6.41% for all loan tenors.) |
| Flat Interest Rate | 3.50% (Flat interest rate is 3.50% per annum.) |
| Processing Fee | 1.00% (1% of loan amount (min AED 500, max AED 2,500). Non-refundable.) |
Features
Loan available for both new and used vehicles. Maximum tenure of 60 months for new cars and 36 months for used cars. Loan to value ratio up to 80%. Fixed interest rate for the entire term.
