Vehicle Type | Car |
Loan Type | Personal |
Maximum Loan Amount | AED 750,000.00 |
Minimum Loan Amount | AED 50,000.00 |
Loan Tenor | 60 months |
Interest Rate | 5.38% reducing (Interest rate starts from 5.38% to 8.92% reducing balance per annum) |
Flat Interest Rate | 3.00% (Equivalent flat rate of 3.00% per annum based on example calculation) |
Processing Fee | 1.05% (1.05% of loan amount (Min AED 525, Max AED 2,625, non-refundable, includes VAT)) |
Features
Flexible repayment up to 60 months; Available for new and used cars; Quick approval process