SIB Car Finance

Sharjah Islamic Bank

Sharjah Islamic Bank logo
Vehicle Type Car
Loan Type Personal
Maximum Loan Amount AED 1,000,000.00
Minimum Loan Amount AED 20,000.00
Loan Tenor 60 months
Interest Rate 2.49% reducing (Profit rates start at 2.49% flat p.a. for new cars, 2.99% flat p.a. for used cars)
Flat Interest Rate 2.49% (Flat rates vary: UAE Nationals (2.49% - 2.75%), Expats (2.75% - 2.99%))
Processing Fee 1.00% (1% of finance amount for salaried applicants (Min AED 500, Max AED 2,000); 1.25% for self-employed applicants (Min AED 600))

Features

Sharia-compliant Murabaha financing; Quick approval process; Financing for new and used vehicles

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