SIB Car Finance
| 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
