Vehicle Type | Car |
Loan Type | Personal |
Maximum Loan Amount | AED 500,000.00 |
Minimum Loan Amount | AED 40,000.00 |
Loan Tenor | 60 months |
Interest Rate | 5.62% reducing (Profit rate starts from 5.62% to 8.29% on reducing balance per annum) |
Processing Fee | 1.00% (1% of finance amount (Min AED 525, Max AED 2,625)) |
Features
Sharia-compliant Murabaha financing; Tenor up to 60 months