Features:
- Loan Amounts: Up to AED 7 million.
- Financing Coverage: Up to 90% of the vehicle value.
- Eligible Vehicles: Wide range of passenger cars and minibuses.
- Business Requirement: Minimum of 1 year in operation.
Documents Required:
- Bank Statements:
- Last 6 months for amounts over AED 250,000.
- Audited financial statements for businesses with revenue equal to or exceeding AED 1 million.
- Identification:
- Passport copy with valid visa page of the business owner, director, or partner.
- Vehicle Information:
- List of the current vehicle fleet used by the company.
- Business Documentation:
- Copy of Trade License.
- Memorandum of Association.
- Power of Attorney (if applicable).
This vehicle financing option from Gulf Finance provides substantial support for businesses looking to expand their fleet with up to AED 7 million in loans and financing coverage up to 90%.