Ajman Bank – Exotic Car Finance
Minimum Salary
AED 0
Monthly Payment
AED 0
Down Payment
20%
Flat Rate
2.74%

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Benefits:

  • Finance Amount: Up to AED 500,000.
  • Car Types: Available for new and used exotic cars including Ferrari, Maserati, Lamborghini, Rolls-Royce, Bentley, Aston Martin, and Maybach.
  • Tenure: Up to 48 months.
  • Salary Transfer: Finance available with or without salary transfer.

Required Documents:

  • Completed Application Form: Duly filled and signed.
  • Identification Documents: Valid passport, Khulasat al Khaim, valid visa, or UAE National ID.
  • Bank Statement: Last 3 months.
  • Salary Certificate: To verify income.
  • Trade License Copy: For self-employed individuals.
  • Car Quotation/Evaluation: From a franchise dealer or an approved evaluator.
Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

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