Ajman Bank – Self Employed Finance Offer
Minimum Salary
AED 0
Monthly Payment
AED 0
Down Payment
20%
Flat Rate
2.74%

APPLY ONLINE NOW

Fill in your details below and a product advisor will call you back with more details.

Benefits:

  • Maximum Finance Amount: Up to AED 400,000.
  • Competitive Profit Rates: Offers attractive and competitive rates.
  • Competitive Finance to Value: Favorable financing terms based on vehicle value.
  • Maximum Tenure: Up to 5 years.
  • Available for New and Used Cars: Financing options for both new and used vehicles.
  • Deferred First Installment: First installment can be made within 90 days for new cars and 60 days for used cars.
  • Quick and Fast Approvals: Efficient processing and rapid approval times.

Required Documents:

  • Completed Application Form: Duly filled and signed application.
  • Identification Documents: Valid passport, Khulasat al Khaim, valid visa, or UAE National ID.
  • Trade License Copy: For business applicants.
  • Bank Statement: Last 6 months of bank statements.
  • Car Quotation/Evaluation: Quotation from a franchise dealer or evaluation from 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.

Arab Bank Auto Loan
Minimum Salary
7000
Flat Rate
3.99%
Al Hilal Bank Vehicle Finance
Minimum Salary
5000
Flat Rate
2.35%
Ajman Bank – Exotic Car Finance
Minimum Salary
40000
Flat Rate
2.74%