Al Hilal Bank Vehicle Finance
Minimum Salary
AED 0
Monthly Payment
AED 0
Down Payment
20%
Flat Rate
2.35%

APPLY ONLINE NOW

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

Features:

  • Shariah-Compliant: Finance based on Islamic principles.
  • Approval Process: Fast and simple.
  • Profit Rates: Competitive rates.
  • Finance Amount: High financing available.
  • Tenure: Flexible up to 5 years.
  • Fees: No hidden documentation or study fees.
  • Salary Transfer: Not required.
  • Joint Income: Possible with blood relatives only.
  • Vehicle Registration: Can be in the name of a blood relative.

Eligibility:

  • Minimum Salary: AED 5,000.
  • Down Payment: 20% required.

Required Documents:

  • Passport: Valid copy.
  • Residence Visa: Copy of the visa page (if applicable).
  • Bank Statements: Latest 3 months.
  • Quotation: Addressed to Al Hilal Bank.
  • Additional Documentation: Any further documents as required by Al Hilal Bank policies.

Note: Other terms and conditions apply.

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%
Ajman Bank – Exotic Car Finance
Minimum Salary
40000
Flat Rate
2.74%
Ajman Bank – 50 – 50 FINANCE
Minimum Salary
5000
Flat Rate
-%