Auto Finance Features
- Interest Rate: Competitive rates starting from 2.18% flat per annum.
- Repayment Period: Flexible terms up to 60 months.
- Finance Options: Available for both new and used cars.
- Deferment Facility: Option to defer payments.
- Processing: Easy documentation with fast processing.
Documents Required
- Identification: National ID or valid passport, residence visa, and Emirates ID.
- Bank Statements: Original 3 months’ bank statement for new customers.
- Income Verification: Salary certificate.
- Driver’s License: Valid UAE driver’s license.
- Vehicle Quotation: Dealer’s quotation for new or used car.
Eligibility Criteria
- UAE Nationals: Aged between 21 and 65 years (at the loan maturity).
- Expatriates: Aged between 21 and 60 years (at the loan maturity).
- Income Requirement: Minimum total monthly income of AED 8,000.
