Features and Benefits

• Car loan amount up to AED 500,000
• Available on new vehicles only
• Flexible Repayment period
• Attractive rate of interest (starting at 2.75% per annum)
• Free VISA Classic or Gold Credit Card

Fees and Charges

• Processing Fees : 1% of Loan Amount with minimum AED 500 & maximum AED 2,500

Eligibility

• UAE Nationals  with salary transfer
• No minimum service period criteria
• Minimum salary criteria applies

• UAE Nationals and Expatriates without salary transfer
• Available to customer minimum 21 years of age and 60 years of age at maturity of loan
• Minimum length of service of 1 year with current employer
• Minimum salary criteria applies

• Self-employed individuals and businesses
• Minimum length of time in business for 1 year

Documents Required

• For all customers
• Application form and agreement Kit to be completed
• A copy of your passport & Emirates ID
• A copy of residency visa (if applicable)
• Proof of address or business address (e.g. utility bill, tenancy contract)
• Any other documents at the discretion of the Bank

• For salaried individuals
• 3 months bank statements
• A salary certificate and a copy of most recent pay slip

• Self-employed individuals and businesses
• Valid copy of passport and emirates ID 
• 6 months bank statements of Business Account
• Other documents may be requested at the discretion of the bank

Teams and conditions apply