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Arab Bank New Auto Loan
New Auto Loan
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.49%
- Minimum salary requirement is AED 7,500
- The reducing rate and the flat rate is 4.52% and 2.49%. This denotes that the computation done was a division of the reduction rate by 1.813
- No salary transfer is required
- Maximum loan amount is AED 3,650,000 that Arab bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is 1% of the finance amount
- About 20% down payment is required for this finance
Benefits
- High finance amount and low minimum salary requirement is there for given finance
- Finance can be provided for new as well as old cars
- Maximum repayment period is of 60 months
- Approval is quick
- Documentation is simple
- Minimum salary requirement is low
- Registration of the vehicle will be given on third party name
- Finance up to 80% of the car price
- Our dedicated sales team is ready to serve you
- Favourable interest rates
Frequently Asked Questions
⭐ What if I have bad credit history?
A. If you have bad credit history, you may use cosigner to increase your eligibility for the finance.
⭐ How long can a loan last for in Arab bank?
A. A car loan generally last around one to seven years in any bank.
⭐ What if I am not able to repay my car loan on time?
A. It is suggested to inform to inform the bank at the earliest, if you’re not able to pay loan on time.
⭐ What do you mean by APR while applying for car loan?
A. Annual percentage rate lets you know how much a loan will cost to you.
⭐ Will I be charged for application of car loan?
A. No, Arab bank does not charge for application form.
Arab
With over 600 branches across five continents, Arab Bank is the largest global bank in UAE. It is headquartered in Amman, Jordan. Arab Bank is also present in key financial markets and centers such as London, Dubai, Singapore, Geneva, Paris, Frankfurt, Sydney, and Bahrain. The bank operates on the following pillars of values:
- Trust
- Commitment
- Corporate responsibility
- Service Excellence
- Customer Focus
- Empowerment
- Teamwork
- Transparency.
Get in touch with Arab Bank Customer Care