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CBD Used Tam-Wheel

CBD Bank

Used Tam-Wheel

Minimum Salary

AED 8K

Flat Rate

3.5%

Reducing Rate

6.4%

Loan Amount

AED 500K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

minimum salary

AED 8K

Minimum Salary

flat rate

3.5%

Flat Rate

reducing rate

6.4%

Reducing Rate

max finance

AED 500K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

View details on bank page

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 6.4%
  • Minimum salary requirement is AED 8,000
  • The reducing rate and the flat rate is 6.4% and 3.5%. 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 500,000 that CBD 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
  • You can earn upto 50 Attijari points for every AED 1,000 of finance

Frequently Asked Questions

⭐ Does my age and occupation matter while applying for car finance in CBD?

A. Yes, you need to be at least 18 years old and should meet bank’s minimum salary requirement to apply for car finance in CBD.

⭐ What all documents are required to apply for vehicle finance in CBD?

A. To apply for vehicle finance, we need following documents:
1. 20% down payment is required
2. You should have valid passport and residence visa
3. 3 months latest bank statement
4. Quotation that is addressed to CBD

⭐ Am I allowed to transfer my car loan multiple times?

A. It is not advisable as it leaves a wrong impression.

⭐ Does bank offer us what we ask for?

A. No, bank only offers 80% of car value.

⭐ Does taking vehicle finance mean I can’t apply for any other loan?

A. No, you can apply for other loans. However bank will examine your repayment capacity while giving you loan.

CBD

Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:

  • Authenticity
  • Simplicity
  • Partnership
  • Innovation
  • Responsibility
  • Excellence

   Get in touch with CBD Customer Care