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Dunia Finance Dunia Used Car Loan
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 9.5%
- Minimum salary requirement is AED 5,000
- The reducing rate and the flat rate is 9.5% and 5.24%. 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 75,000 that Dunia 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 used cars
- Maximum repayment period is of 60 months
- 30 minutes approval
- Documentation is simple
- Minimum salary requirement is low
Frequently Asked Questions
⭐ Why should I refinance my existing car loan?
A. You should refinance your existing car loan as you can get lower rate of interest on it.
⭐ What are the additional charges that I need to pay along with this loan?
A. Additional charges included in car loan are processing fee and application fee.
⭐ When do I need cosigner for my car loan?
A. You need cosigner when you have bad credit history or when you don’t meet bank’s eligibility criteria.
⭐ What are the common mistakes that people make while taking a car loan?
A. Instead of focusing on over all loan cost, one should focus on monthly cost of the car payment.
⭐ What if I am undergoing bankruptcy. Can I still apply for car loan?
A. No, Dunia bank does not provide loan to bankrupted people.
Dunia Finance
Dunia finance is a financial institution jointly owned by Waha Capital, Mubadala Development, Fullerton Financial Holdings, and A.A. Al Moosa Enterprises. The finance company provides their services in more than 30 languages and follows a unique approach to satisfy the requirements of the customers.
Dunia Finance follows the following corporate values:
- Customer commitment
- Striving for excellence
- Value of people
- Integrity and ethics
- Serving the community
Get in touch with Dunia Finance Customer Care