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Habib Bank Used Car Loan
Used Car Loan
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.99%
- Minimum salary requirement is AED 8,000
- The reducing rate and the flat rate is 5.65% and 2.99%. This denotes that the computation done was a division of the reduction rate by 1.815
- No salary transfer is required
- Maximum loan amount is AED 500,000 that Habibi 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 is provided by Habibi bank
- 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
- Documentation is simple
- Minimum salary requirement is low
Frequently Asked Questions
⭐ Can I change due date of my loan?
A. You can contact Habibi bank’s customer care service on 4 387 0700 and ask them to review your due date.
⭐ Can I get fixed rate car loan in Habibi bank?
A. Yes, in Habibi bank the interest rate on your car loan will be fixed for the term.
⭐ Before applying for car loan, should I find a car?
A. No, it is suggest to apply for loan first then search for car. This way you don’t exceed your loan amount while buying a car.
⭐ What is the minimum qualification to apply for a car loan in Habibi bank?
A. You need to have valid driver license and good credit score to apply for car loan in Habibi bank.
⭐ Will I be charged for application of car loan?
A. No, Habibi bank does not charge for application form.
Habib
The Habib Bank has been present in Dubai for more than four decades now and has grown by leaps and bounds over the years. The bank offers various financial services in a professional manner to with the multi-cultural business community in UAE. Headquartered in Switzerland and having had a presence in UAE since 1974, the Habib Bank AG Zurich (HBZ) is amongst the top 5 international banking corporations in the UAE.
The HBZ follows the following corporate values:
- Trust
- Integrity
- Respect
- Responsibility
- Commitment
- Teamwork
Get in touch with Habib Bank Customer Care