Credit Bureau Consent, Welcome Offer & General Terms & Conditions
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Car Loan Provided By Ajman
Features of Ajman Car Loan
- Highly Competitive Profit Rates
- Loans upto AED 500,000
- Repayment tenures up to 5 years
- No mandatory salary transfers
- Pre-approved credit card for all applicants
- Simple documentation & quick approval of finance
Ajman bank offer 6 different types of auto finances:
- Standard Offering
- 50-50 Finance Offering
- Exotic Cars (Luxury Cars) Finance Offering
- Secured Finance Offering
- Self Employed Finance Offering
- Rent A Car Finance / Fleet Finance
Documents Required of Ajman Car Loan
- Valid passport
- Copy of Khulasat al Qaid (For UAE Nationals Only)
- UAE National ID (For UAE Nationals Only)
- Valid residence Visa(For Expatriates)
- Past 3 months active bank account statements
- Labor card copy
- Salary Certificate (From Employer stating the name, duration, salary and bonus/incentives if any)
- Copy of Trade License (For Self-employed)
- Car Quotation from franchise dealer Or
- Evaluation from an approved evaluator
Note: Visit the nearest branch for more information. Also, the bank may ask for more documentation, if it sees necessary.
Ajman Car Loan Interest rates
3 Ajman Bank Car Loans
Standard Car Loan
Features
- Maximum tenure of 5 years is provided
- A minimum salary of AED 5000 is required
- Maximum finance of AED 600,000 is provided
Features
- Maximum tenure of 5 years is provided
- A minimum salary of AED 5000 is required
- Maximum finance of AED 600,000 is provided
Benefits
- Salary transfer is not mandatory
- Can get finance for both used and new cars
- Quick approval
- High finance is provided
Exotic Car Finance
Benefits
- Salary transfer is not required
- High finance is provided to purchase luxury brand vehicles
- Quick processing of loan
Features
- Flat rate of 2.74% and reducing rate of 5.2% is charged
- A minimum salary of AED 40,000 is required
- Maximum finance of AED 500,000 is provided
- A minimum downpayment of 20% is required
Benefits
- Salary transfer is not required
- High finance is provided to purchase luxury brand vehicles
- Quick processing of loan
Self-Employed Finance Offer
Features
- Maximum tenure of 5 years is provided
- Interest rates charged are 2.74%(flat rate) and 5.2%(reducing rate)
- A minimum income of AED 8000 is required
Features
- Maximum tenure of 5 years is provided
- Interest rates charged are 2.74%(flat rate) and 5.2%(reducing rate)
- A minimum income of AED 8000 is required
- Maximum finance of AED 400,000 is provided
- A down payment of 20% is required
Benefits
- For new cars, can pay the first installment in 90 days after the loan is disbursed
- For old cars, can pay the first installment in 60 days after the loan is disbursed
- Quick approval of the loan
- High finance is provided
About Ajman
Ajman Bank, launched in 2009 is a young, agile Islamic commercial bank that is built on the values of trust, integrity, and transparency. The Emirate's government owns 25% in the bank which is again a strong support. Their way of measuring excellence is based on how efficiently you think they respond to your financial needs. They have brought the human touch back to banking by listening to you.
Ajman Bank Personal Finance is based on the Islamic financing structure of Murabaha, a commercial transaction which involves the buy and sale of goods that has been promised to be purchased by an ultimate buyer with an added profit margin.
Get in touch with Ajman Bank Customer Care