Under this product variant, a customer approaches the Bank and requests for financing his dream car while he pays 50% of the car value to the dealer and wants to finance the other 50% with little documentation and no car restrictions.Benefits:
- Only 1 month Bank Statement is required.
- Extremely Competitive Profit Rates.
- Minimum Salary AED 5,000.
- No Salary Transfer is required.
- Maximum Finance amount up to AED 500,000.
- Maximum Finance tenure up to 5 years.
- Finance available for new and used cars.
- First Installment within 90 days for new cars and 60 days for used cars.
- Quick and Fast Approvals.
- Duly completed and a signed application form.
- Valid passport/Khulasat al Khaid Copy/Valid visa/UAE National ID.
- 1 months Bank statement.
- Labour card copy.
- Salary Certificate.
- Copy of Trade License (Self-employed).
- Car Quotation from a franchise dealer or Evaluation from an approved evaluator.