AED 10,000

Minimum Salary

AED 1,916

Monthly Payment

7.0%

Flat Rate

20%

Down Payment

  • Benefits:

    • Interest rate for new cars- 7% flat p.a.
    • Interest rate for used cars- 8% flat p.a.
    • Comprehensive Auto Insurance starting at 2.80% only with FREE personal accident cover and FREE travel insurance for Schengen countries.
    • Free for life Credit Card.
    General Information:
    • For new vehicles, the interest rate starts at 7% and for used vehicles, the interest rate starts at 8%.
    • Finance House offers loans for new and used vehicles.
    • The loan on both new and used vehicles can be obtained for a maximum of 60 months.
    • the person who is seeking the loan must be a resident with a valid UAE visa.
    • The minimum loan amount is AED 15,000/- and the maximum is AED 250,000.
    • The minimum age for getting the loan is 21 years and the maximum is 60 years.
    •  For a used vehicle the minimum down payment is 20%. For new vehicles, it is subject to Finance House approval.
    Required Documents:
    • Original passport & photocopy  (with valid UAE residence visa for expats).
    • Copy of the valid driving license.
    •  Latest 3 months’ bank statements of the account into which salary is transferred.
    • Current dated salary certificate from the employer.