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Car Loan Provided By CBD
Features of CBD Car Loan
- Competitive interest rates (from 2.75% flat)
- Flexible tenures (up to 60 months)
- Finance available for used cars and new cars,/li>
- Option to Defer from installments
- Easy documentation
- Quick Approvals
Eligibility Criteria of CBD Car Loan
- Minimum Age: 21 years
- Minimum Monthly Income: AED 8000
Maximum Age (On maturity):
- UAE Nationals: 65 years
- Expatriates: 60 years
Documents Required of CBD Car Loan
- Valid Emirates ID/Khulasat Al Qaid (For UAE Nationals)
- Copy of valid passport (For expatriates)
- Valid residence visa (For expatriates)
- Past 3 months active bank account statements
- Salary certificate (stating the duration, salary, incentives/bonus etc. if any)
- Driver’s license (Valid in UAE)
- Dealer’s Quotation
Note: The bank may ask for more documentation to be done if necessary. Contact the nearest branch for more details.
CBD Car Loan Interest rates
4 CBD Bank Car Loans
Murabaha Vehicle Finance(New)
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.75%
- Minimum salary requirement is AED 8,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.75%
- Minimum salary requirement is AED 8,000
- The reducing rate and the flat rate is 5% and 2.75%. This denotes that the computation done was a division of the reduction rate by 1.814
- No salary transfer is required
- Maximum loan amount is AED 500,000 that CBD 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 old cars
- Maximum repayment period is of 60 months
- Approval is quick
- Documentation is simple
- Minimum salary requirement is low
- Registration of the vehicle will be given on third party name
- Finance up to 80% of the car price
- You can earn upto 50 Attijari points for every AED 1,000 of finance
Murabaha Vehicle Finance(Used)
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.5%
- Minimum salary requirement is AED 8,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.5%
- Minimum salary requirement is AED 8,000
- The reducing rate and the flat rate is 6.4% and 3.5%. 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 500,000 that CBD 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 old cars
- Maximum repayment period is of 60 months
- Approval is quick
- Documentation is simple
- Minimum salary requirement is low
- Registration of the vehicle will be given on third party name
- Finance up to 80% of the car price
- You can earn upto 50 Attijari points for every AED 1,000 of finance
New Tam-Wheel
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 5%
- Minimum salary requirement is AED 8,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 5%
- Minimum salary requirement is AED 8,000
- The reducing rate and the flat rate is 5% and 2.75%. 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 500,000 that CBD 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 old cars
- Maximum repayment period is of 60 months
- Approval is quick
- Documentation is simple
- Minimum salary requirement is low
- Registration of the vehicle will be given on third party name
- Finance up to 80% of the car price
- You can earn upto 50 Attijari points for every AED 1,000 of finance
Used Tam-Wheel
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 6.4%
- Minimum salary requirement is AED 8,000
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 6.4%
- Minimum salary requirement is AED 8,000
- The reducing rate and the flat rate is 6.4% and 3.5%. 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 500,000 that CBD 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 old cars
- Maximum repayment period is of 60 months
- Approval is quick
- Documentation is simple
- Minimum salary requirement is low
- Registration of the vehicle will be given on third party name
- Finance up to 80% of the car price
- You can earn upto 50 Attijari points for every AED 1,000 of finance
About CBD
Commercial Bank of Dubai (CBD) offers a wide range of retail and commercial banking products and services, in both conventional and Shariah-compliant formats, with a network of 26 branches and over 210 ATMs throughout the UAE. The bank endeavors to build sustainable prosperity through extraordinary banking experiences. CBD commits to:
- Authenticity
- Simplicity
- Partnership
- Innovation
- Responsibility
- Excellence
Get in touch with CBD Bank Customer Care