ADIB New Car Finance - Ijarah

adib Bank

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New Car Finance - Ijarah

Minimum Salary

AED 10K

Flat Rate

3.99%

Reducing Rate

7.23%

Loan Amount

AED 750K

Early Settlement Fee

1%

Arrangement Fee

AED 1000

Down Payment

0%

AED 10K

Minimum Salary

3.99%

Flat Rate

7.23%

Reducing Rate

AED 750K

Loan Amount

1%

Early Settlement Fee

AED 1000

Arrangement Fee

0%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.99%
  • Minimum salary requirement is AED 10,000
  • The reducing rate and the flat rate is 7.23% and 3.99%. 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 750,000 that ADCB bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is AED 1000
  • 0% down payment is required for this finance

Benefits

  • High finance amount and low minimum salary requirement is there for given finance
  • The given finance is Sharia-compliant
  • Long repayment period for this loan
  • Convenient features like one signature application
  • As low as 3.99% rates on new cars
  • Approval is quick
  • Documentation is simple
  • Finance up to 80% of the car price
  • For the first year you can get free ADIB Visa Cashback Card
  • Salary transfer is not required

Frequently Asked Questions

Q. Can I apply for car loan while on unemployment?

A. Yes, ADIB helps unemployed applicants in getting car loan.

Q. Is it safe to submit my personal information over internet?

A. Your personal information is safe with ADIB as the bank’s website has been equipped with advanced security features.

Q. Can a college student get ADIB car loan without job?

A. Yes, if a student is above 18 years then it is possible in some cases to provide car loan to unemployed students.

Q. What will happen if I don’t pay EMI’s on time?

A. You can miss 1 or 2 payments but more then that you will be treated as defaulter by ADIB bank.

Q. Can my loan application get rejected by ADIB Bank?

A. Yes, your loan application can get rejected if you don’t have good credit history.

ADIB

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