Credit Bureau Consent, Welcome Offer & General Terms & Conditions

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ADIB Used Car Finance - Ijarah

ADIB Bank

Used 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%

minimum salary

AED 10K

Minimum Salary

flat rate

3.99%

Flat Rate

reducing rate

7.23%

Reducing Rate

max finance

AED 750K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arragement fee

AED 1000

Arrangement Fee

down payment

0%

Down Payment

View details on bank page

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 1.815
  • No salary transfer is required
  • Maximum loan amount is AED 150,000 that ADIB 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
  • Takaful cover fully comprehensive
  • Finance up to 80% of the car price

Frequently Asked Questions

⭐ What all extra charges are involved while applying for car loan?

A. Extra charges involved with car loan are of processing fee and application fee.

⭐ What all do I need to know while applying for a car loan?

A. You need to know your credit history, general personal information, your income and the car you are purchasing.

⭐ What common mistakes should we avoid while going for car loan?

A. You should not spend more than your loan amount while buying a car.

⭐ Is my information secured with ADIB bank?

A. Yes, your information is secured in ADIB secure server.

⭐ Do we have to provide collateral while applying for car loan in ADIB?

A. No, you need not provide collateral while applying for car loan in ADIB.

ADIB

ADIB is a Public Joint Stock company and is one of the largest banks in the UAE region. Its values include transparency in services, an atmosphere of hospitality and tolerance followed by nature of simplicity and sensibility.

ADIB stands as one of the best banks of UAE by carrying out all the transactions, contracts and services by abiding Ismalic Shari'a principles.

   Get in touch with ADIB Customer Care