Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

0 People rated this page

Ajman Bank Auto Finance Basic Offer-New

Ajman Bank Bank

WarningMessage This product is discontinued by the Bank

Auto Finance Basic Offer-New

Minimum Salary

AED 5K

Flat Rate

1.99%

Reducing Rate

3.6%

Loan Amount

AED 500K

Early Settlement Fee

1%

Arrangement Fee

AED 500

Down Payment

20%

minimum salary

AED 5K

Minimum Salary

flat rate

1.99%

Flat Rate

reducing rate

3.6%

Reducing Rate

max finance

AED 500K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arragement fee

AED 500

Arrangement Fee

down payment

20%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 1.99%
  • Minimum salary requirement is AED 5,000
  • The reducing rate and the flat rate is 3.6% and 1.99%. 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 400,000 that Ajman bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is AED 500
  • 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
  • Finance up to 80% of the car price

Frequently Asked Questions

⭐ What will be the final price that I will have to pay for auto finance?

A. You’ll have to pay processing fee, late payment charges, prepayment charges and default payment as your final price.

⭐ Can I apply for auto finance without having valid driving license?

A. No, at least you need registered driving license to apply for auto finance.

⭐ Am I allowed to refinance my current auto loan in Ajman bank?

A. Yes, only thing you need to do is select refinance option while applying for application.

⭐ Who should apply for auto finance in Ajman bank?

A. Anyone who has valid driving license and good credit history can apply for auto finance in Ajman bank.

⭐ After submitting my application, in how many days will I get to know that my application is approved?

A. Within 1-2 days of submitting application, you’ll get to know if it got approved or rejected.

Ajman

Ajman Bank, launched in 2009 is a young, agile Islamic commercial bank that is built on the values of trust, integrity, and transparency. The Emirate's government owns 25% in the bank which is again a strong support. Their way of measuring excellence is based on how efficiently you think they respond to your financial needs. They have brought the human touch back to banking by listening to you.

Ajman Bank Personal Finance is based on the Islamic financing structure of Murabaha, a commercial transaction which involves the buy and sale of goods that has been promised to be purchased by an ultimate buyer with an added profit margin.

   Get in touch with Ajman Bank Customer Care