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

Arab Bank Used Auto Loan

Arab Bank Bank

Used Auto Loan

Minimum Salary

AED 7.5K

Flat Rate

3.99%

Reducing Rate

7.23%

Loan Amount

AED 250K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

minimum salary

AED 7.5K

Minimum Salary

flat rate

3.99%

Flat Rate

reducing rate

7.23%

Reducing Rate

max finance

AED 250K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

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 7,500
  • 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 250,000 that Arab 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
  • 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
  • Our dedicated sales team is ready to serve you
  • Favourable interest rates

Frequently Asked Questions

⭐ What if I default in paying car loan on time?

A. If you miss one installment then bank can ignore but if you miss anything more than that will affect your credit history.

⭐ Can my friend become a co-borrower of my car loan?

A. Arab bank does not allow co-borrowing between friends.

⭐ Before applying for car loan, should I find a car?

A. No, it is suggest to apply for loan first then search for car. This way you don’t exceed your loan amount while buying a car.

⭐ What is the minimum qualification to apply for a car loan in Arab bank?

A. You need to have valid driver license and good credit score to apply for car loan in Arab bank.

⭐ Will I be charged for application of car loan?

A. No, Arab bank does not charge for application form.

Arab

With over 600 branches across five continents, Arab Bank is the largest global bank in UAE. It is headquartered in Amman, Jordan. Arab Bank is also present in key financial markets and centers such as London, Dubai, Singapore, Geneva, Paris, Frankfurt, Sydney, and Bahrain. The bank operates on the following pillars of values:

  • Trust
  • Commitment
  • Corporate responsibility
  • Service Excellence
  • Customer Focus
  • Empowerment
  • Teamwork
  • Transparency.

   Get in touch with Arab Bank Customer Care