CBD Murabaha Vehicle Finance(Used)

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CBD Bank

Murabaha Vehicle Finance(Used)

Minimum Salary

AED 8K

Flat Rate

3.5%

Reducing Rate

6.4%

Loan Amount

AED 500K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

Apply Now
minimum salary

AED 8K

Minimum Salary

flat rate

3.5%

Flat Rate

reducing rate

6.4%

Reducing Rate

max finance

AED 500K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

Apply Now

View details on bank page

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

Frequently Asked Questions

⭐ If I already have existing car loan with CBD. Can I apply for another one?

A. Yes, you can apply for another loan but only after bank evaluates your application properly.

⭐ What if I am newly employed. Can I still apply for car loan in CBD?

A. Yes, you just need to provide proof of your monthly income to the bank.

⭐ Can I get lowest monthly payment on my car loan?

A. Yes, if you have good credit history then you can have lowest monthly payments.

⭐ Can I make early payments without any penalty charged?

A. Yes, but prepayment charges will be applied to your loan.

⭐ Can I get car loan without getting insurance for it?

A. No, it is mandatory to get insurance while you are applying for car loan.

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 Customer Care

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