Popular Car Loans
Other Car Loans From CBI
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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.
CBI Used Auto Loan
Used Auto Loan
- Repayment period is up to 48 months
- Interest rate for the given finance is 3%
- Minimum salary requirement is AED 5,000
- The reducing rate and the flat rate is 5.44% and 3%. 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 500,000 that CBI bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is AED 2500
- About 20% down payment is required for this finance
- High finance amount and low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 48 months
- Approval is quick
- Documentation is simple
- Minimum salary requirement is low
Frequently Asked Questions
⭐ Does CBI provide insurance along with the given car loan?
A. CBI provides up to 10% of the car price.
⭐ Around what percentage of car loan can CBI bank provide?
A. CBI bank can provide finance upto 80% of the car value.
⭐ What are the key elements that we consider while taking a car loan?
A. Key elements that we consider while taking a car loan are:
1. Down payment
2. Interest rate
3. Cost of car
4. Credit score
5. Length of the car loan
⭐ What do you mean by being upside down on car loan?
A. It means you owe more money to bank than the worth of car.
⭐ Do I need to provide collateral to apply for car loan in CBI?
A. No, as long as you have good credit history and your monthly income meets our given criteria, you don’t have to provide collateral in CBI.
Since its incorporation in the UAE in 1991, CBI is consistently focused on giving simple and easy-to-understand products. It is inspired by a vision of building long-term relationships. The bank offers a comprehensive portfolio of standard banking products, as well as customized financial products for Corporate, SME as part of Retail Banking. Their tailor-made services range from a personal account to financing of homes and automobiles to commercial loans and project financing. The bank work on the values of:
- Customer Focus
Get in touch with CBI Customer Care