Dunia Finance Dunia Used Car Loan

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Dunia Finance Bank

WarningMessage This product is discontinued by the Bank

Dunia Used Car Loan

Minimum Salary

AED 5K

Flat Rate

5.24%

Reducing Rate

9.5%

Loan Amount

AED 75K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

Apply Now
minimum salary

AED 5K

Minimum Salary

flat rate

5.24%

Flat Rate

reducing rate

9.5%

Reducing Rate

max finance

AED 75K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

Apply Now

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 9.5%
  • Minimum salary requirement is AED 5,000
  • The reducing rate and the flat rate is 9.5% and 5.24%. 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 75,000 that Dunia 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 used cars
  • Maximum repayment period is of 60 months
  • 30 minutes approval
  • Documentation is simple
  • Minimum salary requirement is low

Frequently Asked Questions

⭐ Why should I refinance my existing car loan?

A. You should refinance your existing car loan as you can get lower rate of interest on it.

⭐ What are the additional charges that I need to pay along with this loan?

A. Additional charges included in car loan are processing fee and application fee.

⭐ When do I need cosigner for my car loan?

A. You need cosigner when you have bad credit history or when you don’t meet bank’s eligibility criteria.

⭐ What are the common mistakes that people make while taking a car loan?

A. Instead of focusing on over all loan cost, one should focus on monthly cost of the car payment.

⭐ What if I am undergoing bankruptcy. Can I still apply for car loan?

A. No, Dunia bank does not provide loan to bankrupted people.

Dunia Finance

Dunia finance is a financial institution jointly owned by Waha Capital, Mubadala Development, Fullerton Financial Holdings, and A.A. Al Moosa Enterprises. The finance company provides their services in more than 30 languages and follows a unique approach to satisfy the requirements of the customers.

Dunia Finance follows the following corporate values:

  • Customer commitment
  • Striving for excellence
  • Value of people
  • Integrity and ethics
  • Serving the community

   Get in touch with Dunia Finance Customer Care

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