Dunia Finance Dunia Used Car Loan

Dunia Finance Bank

WarningMessage This product is discontinued by the Bank

Dunia Used Car Loan

minimun salary

Minimum Salary

AED 5K

flat rate

Flat Rate

5.24%

reducing rate

Reducing Rate

9.5%

max loan

Loan Amount

AED 75K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

down payment

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

Q. 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.

Q. 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.

Q. 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.

Q. 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.

Q. 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

Ask questions and share your comments

We encourage our users to have discussion on questions they might have on financial products and help other users by sharing their insights. Kindly help us in making this site useful. We don't encourage any spam posts here. This is a public forum, so we request you to be safe by not disclosing personal information such as bank account or phone numbers etc. Please follow our posting guidelines. All the comments posted under MyMoneySouq official account are not reviewed by the financial institutions.