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Emirates Islamic Used Auto Finance for Individuals
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.
Used Auto Finance for Individuals
- Repayment period is up to 60 months
- The interest rate for the given finance is 2.99%
- Minimum salary requirement is AED 4,000
- The reducing rate and the flat rate is 5.48% and 2.99%.
- No salary transfer is required
- Maximum loan amount is AED 1,000,000 that Emirates Islamic 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
- High finance amount is provided by Emirates Islamic bank
- 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
- Free current account in emirates Islamic bank
- Minimum salary requirement is low
Frequently Asked Questions
⭐ Should I select car first before applying for car loan?
A. No, it is suggested to apply for loan first and then keeping budget in mind, select your dream car.
⭐ Should I refinance my current car loan?
A. You’ll be charged with lower interest rates, if you refinance your current car loan.
⭐ What if my loan application gets rejected. Can I apply for it again?
A. Yes, as long as you don’t have same circumstances as you had when your application got rejected, you can still apply for loan in Emirates Islamic bank.
⭐ Does Emirates Islamic bank offers facility of joint loan?
A. Yes, to increase your eligibility you can avail facility of joint loan in Emirates Islamic bank.
⭐ How are the rate of interest decided for a given loan?
A. Rate of interest is decided on the basis of customer’s credit history.
In order to deliver high standards of banking services, Emirates Islamic Bank was established in the year 2004. The bank is aimed to deliver services in accordance with the standards of Shariah principles. It offers a wide range of products that are designed exclusively for individuals, small businesses and large corporations.
Get in touch with Emirates Islamic Customer Care