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Emirates Islamic Used Auto Finance for Self Employed

Emirates Islamic Bank

Used Auto Finance for Self Employed

Minimum Salary

AED 20K

Flat Rate

3.8%

Reducing Rate

6.96%

Loan Amount

AED 750K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

minimum salary

AED 20K

Minimum Salary

flat rate

3.8%

Flat Rate

reducing rate

6.96%

Reducing Rate

max finance

AED 750K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

View details on bank page

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.80%
  • Minimum salary requirement is AED 20,000
  • The reducing rate and the flat rate is 6.96% and 3.80%.
  • No salary transfer is required
  • Maximum loan amount is AED 750,000 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

Benefits

  • 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
  • Documentation is simple
  • Free current account in emirates Islamic bank
  • Minimum salary requirement is low

Frequently Asked Questions

⭐ What is 0% financing rate while applying for car loan in Emirates Islamic bank?

A. It is nearly impossible to get 0% financing without having a excellent credit history.

⭐ Where should I get auto loan from,a dealer or a bank?

A. You should always take a loan wherever you find best possible deals that suits your deals.

⭐ Can we negotiate interest rates for car loan in Emirates islamic bank?

A. Yes, if you have good credit history, then you can negotiate interest rates 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.

⭐ I am newly employed in a company. Will I still be able to apply for car loan in Emirates Islamic bank?

A. Yes, all you need to do is provide income proof while applying for car loan.

Emirates Islamic

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