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.

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Habib Bank New Car Loan

Habib Bank Bank

New Car Loan

Minimum Salary

AED 8K

Flat Rate

2.49%

Reducing Rate

4.73%

Loan Amount

AED 500K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

minimum salary

AED 8K

Minimum Salary

flat rate

2.49%

Flat Rate

reducing rate

4.73%

Reducing Rate

max finance

AED 500K

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 2.49%
  • Minimum salary requirement is AED 8,000
  • The reducing rate and the flat rate is 4.73% and 2.49%. This denotes that the computation done was a division of the reduction rate by 1.814
  • No salary transfer is required
  • Maximum loan amount is AED 500,000 that Habibi 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 Habibi 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
  • Minimum salary requirement is low

Frequently Asked Questions

⭐ Are interest rates negotiable in Habibi bank?

A. If you are a loyal customer then Habibi may offer you lower interest rates.

Is my personal information safe with Habibi ?

A. Your personal information is safe with Habibi as the bank’s website has been equipped with advanced security features.

⭐ Why is it advised to refinance your existing car loan?

A. It is advised to refinance your existing car loan as you get advantage of lowering interest rates and monthly payments.

⭐ While applying for car loan on the approved auto deals, what can be the validity for credit approval of loan?

A. The validity of credit approval is 60 days in Dubai Islamic

⭐ Does Habibi Bank finance old models of vehicles?

A. Habibi Bank can finance up to 10 years old model.

Habib

The Habib Bank has been present in Dubai for more than four decades now and has grown by leaps and bounds over the years. The bank offers various financial services in a professional manner to with the multi-cultural business community in UAE. Headquartered in Switzerland and having had a presence in UAE since 1974, the Habib Bank AG Zurich (HBZ) is amongst the top 5 international banking corporations in the UAE.

The HBZ follows the following corporate values:

  • Trust
  • Integrity
  • Respect
  • Responsibility
  • Commitment
  • Teamwork

   Get in touch with Habib Bank Customer Care