Noor Bank Used Auto Finance

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Noor Bank Bank

Used Auto Finance

Minimum Salary

AED 5K

Flat Rate

2.99%

Reducing Rate

5.47%

Loan Amount

AED 500K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

Apply Now
minimum salary

AED 5K

Minimum Salary

flat rate

2.99%

Flat Rate

reducing rate

5.47%

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

Apply Now

View details on bank page

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.99%
  • Minimum salary requirement is AED 5,000
  • The reducing rate and the flat rate is 5.47% and 2.99%. This denotes that the computation done was a division of the reduction rate by 1.83
  • No salary transfer is required
  • Maximum loan amount is AED 500,000 that Noor 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

  • Financing is provided for passenger vehicles
  • High finance amount is provided by Noor 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
  • 24 hour pre-approval
  • Financing up to AED 500,000 for expats and AED 750,000 for UAE Nationals

Frequently Asked Questions

⭐ What common mistakes should we avoid while going for car loan?

A. You should not spend more than your loan amount while buying a car.

⭐ Is my information secured with Noor bank?

A. Yes, your information is secured in Noor secure server.

⭐ Should I get auto finance from a dealer or a bank?

A. You should get a loan wherever you find a better deal and suits your requirements.

⭐ Who should apply for auto finance in Noor bank?

A. Anyone who has valid driving license and good credit history can apply for auto finance in Noor bank.

⭐ After submitting my application, after how many days will I get that my application is approved?

A. Within 1-2 days of submitting application, you’ll get to know if it got approved or rejected.

Noor

Established in January 2008, Noor Bank (formerly known as Noor Islamic Bank), is a young bank providing a wide range of products and service. With a Mission of ‘wanting to be ranked among the top 100 most-innovative companies in the world’ and a Vision ‘to be recognised as the financial icon of Dubai’, the bank follows these values :

  • Customer Centricity
  • Innovation
  • Determination
  • Integrity
  • Responsibility

They believe that Islamic banking has the flexibility and the openness to enable them to offer a wide range of products and services when approached correctly.

   Get in touch with Noor Bank Customer Care

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