SimplyLife Car Loan

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 information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website 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. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.

Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.

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SimplyLife Bank

WarningMessage This product is discontinued by the Bank

Car Loan

Minimum Salary

AED 8K

Flat Rate

3.3%

Reducing Rate

5.99%

Loan Amount

AED 1500K

Early Settlement Fee

AED 0

Arrangement Fee

1%

Down Payment

20%

Apply Now
minimum salary

AED 8K

Minimum Salary

flat rate

3.3%

Flat Rate

reducing rate

5.99%

Reducing Rate

max finance

AED 1500K

Loan Amount

early settlement fee

AED 0

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 5.99%
  • Minimum salary requirement is AED 8,000
  • The reducing rate and the flat rate is 5.99% and 3.3%. This denotes that the computation done was a division of the reduction rate by 1.814
  • Salary transfer is not required
  • Maximum loan amount is AED 1,500,000 that SimplyLife bank can provide
  • Early settlement fee is AED 0
  • Processing fee is 1% of the finance amount
  • About 20% down payment is required for this finance

Benefits

  • High finance amount is provided by SimplyLife 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

Frequently Asked Questions

⭐ Do we have to pay any extra fees for early settlement of loan?

A. No, in SimplyLife you don’t have to pay any extra fees for early settlement of loan.

⭐ What if I want to change the loan amount that I applied for?

A. If you want to decrease the loan amount then there is no problem but if you want to increase the loan amount then you will have to contact bank.

⭐ Do I need to have insurance on the vehicle on which I am getting the finance?

A. Yes, you need to have insurance on the vehicle before taking delivery.

⭐ Do I need to be a regular employer to get a car loan in SimplyLife Bank?

A. No, it depends on case to case. If you have good credit history and you can proof your regular income then SimlyLife Bank might consider you.

⭐ My car was recently repossessed. Can I get loan on pre-approved car?

A. If your credit score is not bad and your account shows balance then you can get loan for pre-approved car in SimplyLife bank.

SimplyLife

In April 2014, Abu Dhabi Commercial Bank (ADCB) launched a consumer finance brand focused on quick and easy personal finance products – SimplyLife. Launched as a strategic business unit of ADCB, SimplyLife endeavors to offer personal finance options to people with minimum documentation and a simplified application process. ‘Don’t let life’s special moments pass you by’ is the mission statement of SimplyLife and their policies are centered on making loans quicker and easier. For emergencies, SimplyLife has a priority call back service which can be availed of by sending an SMS ‘emergency’ to 2636.

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