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Standard Chartered New Auto 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.
New Auto Loan
- Repayment period is up to 84 months
- Interest rate for the given finance is 2.49%
- Minimum salary requirement is AED 5,000
- The reducing rate and the flat rate is 4.72% and 2.49%. 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 1,000,000 that Standard Chartered 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 Standard Chartered 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 84 months
- Documentation is simple
- Loan can be provided upto 100% vehicle price
Frequently Asked Questions
⭐ Does Standard Chartered Bank finance commercial vehicles?
A. Yes, Standard Chartered Bank provides finance for commercial vehicles also.
⭐ Does Standard Chartered Bank provide finance to seasonal workers?
A. Yes, Standard Chartered Bank provides finance to seasonal workers.
⭐ Do I need to be a regular employer to get a car loan in Standard Chartered Bank?
A. No, it depends on case to case. If you have good credit history and you can proof your regular income then Standard Chartered Bank might consider you.
⭐ Do we have to provide collateral while applying for car loan in Standard Chartered Bank?
A. No, as long as you don’t have bad credit score and you satisfy our eligibility criteria, you don’t have to provide collateral while applying for car loan.
⭐ When do I have to pay higher interest rates for my finance?
A. If you don’t have good credit score and you don’t match bank’s eligibility criteria, then you might be asked to pay higher interest rates.
A leading international banking group, with a rich history of over 150 years, Standard Chartered Bank (SCB) has been present in the UAE since 1958. SCB offers a range of products under Islamic and Conventional banking and is one of the leading financial institutions in UAE. Their main objective is ‘to offer outstanding value to customers and clients by providing a knowledgeable, efficient and reliable service in a personal, helpful and responsive manner’.
Corporate Values of the Standard Chartered Bank:
- Reliability in Service
- Personal Approach
- Helpful and Responsive Mannerisms
Get in touch with Standard Chartered Customer Care