ADIB Smart Account

Check Eligibility for SimplyLife
Car Loan

You are eligible to apply for a SimplyLife
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 8000 required to apply for a SimplyLife Car Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

SimplyLife Car Loan Calculator

Car Loan Provided By SimplyLife

Check Eligibility for SimplyLife Car Loan

You are eligible to apply for a SimplyLife
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 8000 required to apply for a SimplyLife Car Loan .

Click here to check loans from other banks.

SimplyLife Car Loan Calculator

ADIB Smart Account

Features of SimplyLife Car Loan

  • Wide Variety of loans for new, used and commercial vehicles
  • Finance Up to 80% of car’s value
  • Loans upto AED 1.5 million
  • Long repayment tenures up to 5 years
  • Assistance with insurance finance

Documents Required of SimplyLife Car Loan

  • Fully Filled Application Form
  • Passport copy
  • Labour Card / Govt issued ID card copy / Khulasat Al-Qaid
  • Emirates ID card copy
  • Salary Certificate/ Salary Transfer letter (For Salaried Applicants)
  • Past three months active bank statements for self-employed(Six months for salaried)
  • Trade License & MOA (for self employed applicants)
  • Driving License copy (for individual registration)
  • Vehicle Registration
  • Quotation of price from the seller

Note: The financier may ask for more documentation to be done, if necessary. Please contact the nearest ADCB branch for details.

SimplyLife Car Loan Interest rates

SimplyLife Bank

1 SimplyLife Bank Car Loans

Car Loan

minimum salary

Minimum Salary

AED 8K

flat rate

Flat Rate

3.3%

reducing rate

Reducing Rate

5.99%

loan amount

Loan Amount

AED 1500K

early settlement fee

Early Settlement Fee

AED 0

arrangement fee

Arrangement Fee

1%

down payment

Down Payment

20%

minimum salary

AED 8K

Minimum Salary

flat rate

3.3%

Flat Rate

reducing rate

5.99%

Reducing Rate

loan amount

AED 1500K

Loan Amount

early settlement fee

AED 0

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 5.99%
  • Minimum salary requirement is AED 8,000

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

View details on bank page

About 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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