Al Ain Finance PJSC Auto Financing

Minimum Salary
5.000,00 د.إ

Flat Rate
2.75%

Reducing Rate
AED 4.99%

Maximum Term
5 Years

Monthly Payment
AED 17,000

Description

Al Ain Finance is a CBUAE-licensed nonbank financial institution providing SME and corporate vehicle financing—not dedicated retail auto loans. It offers bespoke working-capital and receivables-backed finance solutions tailored to businesses rather than consumers.

Features

Product Structure & Offering

Vehicle Financing (SME/Corporate):
- Financing for single vehicles or fleets
- Structured as term loans or asset-backed facilities
- Interest rates and tenors set per client profile and collateral
No Retail Auto Loan: There is no consumer auto loan product for salaried individuals

Indicative Financing Terms

Parameter	Typical Range
Finance Amount	AED 50,000–5,000,000 (corporate)
Tenure	12–60 months (client-specific)
Finance-to-Value (LTV)	Up to 80% of vehicle or receivables
Rate Setting	Floating Corporate Lending Rate + margin (per AECB score)

Eligibility Criteria

Customer Type: Registered SMEs and corporate entities
Business Tenure: ≥2 years of operations
Financials: Satisfactory audited financial statements and receivables track record
Credit Assessment: Acceptable CBUAE rating and internal risk score

Schedule of Fees & Charges

(Indicative per Schedule of Charges)

Fee Type	Charge
Processing Fee	1.00% of facility amount (Min AED 500, Max AED 2,500)
Early Settlement Penalty	1.00% of outstanding amount (Max AED 10,000)
Deferment of Installment	AED 100 per deferment
Loan Rescheduling Fee	AED 250 per request
Insurance Fee	3.00% of financed amount + interest (Min AED 500)
Liability/No-Liability Certificate	AED 50
Post-Dated Cheque Handling	AED 25–200 per cheque (depending on service)
Cooling-Off Period	5 business days – full refund of processing fee if cancelled

All fees exclusive of VAT.

Documents Required

Corporate documents: trade licence, MOA, board resolution
Audited financials: last 2 years’ reports
Bank statements: last 6–12 months
Vehicle documentation: purchase invoice/quotation
Corporate guarantee or collateral documentation

Additional Info

Customized Structures: Tailored financing for fleets, working-capital linkage, and receivables financing.
SME Focus: Designed to address cash-flow and asset-acquisition needs of small and medium enterprises.
Flexible Tenure & Amounts: Facilities from AED 50K up to multi-million AED under single arrangement.
Quick Turnaround: Streamlined documentation process with digital onboarding and dedicated relationship managers.
Transparent Pricing: Fees and penalties published; margin linked to corporate lending rate and client AECB score.
Collateral Options: Accepts vehicle pledge, corporate guarantees, and receivables assignment.

Recommendation: Businesses seeking vehicle acquisition financing can engage Al Ain Finance for bespoke SME and corporate solutions. Salaried individuals should approach retail banks (e.g., ADCB, ADIB, Emirates NBD, RAKBANK, or Dubai Islamic Bank) for dedicated consumer auto loans.