BMW Albatha Finance PJSC Auto Loans

Minimum Salary
5.000,00 د.إ

Flat Rate
3.75%

Reducing Rate
AED 4.99%

Maximum Term
5 Years

Monthly Payment
AED 15,000

Description

BMW Albatha Finance PJSC is a captive finance partner providing tailored financing solutions for BMW, MINI, and Rolls-Royce customers in the UAE. It does not publish a standalone set of interest rates or fees; instead, it arranges dealer-bundled hire-purchase packages—both conventional and Islamic—through partner banks, with rate promotions and benefit bundles varying by model, tenure, and campaign period.

Features

Product Structure & Rate Sourcing

Dealer-Bundled Hire Purchase: Monthly instalments over 12–60 months.
Partner Banks: Financing underwritten by banks such as ADCB, Emirates NBD, Abu Dhabi Islamic Bank, and others.
Rate Types: Flat fixed rates, reducing-balance rates, or Murabaha profit margins for Islamic offers.
Promotional Rates: Promotional zero-percent or sub-1% flat rates often available on select BMW, MINI, or Rolls-Royce models.

Indicative Financing Terms

Parameter	Typical Range (Bank Offerings)
Flat Rate p.a.	From 0.00% (campaign) to ~4.50%
Reducing Balance Rate p.a.	From ~2.99% to ~7.50%
Murabaha Profit Rate p.a.	From ~2.75% to ~5.25%
Tenure	12–60 months
Down Payment	Minimum 20% of vehicle value
Finance Amount	Up to 100% for select campaigns; generally 80% LTV

Eligibility Criteria

Age: 21–65 years at maturity
Residency: UAE nationals, GCC nationals, expatriates
Income: Minimum salary per bank policy (AED 10 000–15 000 p.m.)
Employment: Salaried ≥6 months; self-employed ≥2 years
Credit History: Clean CBUAE record
Salary Transfer: Required by some partner banks for promotional pricing

Schedule of Fees & Charges

Charges vary by partner bank. Typical ranges:

Fee Type	Typical Bank Charge
Processing/Due Diligence Fee	1.00%–1.05% of financed amount (min AED 500–525)
Early/Partial/Final Settlement	1.00% of outstanding balance
Late Payment Fee	AED 50–210 per missed instalment
Post-Dated Cheque Replacement	AED 100 per cheque
Instalment Deferment	AED 100–200 per deferment; 1 free per year
Cooling-Off Period	5 business days; full refund of processing fee
Vehicle Pledge Release	Free (RTA fees apply separately)

Documents Required

Emirates ID; passport + UAE visa copy
Valid UAE driving licence
Dealer’s signed quotation/invoice addressed to the financing bank
Salary certificate + last 3 months’ bank statements (salaried)
Trade licence + audited financials + business statements (self-employed)
Completed application form and signed finance agreement
Post-dated cheques or ECS mandate covering 120% of EMI

Additional Info

Captive Finance Expertise: Dedicated financing solutions tailored to BMW, MINI, and Rolls-Royce models.
Promotional Offers: Seasonal 0%–0.99% flat-rate campaigns on select vehicles.
Bundled Benefits: Partner bank offers often include free service packages, extended warranties, and complimentary roadside assistance.
Flexible Options: Conventional hire purchase and Sharia-compliant Murabaha structures.
Dealer Integration: Seamless end-to-end process at BMW Albatha showrooms; on-site finance specialists.
Digital & In-Showroom Support: Online pre-approval tools and showroom consultations; rapid credit decision within 24–48 hours.
Customized Tenure & Down-Payment: Tailored to customer cash-flow needs and model lifecycle.