Minimum Salary
5.000,00 د.إ
Flat Rate
AED 3.75%
Reducing Rate
6.98 %
Maximum Term
5 Years
Monthly Payment
AED 14,844
CBI Auto Finance is a facility that can be availed for purchasing a vehicle in UAE. This loan can be used to finance the purchase of a new vehicle.
Major Advantage: High finance amount
Points to Consider: To get better rate salary transfer is required, Finance only for new cars
Interest Rate: If Salary transferred, then rate starts at 3.75% which is a flat rate. If Salary is not transferred, then rate starts at 4%
Processing Fees: 1% (Min 500, Max 2,500)
Minimum Salary Requirement: AED 5,000
Down Payment Required: 20%
Repayment Period: 5 Years
Early Settlement Fees: 1% of outstanding amount
Sharia Compliant: No
Salary Transfer Required: Not Compulsory
Maximum Finance Amount: AED 500,000 for salary transfer customers, AED 250,000 for non-salary transfer customers
Holiday Period: Deferment Available with charge of AED 100 per deferment
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