Minimum Salary
5.000,00 د.إ
Flat Rate
2.25%
Reducing Rate
AED 4.99%
Maximum Term
5 Years
Monthly Payment
AED 17,400
CBD’s auto financing offers attractive flat interest rates starting from 2.18% p.a., financing up to 80% of the vehicle’s value (maximum AED 500,000), tenures up to 60 months, and a transparent fee structure with a 5-day cooling-off period and flexible deferment options.
| Fee Type | Charge |
| Processing Fee | 1% of loan amount – min AED 525, max AED 2,625 (VAT applicable) |
| Early/Partial Settlement | 1% of outstanding balance or AED 10,500, whichever is lower (VAT applicable) |
| Deferment Request | AED 105 per deferment |
| Loan Reschedule | AED 262.50 per request |
| Late Payment Penalty | 2% over agreed rate – min AED 50, max AED 200 per instalment |
| Post-dated Cheque Replacement | AED 100 per cheque |
| Liability Letter to Other Banks | AED 63 (VAT inclusive) |
| Cooling-Off Period | 5 business days – full refund of fees |
| Vehicle Mortgage Release (post-settlement) | No bank charges (RTA fees apply separately) |
All fees and charges inclusive of 5% VAT unless stated otherwise.
| Applicant Type | Documents |
| All Applicants | Emirates ID; valid passport with UAE visa; driver’s licence; dealer’s quotation; post-dated cheque (≤120% of finance) |
| New Customers | Original 3 months’ bank statements |
| Salaried | Salary certificate |
| Self-Employed | (Not applicable for conventional loan) |
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