The Commercial Bank of Dubai – Tamweel Car Loan New Features, a tailored financing solution to transform your dream of owning a car into a reality. With competitive features, transparent terms, and a hassle-free application process, the Tamweel Car Loan ensures a seamless journey toward vehicle ownership. Whether you’re considering a new or used car, this financing option is designed to meet your diverse needs. Experience the ease and reliability of Commercial Bank of Dubai’s Tamweel Car Loan as you embark on the road to driving your desired vehicle.
Eligibility Criteria
- UAE Nationals, aged between 21 and 65 years at the loan maturity, are eligible.
- Expatriates can apply if aged between 21 and 60 years at the loan maturity.
- Ensure a minimum total monthly income of AED 8,000 for successful eligibility.
Distinctive Features
- Begin your car ownership journey with a competitive interest rate, commencing at 2.18% flat.
- Enjoy a flexible repayment window extending up to 60 months, providing ample time for convenient financial management.
- Avail finance for both new and used cars, ensuring flexibility and catering to diverse preferences.
- Benefit from a deferment facility, offering financial flexibility and adaptability.
- Experience a seamless process with easy documentation and swift processing.
Required Documentation For Tamweel Car Loan
- Submit either your National ID or valid passport, along with your residence visa and Emirates ID.
- For new customers, provide the original 3 months’ bank statement, offering insight into your financial standing.
- Include your Salary Certificate to streamline the verification process.
- Ensure your Driver’s License is part of the documentation for a comprehensive application.
- Present the dealer’s quotation for either a new or used car.
