Features
- Up to 60 months Repayment period
- The rate for finance is 2.59 % interest
- AED 5,000 Minimum salary requirement
- 4.7% and 2.59% reducing the rate and the flat rate. Division of the reduction rate by 1.814
- No salary transfer is required
- AED 1,000,000 Maximum loan amount that ADCB bank can provide
- 1% Early settlement fee of the finance amount
- AED 1000 Processing fee
- A down payment 20% is required for this finance
Advantages:
- Generous Financing and Low Salary Requirement: The financing offers a substantial amount with a minimal salary requirement.
- Sharia-Compliant Financing: The provided financing adheres to Sharia principles, ensuring compliance with Islamic financial standards.
- Extended Repayment Duration: Enjoy a prolonged repayment period, providing flexibility in managing your loan obligations.
- Convenient One-Signature Application: Experience ease with a streamlined application process requiring just one signature.
- Competitive Rates Starting at 2.59% for New Cars: Benefit from highly competitive interest rates, starting as low as 2.59% for new car purchases.
- Swift Approval Process: Expect a quick approval turnaround, facilitating a seamless and efficient financing experience.
- Straightforward Documentation: Simplify the paperwork with a straightforward documentation process, making the application hassle-free.
- Up to 80% Financing of Car Price: Finance up to 80% of the total car price, providing substantial support for your vehicle purchase.
- Complimentary ADIB Visa Cashback Card for the First Year: Enjoy the added perk of a free ADIB Visa Cashback Card for the initial year of your financing.
- No Mandatory Salary Transfer: Unlike some financing options, there is no requirement for a mandatory salary transfer.
- Reduced Contribution Amount from Abu Dhabi National Takaful: Vehicles covered by Abu Dhabi National Takaful benefit from a lower contribution amount, enhancing affordability and financial flexibility.
Required Documents:
- Original and copy of valid passport (with valid residence visa for expatriates)
- Original and copy of valid Emirates ID
- Bank account statement (last 3 months)
