Habib Bank Used Car Loan

    Min SalaryAED 8,000
    Flat Rate (As Advertised)From 2.99% p.a.
    Reducing Rate (est. equivalent)From 5.65% p.a.
    Arrangement Fee1%
    Down payment20%
    Max Finance Amount500,000
    Early Settlement Fee1%



    • Finance repayment period is up to 60 months
    • The maximum finance amount is AED 500,000.


    • You are required to put 20% as down payment for this finance.
    • Finance repayment period is up to 60 months; The maximum finance amount is AED 500,000.
    • You require a minimum salary of AED 8000 per month to be eligible.
    • It is not a requirement to transfer your salary to apply, however this is preferred by the bank.
    • The processing fee is 1% of the total finance amount.
    • The early settlement fee is 1% of outstanding balance.
    • The rate is calculated as a flat rate. For used cars, the car cannot be more than eight years old at the end of the loan tenure.
    • The flat rate of this finance is 2.99% and the equivalent rate in reducing balance is 5.65%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only.

    Habib Bank - Dubaisavers

    More on Habib Bank 

    Habib Bank AG Zurich has been operating in the United Arab Emirates since 1974 and takes pride in its long-standing relationships with the multi-cultural business community. HBZ is viewed as one of … see more..

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