Union National Bank New Car Loan with no salary transfer

  •   July 14, 2017


Min SalaryAED 8,000
Flat Rate (As Advertised)From 3.99% p.a.
Reducing Rate (est. equivalent)From 7.23% p.a.
Arrangement Fee1%
Down payment20%
Max Finance Amount350,000
Early Settlement Fee1%

 

MAIN BENEFITS

  • Get loan amounts of up to AED 350,000 with a repayment period of up to 60 months. This finance can be offered as per the sharia law.

OVERVIEW OF FEATURES

  • You are required to put 20% as down payment for this product.
  • Loan repayment period is up to 60 months.
  • You require a minimum salary of AED 8,000 per month to be eligible.
  • It is not a requirement to transfer your salary to apply.
  • The processing fee 1% of finance amount [Min AED 500; Max AED 2,500].
  • The early settlement fee 1% of outstanding balance.
  • The flat rate of this finance starts from 3.99% and the equivalent rate in reducing balance is 7.23%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only.
  • The flat rate of this finance is 3.99% and the equivalent rate in reducing balance is 7.23%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only.


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