Union National Bank Used Car Loan with no salary transfer


    Min SalaryAED 8,000
    Flat Rate (As Advertised)4.12% p.a.
    Reducing Rate (est. equivalent)7.47% p.a.
    Arrangement Fee1%
    Down payment20%
    Max Finance Amount250,000
    Early Settlement Fee1%

     

    MAIN BENEFITS

    • Get loan amounts of up to AED 250,000 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% to 30% as down payment for this product depending on whether your company is listed or not.
    • Loan repayment period is up to 48 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 is 1% of finance amount [Min AED 500; Max AED 2,500].
    • The early settlement fee is 1% of outstanding balance.
    • The rate starts from 4.12%. For used cars, the car cannot be more than nine years old at the end of the loan tenure.
    • The flat rate of this finance is 4.12% and the equivalent rate in reducing balance is 7.47%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only.

    UNB - Dubaisavers

    More on UNB 

    Union National Bank among the top banks in the United Arab Emirates. UNB offer individual, corporate and SME customers banking and financial services through extensive network of retail, corporate and SME offices … see more..

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