United Arab Bank New Auto Loan


    Min SalaryAED 6,000
    Flat Rate (As Advertised)3.75% p.a.
    Reducing Rate (est. equivalent)6.8% p.a.
    Arrangement Fee1%
    Down payment20%
    Max Finance Amount500,000
    Early Settlement Fee1%

     

    MAIN BENEFITS

    • Loan amounts up to AED 500,000
    • Repayment period up to 60 months.

    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 6,000 per month to be eligible.
    • It is not a requirement to transfer your salary to apply.
    • The processing fee is 1% of the principle amount.
    • The early settlement fee is 1% of principle amount.
    • The rate is calculated as a flat rate.
    • The flat rate of this finance is 3.75% and the equivalent rate in reducing balance is 6.8%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only.

    United Arab Bank - Dubaisavers

    More on United Arab Bank 

    United Arab Bank will be the trusted partner and the UAE bank of choice for customers, shareholders, and employees, leading the way to greater financial prosperity while remaining committed to the highest … see more..

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