CBD Bank New Tamweel Car Finance

  • Minimum Salary AED 8,000
  • Flat Rate
    2.18%
  • Reducing Rate 4.25%
  • Max. Term 5 Years
  • Salary Transfer No
  • Islamic Finance No

Description

CBD New Tamweel Car Loan will put you in the Driving seat and behind the steering wheel in no time at all.

Major Advantage: High finance amount, Attijari loyalty points

Points to Consider: This finance is only for new cars

Features

Flat Rate: 2.18% p.a.

Reducing Rate: 4.25% p.a. (as per 5 years calc.)

Processing Fees: 1%

Minimum Salary Requirement: AED 8,000

Down Payment Required: 20% but bank can increase it to 30% depends on the profile of the client

Repayment Period: 5 Years

Early Settlement Fees: 1% of outstanding amount (Max cap AED 10,000)

Sharia Compliant: No

Salary Transfer Required: Not Compulsory

Maximum Finance Amount: AED 500,000

Other Features: Earn Attijari points for every AED 1,000 of Financing amount. Get free Attijari Registration for the first year

Documents Required

  • Valid passport, Resident visa and Emirates ID Copy.
  • Latest 3 months salary bank statement.
  • Salary Certificate.
  • Driving license.
  • Evaluation from approved evaluator addressed to CBD Bank.
  • Any other documentation which may be required according to CBD Bank policies.

Additional Info

  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Flat rate is converted into reducing rate as per 5 years calculation.
  • Terms and conditions apply.

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Jessica Anderson, Finance Specialist is ready to help you!