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CBD Bank New Tamweel Car Finance

CBD Bank New Tamweel Car Finance
Minimum Salary

8,000 AED

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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