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.
MORE OPTIONS FOR YOU
Reducing Rate 5.19%
Get Help
Jessica Anderson, Finance Specialist is ready to help you!
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