CBD Bank Used Tamweel Car Finance

  • Minimum Salary AED 8,000
  • Flat Rate
    3.5%
  • Reducing Rate 6.4%
  • Max. Term 5 Years
  • Salary Transfer No
  • Islamic Finance No

Description

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

Major Advantage: High finance amount

Points to Consider: This finance is only for used cars

Features

Flat Rate: 3.5% p.a.

Reducing Rate: 6.40% p.a. (as per 5 years calc.)

Processing Fees: 1%

Minimum Salary Requirement: AED 8,000

Down Payment Required: 20%, 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.
  • Driving license.
  • Salary Certificate.
  • Any other documentation which may be required according to CBD Bank policies.
  • Evaluation from approved evaluator addressed to CBD Bank.

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!