Standard Chartered Bank Used Auto Finance

The Standard Chartered Bank Auto Loan will get you on the road in no time, with competitive interest rates, fast processing, reliable after-sales service and no hidden charges.

Major Advantage: High Finance amount

Points to Consider: There is down payment required, Finance available for used car only

Interest Rate: 3.5% flat rate p.a.

Processing Fees: 1% of finance amount (Min AED 500, Max 2,500)

Minimum Salary Requirement: AED 8,000

Down Payment Required: 20%

Repayment Period: 5 Years

Early Settlement Fees: 1% of outstanding amount

Sharia Compliant: No

Salary Transfer Required: No

Maximum Finance Amount: AED 1,000,000

Holiday Period: Not available

Other Features:

• Interest rate can vary depends on the profile of the customer and the dealer the car is purchased from.

• Valid passport, Resident Visa and Emirates ID Copy.
• Latest 3 months salary bank statement.
• Salary Certificate.
• Applicant should be 21 years and above.
• Any other document as required by Standard Chartered Bank policy.

• All info mentioned can change at any point in 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.