Standard Chartered Bank Used Auto Finance
- Minimum Salary AED 20,000
-
Flat Rate
2.75% - Reducing Rate 5.19%
- Max. Term 5 Years
- Salary Transfer No
- Islamic Finance No
Description
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
Features
Interest Rate: 2.75% flat rate p.a.
Processing Fees: 1.05% of finance amount (Min AED 525, Max 2,625)
Minimum Salary Requirement: AED 20,000
Down Payment Required: 20%
Repayment Period: 5 Years
Early Settlement Fees: 1.05% 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.
Documents Required
- 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.
Additional Info
- 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.
MORE OPTIONS FOR YOU
Reducing Rate 5.19%
Get Help
Jessica Anderson, Finance Specialist is ready to help you!
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