Mashreq Car Loan
Used Car Loans
- The flat rate of this finance is 2.35% and the equivalent rate in reducing balance is 4.31%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only.
- Minimum loan tenure is 1 year.
- Minimum salary for unlisted companies' employees must be AED 7,000.
2.35 % p.a.
Maximum Loan Amount
Maximum Loan Tenure
My Monthly income is
80 % of Car Value
FEES & CHARGES
Late Payment Fee
Early Repayment Fee
1 % of Loan Outstanding
Release Letter Fee
Interest Rates start at flat rate of 2.35% p.a. (reducing balance rate-4.31% p.a.)
Get a maximum loan amount of AED 500,000 with a repayment period of up to 60 months.
- The early settlement fee is 1% of outstanding balance.
- You are required to put 20% as down payment for this product.