Mashreq Car Loan | MoneyCamel

Mashreq Car Loan

Mashreq Bank

Mashreq Car Loan

Used Car Loans
CAMEL VIEW
  • 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.
FEATURES
Interest/Profit Rate 
2.35 % p.a.
Maximum Loan Amount 
AED 500,000
Maximum Loan Tenure 
60 Months
My Monthly income is 
AED 5,000
Maximum Lending 
80 % of Car Value
FEES & CHARGES
Late Payment Fee 
AED 50
Early Repayment Fee 
1 % of Loan Outstanding
Rescheduling Fee 
AED250
Release Letter Fee 
AED100
Processing Fee 
1%
ADDITIONAL INFORMATION

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.
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