Mashreq Car Loan | MoneyCamel

Mashreq Car Loan

Mashreq Bank

Mashreq Car Loan

New Car Loans
CAMEL VIEW
  • Low minimum salary requirement.
  • Low interest rates.
  • 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.)

Maximum loan amount of AED 500,000 with finance repayment period of up to 60 months.

  • To be eligible for this finance, minimum monthly salary should be AED 5,000 if your company is listed with the bank. For companies not listed, minimum monthly income should be AED 7,000.
  • You are required to put 20% as down payment for this product
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