Mashreq Car Loan
New Car Loans
- Low minimum salary requirement.
- Low interest rates.
- 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.)
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