RAK Auto Loan (Business) | MoneyCamel

RAK Auto Loan (Business)

RAK Bank

RAK Auto Loan (Business)

New Car Loans
CAMEL VIEW
  • Flexible repayment periods.
  • First installment payment only after 60 days.
  • No hidden charges.
  • Loan approval will be given in 60 minutes at ''Fast Lane".
FEATURES
Interest/Profit Rate 
4.25 % p.a.
Maximum Loan Tenure 
60 Months
Maximum Lending 
80 % of Car Value
FEES & CHARGES
Late Payment Fee 
AED 100
Early Repayment Fee 
5 % of Loan Outstanding
Rescheduling Fee 
AED250
Installment Deferment Fee 
AED100
Release Letter Fee 
AED50
Processing Fee 
1.5%
ADDITIONAL INFORMATION

First Installment due after 45-60days. Option to defer 10 installments.

The rate mentioned is flat rate.

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