Compare Financial Products
Select 2-4 products to compare side by side. See fees, rates, rewards and eligibility at a glance.
| Feature |
Car Loan
|
National Loan Scheme
|
|---|---|---|
| Loan maturity | — | — |
| Applicant Age | — | — |
| Monthly Installments | — | — |
| Markup Rate(Fixed) | — | — |
| Financing limit | — | — |
| Repayment tenure | — | — |
| Life insurance coverage | — | — |
| Financed Amount | ||
| Security Deposit | ||
| Minimum monthly income (Salary, ) | ||
| Eligibility | If your total monthly income is minimum AED 8,000. UAE National aged between 21 and 65 years (at the loan maturity). Expatriate aged between 21 and 60 years (at the loan maturity) | — |
| One-time Processing Fee | — | — |
| Annual Charges | — | — |
| Limit enhancement fee | — | — |
| Late payment charges | — | — |
| Loan Category | — | — |
| Maximum Tenure | Tenures of up to 60 months to suit your needs with possibility of payment deferral | Tenure should be > 4 Years for regular customers and for MOD customers tenure should be > 5 years |
| Tentative rate | — | — |
| Additional Benefits | Finance available for both new and used cars, Simple documentation and fast processing and Tenures of up to 60 months to suit your needs with possibility of payment deferral. | DSR with CBD should be greater than 50% for regular customers and for Pensioners greater than 30% |
| Free Insurance & Processing Fee | — | — |
| Interest Rate | Competitive Interest Rates | Interest rate/Profit rate to be reduced to 3M EIBOR. |
| Loan Amount | — | — |
| Card/Cards | — | — |
| Borrrowing Amount | — | — |
| Educational Loan | — | — |
| Return Policy | — | — |
| Deferment Conditions | Deferment facility | — |
| Flat rate | — | — |