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Murhaba New Car Finance - Salaried

There is a long repayment tenure of up to 60 months. You can earn 50 ADCB TouchPoints for every AED 1,000 of your finance amount. Read More

Min Salary AED 5,000
Flat Rate 2.49% p.a.
Reducing Rate 4.52% p.a.
Arrangement Fee 1%
Down Payment 20%
Max Finance Amount 1,500,000
Early Settlement Fee 1%

Great For

  • Low minimum salary requirement.
  • Avail of low profit rates.
  • Earn Touch Points with this product.

Beware

  • Low minimum salary requirement.
  • Avail of low profit rates.

Main Benefits

  • 1. High loan amounts, repayment tenure of 60 months.
  • 2. Upon successful submission of documents, the finance will take 3-5 working days to be approved.

Overview of Features

  • You are required to put 20% as down payment for this finance.
  • he maximum loan amount offered is AED 750,000.
  • For salaried individuals the minimum salary required is AED 5,000. For self employed individuals the minimum income required is AED 20,000. Your company should also have a minimum annual sales turnover of AED 360,000.
  • It is not a requirement to transfer your salary to apply
  • The processing fee is 1% of the total finance amount
  • The finance amount can be settled in full, by paying an early settlement fee of 1% on the outstanding balance.
  • The interest rate is calculated on a reducing balance.
  • The reducing rate of this finance is 10% and the equivalent flat rate is 18.14%. The calculation used is a division of the reducing rate by 1.832 and this is indicative only.