About Car Loans
At the point when the opportunity arrives to purchase a dream vehicle and you understand that the main thing remaining among you and unadulterated driving rapture is the absence of cash to purchase the vehicle, it’s time to head in for a car loan.
A vehicle loan ensures you get the chance to make your fantasies come true so that you can partake in the vehicle today and pay for it tomorrow. Some of them might make the reimbursements significantly simpler by expanding offers like take the vehicle now and EMI will begin following 3 to a half years with the goal that you don’t encounter an over-the-top monetary weight in the underlying long stretches of claiming the vehicle.
At agfdubai.com you can analyze car loans dependent on; loan costs, store prerequisites, expenses and charges, and other relevant loan terms so you can think about the main vehicle finance items and secure the best arrangement for your necessities. You can likewise check your vehicle loan qualification and apply online in a split second.
Features of Car Loans
Car loans are set up so that you can figure out how to get the best out of your advances by purchasing the vehicle you need, yet additionally, by picking the financing costs you need, the amount you want as a loan, the time you need to take to take care of it, and significantly more. Given underneath a portion of the normal elements of vehicle loans in the UAE.- Car loans can begin from AED 10,000 and surprisingly go as high as AED 1,500,000
- Reimbursement period range from 12-60 months
- Appealing interest rates. You can pick between flat interest rates or reducing balance interest rates
- Benefit from the finance of up to 80% of the vehicle cost
- Car loan facility accessible for both New and Used vehicles
Car Loan Interest Rates
| Interest Rate Reducing** | 3.99% to 18.00%* |
| Processing Fees | 1% of loan amount Min. AED 500 Max. AED 2500 |
| Early Settlement | 1% of remaining balance |
| NOC to Traffic department | Without fee |
| Replacement of existing post dated Cheques with new post dated Cheques | Without fees |
| Advance payment of installment | 1% of the advanced payment |
| Change of due date on standing instructions | AED 25 |
| Installment deferment charges | AED 100 per deferment |
| Loan Rescheduling | AED 250 |
| Late payment penal interest charges | 2% over agreed rate, Min. AED 50 Max. AED 200 |
| All other items not mentioned above | Without fees |