Car Loan Interest Rates
Rates are subject to change
| 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 |
*Rates are subject to change
* You can convert reducing interest rate to flat interest rate by dividing the reducing rate by 1.80%
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