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Car Loan

House Loan

Kafalat

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Loans / Car Loan

AMOUNT
- NEW CARS: USD 40,000.
- USED CARS: USD 20,000.

REPAYMENT PERIOD
- NEW CARS: 60 MONTHS.
- USED CARS: 48 MONTHS.

INTEREST RATES
- NEW CARS: 5% (FLAT).
- USED CARS: 5.5% (FLAT).

CHARGES
LOAN PROCESSING FEE: USD 60

SPECIFIC CONDITIONS
- MONTHLY REPAYMENT NOT EXCEEDING 30% OF NET INCOME.
- LIEN OF THE CAR.
- COMPREHENSIVE CAR INSURANCE POLICY.


REQUIRED DOCUMENTS
- COPY OF IDENTITY CARD.
- BORROWER’S DRIVING LICENCE.
- HOUSING CERTIFICATE, OR ELECTRICITY BILL, OR WATER BILL.
- CAR REGISTRATION DOCUMENTS.
- RECENT SALARY SHEETS AND EMPLOYMENT CERTIFICATE.
- ANY OTHER DOCUMENTS WHICH MAY BE REQUIRED.

APPLICATIONS
FOR FURTHER INFORMATION, PLEASE VISIT ANY OF OUR BRANCHES.

 


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Last update 31/01/2008