Commercial Vehicle Finance

“I choose to drive my business forward with Ajman Bank”

​Need a new fleet of transport vehicles? Looking to diversify your business? Planning to purchase the latest construction machinery? Though our Shariah-compliant SME Commercial Vehicle Finance, our SME Banking team is always on hand to help your business run smoothly.

Why Choose Ajman Bank SME Commercial Vehicle Finance?

  • Financing up to AED 5M
  • Competitive Profit Rate & Processing Fees

Commercial Purpose Vehicle Finance

  • Authorized Business Entities engaged in Managing Commercial Vehicles against projects/work-orders.
  • Max Repayment Tenor of 4 years
  • Minimum Finance to Value is 90% & 75% for New & Used Vehicle respectively.

Rent-A-Car Finance

  • All Rent-A-Car Entities, vehicles to be utilized for rental purpose.
  • Max Repayment Tenor of 3 years
  • Minimum Finance to Value is 80% & 70% for New & Used Vehicle respectively.

Business Fleet Finance

  • Authorized Business entities, vehicle to be utilized as logistical purpose.
  • Max Repayment Tenor of 4 years
  • Minimum Finance to Value is 90% & 75% for New & Used Vehicle respectively.

Security/Collateral Requirement

  • Mortgage of Vehicle
  • Personal Guarantee
  • Undated Security Cheque
  • Comprehensive Insurance for a period of 13 months

Who is Eligible?

  • Minimum Length of Business is 2 years
  • Minimum 2 years of involvement of Managing Partner in business
  • Nil Cheque Return in last three months
  • Max. One Cheque Return in Last six months
  • Minimum Annual Sales of AED 1 Million.

For more information:

* Terms & conditions apply