Commercial Vehicle Finance
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:
- Walk in to our Branch
- Call us at 800 22
- Email us at Enquiry_Business_Banking@AjmanBank.ae
* Terms & conditions apply