Standard Auto Finance & Self-Employed
The vibrant automobile industry in the UAE has spawned auto financing with longer terms and alternative financing. Ajman Bank Sharia Compliant Finance has tie-up with all leading Auto dealerships in the UAE
catering to UAE National & Resident Individual (Salaried or Self Employed) or to legal business entities licensed by UAE government in Abu Dhabi , Dubai , Shariah & Ajman for their acquisition of primarily passengers for rental purposes or for logistic support.
Ajman Bank helps these customers to buy their dream Car under the Sharia Complaint Structure of Murabaha where the Bank buys customer car choice from Dealer/Owner and sells it to the customer on affordable and competitive installment terms.
Types of Auto Finance
- Standard Offering
- 50-50 Finance Offering
- Exotic Cars (Luxury Cars) Finance Offering
- Secured Finance Offering
- Self Employed Finance Offering
- Rent A Car Finance / Fleet Finance
We offer auto finance to individuals and corporates through Islamic principal of Murabaha. As per our commitment we deliver your dream vehicle in quick and easy manner yet remain true to Shariah principles.
Main Features
- Most competitive rate Available for new & used cars
- Financing tenure up to 60 months
- Salary Transfer is not required
- Simple documentation
- Quick approvals
- Special Offer for Priority banking Customer for Exotic and Luxury Car Finance
Auto Finance Basic Offer
- Finance available New Car and Used Car
- Maximum Finance amount
New Cars:
1,500,000
Used Cars:
750,000
- Maximum tenure up to 60 Months
- Down payment 20% for new and used cars
Auto finance 50-50 Offer
- 1 Month Bank Statement
- Finance available New Car and Used Car
- Finance Amount up to 1.5 Million
- Salaried and self-employed
Auto Finance Exotic Car Offer
- Finance Amount up to 2,000,000 Finance available New Car and Used Car
- With or without salary transfer
- Maximum tenure up to 48 Months
Secured Finance Offer
- Finance available New Car and Used Car
- Cash Collaterals: 110% (for all types)
- Available for Salaried and self-employed
- Salary transfer is not required
