Rent A Car & Fleet Finance
Rent a Car & Fleet Finance
Ajman Bank offers tailored vehicle financing solutions designed to support Small and Medium Enterprises (SMEs) in their operational and logistical needs. This financing covers vehicles used by transport companies, construction firms, freight clearing and forwarding businesses, as well as freelance operators, enabling them to generate income through contracts or ongoing projects.
In addition, financing is available for legal business entities acquiring passenger vehicles for rental purposes, including passenger transport services and bus rental operations.
Features:
- Competitive starts from 3.50% flat p.a.
- Maximum finance amount 1,500,000
- Maximum finance tenure 60 months
- Finance available for new and used cars
- Minimum Length of Business to be 4 years
- Minimum Authorized signatory age to be 25 years
- Down payment 20%
Documentation:
- Application Form duly filled up and signed by authorized signing authority
- True Copy Agency/Partnership Contract [if applicable]
- Board of Director´s Decision for LLC [if applicable]
- True Copy of Commercial Registry, trade license & list of partners
- True Copy MOA /AOA/POA/Service Agreement/ Board Resolution
- True Copy of valid passport of all the owner/s (Authorized signatories) with valid residence visa (when applicable)
- True Copy Audited Financial Report [if applicable]
- True copy Bank Account Statement of the company account for last six months
- Quotation related to vehicles [to be financed]
