Secured Auto Finance
This exclusive offering allows customers to leverage returns from their Wakala (Fixed Deposit) to secure Auto Finance at a preferential profit rate, while enjoying a seamless process with minimal documentation.
Features & Benefits*:-
- Cash Collaterals: 110% (for all types)
- No Mortgage required
- No Bank Statements required
- No restrictions on Nationality
- Extremely Low discounted profit rates
Documentation:
- Duly completed and signed application form
- Valid passport/Khulasat al Khaid Copy/Valid visa/UAE National ID
- Lien formed signed by the customer to pledge the Wakala against the finance
- Wakala amount need to be equal to 110% of the finance amount.
- Car Quotation from franchise dealer or Evaluation from an approved evaluator
