✅Flexible Tenure: Repayment periods up to 60 months.
✅High Financing Limits: Finance amounts up to AED 1 million for individuals.
✅Competitive Profit Rates: Starting from 2.15% p.a. (flat) [3.93% p.a. reducing].
✅No Salary Transfer Required: Simplifying the application process.
Why Do We Recommend Al Islami Auto Finance?
Al Islami Auto Finance stands out for its customer-centric approach, offering high financing limits and flexible repayment options. With competitive profit rates and no requirement for salary transfer, it caters to a wide range of customers seeking Sharia-compliant auto financing solutions.
The bank’s commitment to accessibility is evident through its simple documentation process and the availability of dedicated auto finance staff across key dealerships, ensuring a seamless experience from application to driving your new or used car.
Author’s Opinion:
One of the standout features of Al Islami Auto Finance is its competitive profit rates. For instance, if you finance AED 100,000 over 60 months at a flat rate of 2.15% p.a., your annual profit would be AED 2,150, totaling AED 10,750 over the loan term. This results in an approximate monthly installment of AED 1,845, making it an affordable option for many customers.
Additionally, the no salary transfer requirement and a minimum salary threshold of AED 3,000 make this product accessible to a broader audience, including self-employed individuals and those purchasing used vehicles.
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