Ajman Bank offers the Individual Standard Car Loan 2023, a comprehensive financing solution designed to assist individuals in fulfilling their dream of owning a car. With attractive features, competitive rates, and a convenient application process, Ajman Bank’s Car Loan 2023 aims to make car ownership more accessible and convenient for customers.

Features

• Ajman Bank’s Individual Standard Car Loan 2023 offers competitive profit rates, ensuring that customers can finance their car purchases without incurring excessive charges. This makes car ownership more affordable and manageable.
• Ajman Bank understands that each customer has unique financial needs. With the Individual Standard Car Loan 2023, customers can enjoy flexible financing options tailored to their preferences. Whether you prefer a shorter repayment tenure with higher monthly installments or a longer tenure with lower monthly payments, Ajman Bank provides options to suit your financial capabilities.
• Depending on your eligibility and the value of the car, Ajman Bank offers a high financing limit to help you purchase your desired vehicle. This allows customers to finance a significant portion of the car’s cost, reducing the upfront payment required.
• Ajman Bank ensures a prompt response to loan applications. With a streamlined approval process, customers can expect efficient handling of their applications, allowing them to acquire their desired vehicle in a timely manner.
• Ajman Bank offers Takaful coverage options to protect your vehicle against unforeseen events. Including comprehensive Takaful coverage as part of the loan, package provides customers with peace of mind while driving their new car.
• Ajman Bank is committed to transparency in its loan offerings. There are no hidden charges or unexpected fees, allowing customers to plan their finances effectively and avoid any surprises throughout the loan tenure.

Eligibility Criteria

• Applicants must be at least 21 years old at the time of application and should not exceed the maximum age limit set by the bank.
• Customers applying for the Individual Standard Car Loan should have a stable source of income, whether employed or self-employed. Salaried individuals are generally required to have a minimum employment period, while self-employed individuals need to provide proof of business stability.
• Ajman Bank evaluates applicants based on factors such as credit score, repayment history, and existing debts. A good credit history increases the chances of loan approval.
• The Individual Standard Car Loan 2023 is available to both UAE nationals and expatriates residing in the UAE. Applicants need to provide proof of residence, such as a valid residence visa or Emirates ID.

Required Documents

• Valid passport, Emirates ID (for UAE nationals and residents), and visa for expatriates.
• Salaried employees should provide salary certificates for the past few months, while self-employed individuals need to submit audited financial statements or bank statements that reflect their income.
• Recent bank statements that reflect the customer’s financial transactions, including salary deposits and any other sources of income.
• The quotation or invoice from the car dealership indicating the vehicle’s price and specifications.
• Copy of the vehicle registration card (for used cars) or booking confirmation (for new cars).
• Additional documents may be required based on individual circumstances. These may include trade licenses, company documents, or property-related documents.