Auto Loan RAKBANK
Reducing / Flat
4.26% / 2.35%
RAKBANK Car Loans ensures minimum formalities and flexible repayment periods, that put you in the driver's seat quickly and conveniently.
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- Minimum 20% down payment required for Salaried Customers, and from 0% Down Payment for All Business & Self Employed Customers.
- No salary transfer needed for salaried customers.
- First installment after 60 days.
- Flexible repayment periods up to 60 months.
- Finance available for new companies with Length of Business from 6 months onwards.
- Finance available for Insurance, Rustproofing, service and maintenance contracts, and GAP if required.
- No hidden charges.
- RAKdirect 24-hour phone banking support.
- RAKauto Loans are offered to all UAE nationals, GCC nationals and expatriates holding a valid UAE residence visa. It is available for individuals as well as company purchases.
- Minimum age requirements are 18 years and six months for registration and 20 years and six months for cheque payers.
- Driver's license.
- Salary certificate.
- Bank statement.
- Vehicle quotation.
- Security cheque.
- Passport and visa copy.