Ajman Bank offers auto finance to individuals and corporates through Islamic principal of Murabaha. As per their commitment they deliver your dream vehicle in quick and easy manner yet remain true to Shariah principles
Ajman Bank Car Finance features:
- Most competitive rate
- Available for new & used cars
- Financing facility up to AED 500,000
- Financing tenure up to 60 months
- With or without salary transfer
- Simple documentation
- Quick approvals
- Special Offer for Affluent Customer for Exotic and Luxury Car Finance
- Pre-approved Credit card for all Auto Finance Customer
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.