Car Finance

NOW ENJOY LOW PROFIT RATE CAR FINANCE WHEN YOU APPLY FOR A MASHREQ AL ISLAMI CAR FINANCE

Mashreq Al Islami offers financing solutions to help you get the car of your choice. Whether you are looking for a new or a pre-owned vehicle, buying from a dealer or private seller, refinancing your existing car, we have the financing solution that is right for you. Our competitive rates and streamlined approval processes help you get the car you want quickly and effectively.

TOP 3 REASONS TO AVAIL

  • Competitive Profit Rates - starting at 3.45% p.a. flat*
  • High Finance Amount - Maximum Finance of up to AED 500,000
  • Flexible Repayment Options- Repayment tenures starting from 12 month to 60 months on New & Used Cars
  • *Equivalent reducing rate 6.31% on 1 year finance tenor Terms and Conditions apply

KEY FEATURES

  • Finance available for up to 80% of the car value
  • No salary transfer required
  • Structured on the Concept of Murabaha
  • Free current account with no minimum balance

Schedule of Charges

*Terms and Conditions apply

FAQ'S

Our Car Finance facilities are available to all Salaried & Self Employed Nationals & Expatriates who are legal residents of the UAE.
For Salaried & Self Employed Customers - Minimum Age 21 years - Maximum Age 60 years on the maturity of the Finance for Expatriates & 65 years for UAE locals.
For Salaried the financing amount is up to AED 500,000 based on your requirements. You may have to make a down payment depending on the car model and/or your employment / business status.
The profit rates are extremely attractive & competitive. Rates are calculated on a reducing balance basis.
Your vehicle will be mortgaged to the bank during the period of the finance as security.
In addition to the Car Finance
  • Free Current account with zero balance for the life of the finance
  • Free ATM/Debit card accepted worldwide
  • Free cheque book facility
  • Free online banking
  • Special rates on Motor Takaful (insurance).
It is your choice depending on your ease of payment. Repayment tenures start from 12 months and can be extended up to 60 months.
The documentation listed is your relevant category is what you’ll need in order to get your finance:

For Salaried:

  • Application form
  • Valid passport copy with residence visa for expatriates
  • Emirates ID
  • Driving license
  • Salary Certificate / Salary Transfer Letter (Issued in the last 30 days)
  • Latest 3 months bank statement (Mashreq a/c not required)

For Self-Employed:

  • Application form
  • Valid passport copy with residence visa for expatriates
  • Emirates ID
  • Driving license
  • Trade license copy
  • Power of attorney (POA), in case of LLC  - Memorandum of Association (MOA) or Articles of Association (AOA), Partnership agreement
  • Latest 3 months bank statement (Mashreq a/c not required)
Click Apply Now and fill in the relevant details and click Submit.
Once you’ve successfully registered, a Mashreq expert will call you within 24 hours.
Contact us on +9714 424 4411 for more details.