|Minimum Salary||Salary Transfer||Early Settlement Fees||Maximum Term||Flat Rate||Reducing Rate|
|Bank Audi New Cars Loan||Minimum Salary: USD 530||Salary Transfer: Yes||Early Settlement Fees: -||Maximum Term: 5 Years||Flat Rate: 3.9%||Reducing Rate: 7.02%|
Whether you want a brand-new sports car, an SUV or a simple daily driver, Bank Audi got all the solutions to meet your needs and budget.
- Currency - USD
- Minimum Down Payment - Starting at 25%
- Interest Rate - 4.25% if 25% ≤ Down Payment < 30% - 3.90% if Down Payment ≥ 30%
- Loan Period - Up to 5 years
- Car Model - 2016 and 2017
- Obligatory Insurance - Free for the 1st year onlyst year only
- Life Insurance - Included in the loan
- Copy of ID
- Driving License
- Proof of Income
- Proof of Residence
** Calculator Definitions
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.