| Minimum Salary | Salary Transfer | Early Settlement Fees | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Ahli Bank - Car Loan
|
Minimum Salary: OMR 720 | Salary Transfer: Yes | Early Settlement Fees: - | Maximum Term: 7 Years | Flat Rate: 4.49% | Reducing Rate: 8.08% |
ahlibank’s Instant Car Loan guarantees speedy approvals, offering financing for all new car purchases, at most competitive interest rates, 7 year repayment plan and high loan amounts of up to OMR 50,000 at flexi terms. The Instant Car Loan provides an extremely fast and hassle free finance solution when purchasing the car of your dreams!
The prerequisite documentation for the Instant Car Loan has been designed in a manner such that it is minimal and customer friendly and can be complied with easily, thereby giving the comfort of availing of a stress free car loan facility from the Bank.
The prerequisite documentation for the Instant Car Loan has been designed in a manner such that it is minimal and customer friendly and can be complied with easily, thereby giving the comfort of availing of a stress free car loan facility from the Bank.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to 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 of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
