Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
Ajman Bank - Auto Finance For Companies Ajman Bank - Auto Finance For Companies Minimum Salary: AED 0 Salary Transfer: No Early Settlement Fees: - Maximum Term: 4 Years Flat Rate: - Reducing Rate: -
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Ajman Bank offers finance to legal business entities licensed by UAE government in Abu Dhabi, Dubai, Shariah & Ajman for their acquisition of primary passengers for rental purposes or for logistic support.

Rent-A-Car Finance

Financing of vehicles extended to legal business entities for their acquisition of primarily passenger vehicles for rental purpose. Including the passenger transport and bus rental (as per the Trade license activity).

Fleet Finance

Financing for the acquisition of vehicles to be used by Small & Medium Enterprise for logistical support purpose. Financing of vehicles to be used by transport companies, construction companies, freight clearing and forwarding companies and freelance operators for the purpose of generating income from contracts or for projects under execution.

Allowed sectors: Trading/Manufacturing/Contracting/Service-oriented concerns operating under the legal framework of UAE.


Benefits:

  • Maximum Finance amount up to AED 1,500,000
  • Maximum Finance tenure up to 4 years
  • Up to 90% Finance Available
  • Extremely Competitive Profit Rates
  • Quick and Fast Approvals
Required Documents:
  • Application Form duly filled up and signed by an authorized signing authority
  • True Copy Agency/Partnership Contract [if applicable]
  • Board of Director's Decision for LLC [if applicable]
  • True Copy of Commercial Registry, trade license & list of partners
  • True Copy MOA /AOA/POA/Service Agreement/ Board Resolution
  • True Copy of valid passport of all the owner/s (Authorized signatories) with valid residence visa (when applicable)
  • True Copy Audited Financial Report [if applicable]
  • True copy Bank Account Statement of the company account for last six months
  • Quotation related to vehicles [to be financed]

** 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 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.
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