| Minimum Salary | Salary Transfer | Early Settlement Fees | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
United Arab Bank - Auto Loan
|
Minimum Salary: AED 7,500 | Salary Transfer: No | Early Settlement Fees: - | Maximum Term: 5 Years | Flat Rate: 2.99% | Reducing Rate: 5.38% |
UAB Auto Loan offers you minimum formalities and flexible repayment periods to give you the keys to your dream car as quickly and conveniently as possible. Car loans in the UAE come with a host of fabulous features, benefits and advantages. Our range of auto loan variants have been carefully designed to cater to your needs.
Key Features:
** 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.
Representative Example Calculator
