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CAB - New Car Loan for Professionals and Self Employed

Flat Rate
5.82%
Max. Financed Period
7Yrs
Min. Monthly Income
750JD
Down Payment
20%
Guarantor Required
No
Salary Transfer
No
Quick Info
  • Financing up to 80%
  • Comprehensive Auto insurance required
  • Repayment up to 84 months
Main Features
  • Debit burden ratio (DBR) up to 45%
  • Financing new vehicles 
  • No guarantor
  • Must mortgage vehicle against loan amount
  • Comprehensive Auto insurance
  • Max. financing amount 50,000 JD
Required Documents
  • A personal affidavit of the borrower or the authorized signatory of the company
  • Commercial Registration Certificate / Registration Certificate
  • Valid license of professions
  • Bank statement for the last 6 months
  • Audited financial statements for those who comply with the instructions (as per Central Bank circular)