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CAB - New Car Loan (Salary Transfer)

Flat Rate
4.88%
Max. Financed Period
8Yrs
Min. Monthly Income
200JD
Down Payment
0%
Guarantor Required
No
Salary Transfer
Yes
Quick Info
  • Repayment term up to 96 months
  • Comprehensive Auto insurance is not required
  • For public and listed private company employees
Main Features
  • Financing up to 100% (90% for non-listed private companies)
  • Repayment term up to 96 months
  • Minimum income is 200 JD for the public sector and 250 JD for the private sector (350 JD if private sector is not listed) 
  • Debit burden ratio dependent on salary
  • Financing new and used vehicles (not to exceed 15 years from date of manufacture)
  • No guarantor
  • Must mortgage vehicle against loan amount
  • Comprehensive Auto insurance is not required
  • Max. financed amount of 50,000 JD
Required Documents
  • A valid identification document of the borrower
  • Bank statement for the last 3 months for the public sector (new clients)
  • Bank statement for the last 6 months for the private sector (new clients)
  • Last Salary Certificate and Salary Transfer Validation (New client)