CAB - Used Car Loan (up to 15 years old cars) for Public & Private sector employees (Salary Transfer)
Flat Rate
6.09%
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 (DBR) 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)
