CAB - Used Car Loan (up to 10 years old cars) for Professionals and Self Employed
Flat Rate
6.37%
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%
- 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)
