At AL MASRAF we are committed to providing you with banking solutions that reflect your beliefs. If you would like to own the car of your dreams, whether new or used, we can help you finance it.
Under AL Waseelah Vehicle Murabaha Scheme, the bank will, at your request, purchase your dream car from the authorized dealer and resell it to you at a predetermined rate. The advantage is that you will be well aware of our profit markup and your initial installment when signing the deal and this won’t change throughout the financing term. This arrangement allows you to take immediate possession and ownership of your vehicle and spread your capital expenditure over a period of time.
Benefits :
Profit rates start as low as 5.5%
Repayment tenor up to 72 months
No down payment required
No processing fees charged
Instant loan approval
The possibility of two installments deferrals per year
No guarantors required
No hidden charges
Temporary release of mortgage is permitted to perform Hajj and Umrah pilgrimage duties
Partial payment allowed
Early settlement facilities
Extra Value and Convenience
Quick approval and turnaround time
For more information on our services, Please visit any of our branches or call our customer service Toll Free: 800 21 99
* All features and benefits are subject to the bank’s terms and conditions.
