Find right Auto Finance
At Proficient Finance, we allow car loan comparisons based on their deposit requirements, interest rates, fees & charges, and other crucial terms & conditions. An upfront analysis amongst car loans ensures that you evaluate your eligibility to acquire such a loan.
Features of Car Loans
Car Loans are way more than just driving your dream car! There are so many aspects and features of car loans that need your consideration. Some of the most crucial factors are choosing the perfect interest rates, loan amounts, tenors, fee and much more! Some of the most common features are mentioned below –
Advantages of Getting Our Services
Frequently Asked Questions
We at Proficient Finance assure you that taking out insurance on your loan is a solid backup plan. In cases of job loss, death, or illness your insurance will cover for your loan repayment obligations.
In almost all cases, you will need to show the following documents:
- Copy of valid passport, visa & Emirates ID
- Valid UAE Driving License
- Three months of bank statements that reflect regular salary credits
- Salary Certificate
When borrowers agree to pay off their loans before their designated period for payments, banks charge a settlement fee to effectuate that. Early settlement fee percentages vary from nothing to 1% or more of the total value of the car loan.
Arrangement fees are facilitation fees which are charged by banks as percentage of finance amount. Banks may club these arrangement fees into the principal loan amount, or you may choose to pay them upfront.
No, not necessarily. However, it may be convenient for the bank to deduct monthly instalments.
Depending on the banks and what they agree upon with the borrowers – can be as high as 60 months.
Most banks offer finance up to 80% of the car value. The actual loan amount will depend on your income, the loan period, and various other criteria.