The advantages of Al Baraka auto financing include:

  • Minimal initial deposit requirement
  • Absence of monthly administrative fees
  • Competitive pricing
  • Option for annual lump sum payments on lease agreements
  • Flexible terms extending up to 72 months

Why does Clube Utua endorse Al Baraka vehicle financing?

Now is the opportune moment to contemplate purchasing or upgrading your vehicle. Al Baraka car financing offers tailored solutions to suit your circumstances.

With fixed interest rates subject to annual review, you can finance your vehicle over a period of up to 72 months, ensuring terms align with your financial situation.

Vehicles, whether new or used, can be financed within five years of their model launch. Financing for new vehicles exclusively entails variable installments, while fixed installment modalities are reserved for used vehicles.

What are variable installments?

This financing option involves annual monetary adjustments to interest rates based on the outstanding financed amount. For Al Baraka vehicles, this financing type boasts the following features:

  • Applicable to new or demonstration vehicles
  • Financing term of up to 60 months with a 10% deposit
  • Fixed rates for 12 months with annual review, and the option for lump sum payments
  • Absence of monthly administrative fees and penalties for early settlement
  • Maximum vehicle age of 6 months
  • Maximum mileage of 10,000 km

What are fixed installments?

Fixed installments entail a predetermined interest rate applied directly to the contract amount, ensuring consistent installment values throughout the financing period. Here are the key contract features:

  • Fixed rate for the entire financing term of up to 72 months
  • No monthly administrative fees and no penalties for early settlement
  • Vehicles must be purchased from a recognized dealer, less than 6 years old, with a 10% deposit
  • Applicable to both new and used vehicles
  • Maximum vehicle age of 6 years
  • Maximum mileage of 120,000 km

Author’s perspective:

Financing presents an attractive avenue for acquiring goods when lump sum purchases are not feasible. At Al Baraka, financing arrangements are meticulously tailored by the consumer and the bank’s consultants to minimize the financial impact during the financing period.

Eligibility requirements for Al Baraka car financing are streamlined to facilitate access to your new vehicle. Explore the possibilities today!

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