Why should you go for a Car Refinance from Mashreq?
If you have purchased a car but are finding it difficult to meet the monthly repayments on the loan, you have the option of car refinance to lower your burden. Car refinance allows you to avail a second loan to repay the first and then continue paying EMIs as usual. The terms and rates of interest associated with a refinance are simpler and make it easier for customers to have better control over their finances.
About Mashreq Bank
Mashreq Bank has developed into one of the largest and most successful financial institutions in the UAE. It has been operating since 1967 and has improved its presence across the Gulf, with an increasing number of branches being set up in Bahrain, Qatar, Egypt and Kuwait. There are currently 12 branches across nine nations in Africa, the US, Asia and Europe, and the bank offers an extensive range of products including personal accounts, debit and credit cards, loans, investment banking, etc.
Car Refinance at Mashreq Bank
Mashreq Bank offers car refinance to any customer who has an existing car loan and needs help in making payments or reduce the debt. Following are some of the key features of Mashreq Bank car refinance.
Features of Mashreq Bank Car Refinance
- 70% of the car value can be refinanced
- The bank will decide on approval within 24 hours
- Customers receive a Platinum Elite Credit Card free for the first year of the loan, with the potential to save more than AED 20,000
- Overdraft facility of almost AED 100,000 available to customers in the first year of loan
- More than 4000 Salaam Reward Points for every AED 10,000 borrowed from the bank
- Complementary Current Account
Benefits of Choosing Mashreq Bank for Car Refinance
Mashreq Bank is an established banking institution that has earned a strong reputation in the UAE thanks to its provision of top quality financial products and services. If you choose Mashreq Bank for loans, be it personal or auto loans, there are different options at your disposal so you can find the deal that best suits your needs. Moreover, the customer service provided by the bank and the commitment of the managers and executives are second to none, ensuring that customers have all the support they need when it comes to making sound financial decisions.
Other products offered by the Mashreq Bank in the UAE:
You may also read these articles related to Auto Loans and Vehicle Loans in the UAE:
All the top banks in the UAE offer car loans at competitive rate of interest, flexible repayment options and a wide range of benefits for both new cars as well as used cars. But out of so many, which car loans do check all the boxes?
Want to buy your dream car but don’t have enough cash in your pocket for the down-payment? If you live in UAE, then you are in luck! There are many financial institutions in the UAE which offer 100% of the loan amount, so you don’t need to pay any down payment from your pocket.
Even if you are an expat in the UAE, you can still buy the car of your dreams with a car loan. All the leading banks in the UAE offer car loans for the expats. You will need to provide a little more information about you in comparison to a national, but it is going to be an easy business.
The banks in the UAE offer NRIs staying there to apply for a car loan, especially designed for them, in India for their family or for their personal use. The car loans are modified to make it easier for the NRIs to avail the loans.