Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
Bank Audi Used Cars Loan Bank Audi Used Cars Loan Minimum Salary: USD 1,333 Salary Transfer: Yes Early Settlement Fees: - Maximum Term: 5 Years Flat Rate: 3.61% Reducing Rate: 6.5%
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Choose the used car of your choice and enjoy a convenient and hassle-free installment plan.

Features:
  • Currency: USD
  • Minimum Down Payment: Starting at 25%
  • Loan Period: Up to 5 years
  • Car Insurance: All Risk Insurance for the first 4 years and Total  Loss Insurance for the 5th year
  • Obligatory Insurance: Included in the loan and free for the 1st year only
  • Life Insurance: Included in the loan
Documents Required:
  • Copy of ID
  • Driving License
  • Proof of Income
  • Proof of Residence
 

Representative example:

If you borrow USD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – USD 297.50 | Total charge for credit – USD 710 | Total amount you repay – USD 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator