The benefits of Al Baraka car finance they are:
- Low deposit requirement
- No monthly administration fees
- Competitive prices
- Annual cash payment option on lease agreements
- Flexible terms of up to 72 months
Why does Clube Utua recommend Al Baraka vehicle financing?
This is your time to consider buying or trading in your car. With Al Baraka car finance, you will find the perfect solution for your situation.
With fixed interest rates reviewed annually, you can finance your vehicle in up to 72 months under conditions compatible with your financial reality.
Vehicles can be new or used up to 05 years of model launch.
For new vehicles, only the financing modality with variable installments is available and for used vehicles, only the fixed installments modalities.
What are variable installments?
It is applied to financing with annual monetary correction, where every year the interest rates vary based on the financed outstanding amount. This type of financing for Al Barak vehicles has the following characteristics:
- New or demo vehicles
- Financing term of up to 60 months with a 10% deposit
- Fixed rates for 12 months with annual review and cash payment option at the time
- No monthly administration fees and no early settlement penalties
- Maximum vehicle age – 6 months
- Maximum mileage – 10,000 km
What are fixed installments?
It is the interest rate applied directly to the contract amount, where you have defined the values of the installments from the beginning to the end of the financing at the time of contracting. It has the following contract features:
- Fixed rate for the duration of the financing term up to 72 months
- No monthly administration fees and no early settlement penalties
- Vehicle to be purchased from a recognized dealer and less than 6 years old with a 10% deposit
- Applicable to new or used vehicles
- Maximum vehicle age – 6 years
- Maximum mileage – 120000km
Author’s Opinion
Financing is an excellent solution to acquire our goods when we cannot make purchases in a single installment.
At Al Baraka, financing is studied between the consumer and the bank’s consultants to define the best contracting conditions for the least possible impact on your budget during the financing period.
The eligibility requirements for taking out Al Baraka car finance are made easy so that you have access to your new car.
Come find out what they are!
