Are you looking to own a car? Chase Iman offers motor vehicle financing, under the principle of Murabaha.
For New Vehicles -70% financing, maximum tenor 48 months; Second hand Vehicles -50% financing, maximum tenor 36 months**
Documentation required:
Security - HP Agreement, Logbook and blank transfer forms
Valuation form
Copies of Import Documents
Copy of ID & Pin
Proforma Invoice
Note
** For facilities that are secured by vehicles, the motor vehicle should not be more than 5 years of age and loan advanced should be a maximum of 50% of the value of the car.
