Product details
What you need to know
What to check
Understand Aafaq Auto Finance
Aafaq Auto Finance is a auto loans product from Aafaq Islamic Finance. Check the down payment, rate, term, processing fee, insurance and early settlement conditions.
Published details
- Minimum Salary: AED 5,000
- Product Structure: Murabaha
- Minimum Age: 21 years
- Maximum Age: 65 years
- Maximum Finance Amount: AED 100,000
- Maximum Tenor: 5 years
- Down Payment: Standard 20% of vehicle value; this may vary by vehicle category and applicant segment
- Flat Rate: From 2.5% p.a.
Offers and eligibility can change. Check the linked official page and any key facts statement or schedule of charges before applying.
Simple guide
Should you consider this?
Consider this if
- ✓Your salary is at least AED 5,000
- ✓You want islamic benefits
- ✓You want an official source link
- ✓You prefer higher-confidence source data
Compare more if
- ×You may carry unpaid balance month to month
- ×You do not meet the listed salary requirement
- ×You need a different reward type
Source proof
Important fields with sources
| Field | Value | Source | Confidence |
|---|---|---|---|
| Minimum salary | AED 5,000 | Official page | High |
| Source confidence | High | Official page | High |
| Last checked | Recently checked | Official page | High |