| The Bank may debit your accounts with any actual costs and expenses payable
against the banking services rendered in accordance with the approved and
announced banking charges, as notified to you from time to time.
|
| Bank may from time to time, and at its sole discretion, change or amend the
Bank’s General Terms and Conditions for Consumer Banking Services (including
any relevant applications and documents and other Special Features) by notice
to you in accordance with applicable law.
|
| In case of any incorrect, incomplete or mismatch of information on application
form with the information provided on the certified copies of the original
official documents, the information on the certified copies of the original
official documents will be taken up and acted upon by the Bank, without any
reference to the customer, as true and accurate, and will supersede the
information on the application for the purpose of obtaining Auto Finance and
updating the Bank’s official records.
|
| The finance amount you are eligible for and the profit rate offered may differ
from the sample illustration as shown above. This will depend on your credit
profile, special terms offered (like subventions) and affordability assessment
done by the Bank.
|
| The Bank shall disburse the funds approved within 10 business working days,
after completion and fulfilment of all conditions and requirements by you. In the
event of any delay in disbursement of the funds, you will be notified accordingly.
|
| The facility is subject to your pledging the vehicle as collateral in favor of the
Bank, Additionally, the Bank reserves the right to request for security/ conditions
(including but are not limited) to security cheques, guarantor, co-signer, salary
transfer, etc.
|
| In case of a First Payment Date grace period, or a deferment of Instalment/ EMI,
the profit accrued during the deferred period will be apportioned towards
remaining Finance tenor/ Lease Term. Also, each deferred Installment / EMI will
reflect as an increase in the total Finance Tenor/ Lease Term with additional
months of payment
|
| The cooling-off period allows you to cancel the product within five (5) business
days of signing the application or offer letter and the Bank will not be able to
proceed until this period expires, unless you waive this right. To cancel within this
period, you must give the Bank notice.
|
| If you prepay the finance you will have to pay all profit for the finance period
which shall not exceed the total profit agreed, subject to any rebate granted by
the Bank. There may also be early settlement fees.
|
| You can contact the Bank for any enquiries, assistance or complaints at any of its
branches or by visiting its website https://www.emiratesislamic.ae/
|
