Sharjah Islamic Bank unveils 3.9% auto finance scheme
UAE car buyers can now enjoy one of the best vehicle financing schemes as part of an array of value deals extended by Sharjah Islamic Bank (SIB) during the holy month of Ramadan. SIB offers a special 3.9% rate on new car financing deals that runs up to October 31st. Both salaried and self-employed individuals can avail of the 3.9 percent reduced rate for new cars as part of the bank's efforts to attract a broader potential customer base throughout the UAE.
Another offer in the auto sector is also available on Hyundai car purchases. For every Hyundai car deal financed with SIB, customers receive AED1,500 purchase voucher, first installment after 120 days with no down payment required. In addition, a financing period of up to 5 years with no salary transfer required and both a free credit card and the option of Islamic insurance financing.
“This is part of our continuing efforts to keep a competitive edge in our retail product offerings, which falls on a very timely season. We at SIB strive to maintain the highest standards of customer service and deliver value-added products whenever and wherever the customers need them. Together with our dedicated sales team we will be at the door-steps of the customers or at any point of sales they desire us to be. Our customer-centric strategy has pushed SIB growth in a positive direction but most importantly, it is our way of appreciating our customers’ choice to honor us with their loyalty,” remarked Asad Ahmed Batla, Retail Banking Group Head.
SIB is also offering its card holders the chance to avail discounts at Sharjah National Hotels , Holiday International, Marbella Resort Sharjah and Oceanic Hotel in Khorfakkan. Offers of up to 50% discount on hotel rack rates for rooms, suites and villas are available at these hotels. Some discounts are also available on these hotel’s restaurants, including Iftar buffet and banquet. This offer runs from September 1 to October 20 and is valid to all SIB credit or electron card holders.
During this holy month, for the second consecutive year, SIB has given its customers the convenience of making their donations to Sharjah Social Empowerment Foundation by direct transfers from their accounts to the foundation through all SIB ATMs available in various locations across the UAE. Donations go to an orphanage sponsored by Sharjah Social Empowerment Foundation.
On the cultural front, SIB in partnership with UAE’s cultural hub Qanat Al Qasba (QAQ), has participated in the Sharjah Ramadan Festival programme "Ramadaniat Al Qasba". The programme offers various activities enriching art and cultural experiences. A series of religious lectures and an innovative charity programme called ‘Book Boulevard’ are available at QAQ. The ‘Book Bouvevard’ will host several kiosks of book retailers, as well as used bookstands. Proceeds from the sale will be distributed amongst the needy in the UAE under the Red Crescent supervision.
“The special car finance offers and the sponsoring of many charitable events come with the spirit of the holy month of Ramadan," commented SIB CEO Hussain Al Qemzi, "These efforts are in line with our committment to offer our customers the best products and services; and in line with our social responsibility as good corporate citizens, " he added.