In the spirit of giving surrounding the holy month of Ramadan, RAKBANK’s latest generous promotion puts customers in the driver seat of new cars this summer while sparing them any financial payments for the following 3 months.
Running during the holy month of Ramadan, the RAKBANK Auto Loan Promotion offers customers the chance to buy a selection of new cars not only by scrapping the need for a down payment, but also by conveniently delaying the first loan repayment for 90 days after car registration.
“With our frequent program of value-added promotions and benefits, RAKBANK is committed to its overall strategy of providing innovative, valuable and competitive financial solutions to our customers every season,” said Graham Honeybill, RAKBANK General Manager.
RAKBANK is also extending its spirit of giving with its Ramadan Loan Instalment Deferral, granting customers an automatic instalment deferment on personal loans and SME loans, as well as customers with existing Auto Loans. “With Ramadan falling during the summer season, customers may have additional expenses this year to cover summer vacations and Eid Al Fitr celebrations,” added Honeybill. “RAKBANK’s Ramadan promotions will help ease customers’ financial responsibilities during this season while maximizing their benefits.”
RAKBANK Auto Loan Promotion comes with a competitive interest rate of 4.75% per annum for all new vehicles, accompanied with flexible payment terms that stretch up to 84 months. In addition, RAKBANK brings its new and existing Auto Loan customers rewarding motor insurance policies from Oman Insurance Company, offered to customers with a promotional premium rate of 3.75% during the month of Ramadan. The motor insurance policy also presents customers, up until March 31st, 2011, with a chance to win a luxury Lexus SUV and free Motor Insurance as well as many unmatched benefits including free cover for the 13th month of insurance, attractive Cashback on using RAKBANK Credit Card for premium payment, and agency repair.
The RAKBANK Auto Loan Promotion will run through the month of Ramadan and will be available at select showrooms across the UAE. For further information, kindly contact RAKBANK at 04 213 0000.
