With the rise of global financial turmoil, which was like an Alien attack to be honest!, even the wealthiest markets didn’t remain unharmed. UAE’s car market is the classic point in this matter! Now dealers are teaming up with banks to offer more loans and credits in hope to give sales a boost!

Al-Futtaim Automotive, the UAE’s largest automotive distributor, has signed deals with leading banks in the country to provide new credit facilities to help buyers finance their purchases. Under the new scheme auto loans will be available to customers earning a monthly salary of Dhs4,000 and above, which is well below the typical salary criteria of Dhs10,000. The dealer is also offering zero down payment and interest rates from 5.5%.

source: AMEinfo