Sharjah Islamic Bank Car Loan Calculator

Sharjah Islamic Bank (SIB) was set up in 1975 with the aim of providing excellent conventional banking solutions. Later, in 2002, it transitioned into Islamic banking, restructuring its policies and guidelines according to the Shariah-compliant principles.

With SIB, you can access numerous products and services such as bank accounts, deposit accounts, loans, and more. Here, the loan category comprises travel, medical, car finance, and much more.

A key tool with respect to car loans is the Sharjah Islamic Bank car loan calculator, which allows you to estimate your monthly installments beforehand.

Let’s find out more about the SIB auto loan calculator and how to use it.

Features of Sharjah Islamic Bank Car Loan

Before moving on to the SIB car loan calculator UAE, let’s check out the key features of the bank’s car loan -

• The bank offers a finance amount of up to AED 1,000,000
• You get a flexible loan repayment tenure of up to 5 years
• Enjoy a hassle-free loan application process
• Avail of Group Credit Life Takaful for liabilities coverage
• Enjoy competitive profit rates starting from 1.79% fixed per annum

What are the Benefits of Using the Sharjah Islamic Bank Car Loan Calculator?

With the SIB auto loan calculator, you can enjoy a wide range of benefits -

• Time-saving tool
• Accurate results displayed
• Helps in managing finances
• Assists in comparing multiple products

How to Calculate Sharjah Islamic Bank Car Loan Monthly Instalments?

Besides the Sharjah Islamic Bank car loan calculator, you can also use the calculator of Policybazaar.ae.

Here are the steps to access our car loan calculator UAE -

• Step:1 Head to policybazaar.ae, our official website.
• Step:2 Tap on ‘Banking Products’ and select ‘Car Loan Calculator’.
• Step:3 On the calculator on the next page, enter the relevant details — the down payment amount, loan tenure, car price, and interest rate.
• Step:4 The result will be instantly visible at the bottom of the calculator.

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