Electric Vehicle Finance

• Evolve Auto Finance sales process is an Environmental-friendly. It is a paperless process so no applications, contracts or security cheques will be printed while processing Evolve Auto Finance.
• Evolve Auto Finance is all about rewarding the customers who chose to finance an Electric Vehicle over a conventional petrol car with great benefits.
• You as a Customer are in control of the entire Journey and Delivery process where no sales person will be required in the delivery process.

Apply for instalment postponement via DIB alt phone banking, applicable for customers who transfer their salary to DIB. Click here for FAQs.

• Profit rate* starting from 1.89% per annum**
• Fast, paperless processing

Profit rate (flat) starts from 1.89% per annum to 2.80% per annum* for New vehicles and for Used Vehicles from 2.15 % per annum to 3.50 % per annum**
*(3.46% per annum to 5.12% per annum reducing based on Customer’s salary, segment and nationality)
**(3.93% per annum to 6.41% per annum reducing based on Customer’s salary, segment and nationality)

• Minimum salary AED 8,000
• Salary transfer not required
• Available for new and pre-owned cars
• Tenure of up to 60 months
• Finance Amount up to AED 1.5 million - for individual customers and up to AED 8 million for Businesses/Commercial

Drive away with peace of mind and Protect yourself from unforeseen circumstances.

Features

• Coverage up to AED 30,000 *
• Minimum Salary: AED 4,000
• Customer Length of Service with the same employer for at least 90 days
• ILOE coverage is valid for the first 48 months of the tenure.
• Valid for Salaried Customers (banking and Non Banking Customers)

*If the Auto Finance customer (who availed ILOE product with the Auto Finance) lost his/her Job in the first 4 years from ILOE enrollment date, Watania Takaful will cover the Customer’s installments for 6 months (maximum AED 30K).

An Electric Vehicle (EV) is essentially an automatic vehicle with an electric motor powering it. A fully Electric Vehicle does not run on or have a petrol or diesel engine. Electric Vehicles (EVs) have a battery instead of a gasoline tank, and an electric motor instead of an internal combustion engine. The Electric Vehicle has one moving part, the motor, whereas the gasoline-powered vehicle has hundreds of moving parts.

Better for our planet

One of the biggest advantages of driving an EV is the immense impact on our planet. EVs don’t emit exhaust gases which cause air pollution.

Low Maintenance

EVs have generally a very low maintenance compared to gas powered car. So, there is no annual maintenance charges.