Sales Finance Quiz

What are the steps for getting finance approval? (In sequence)

• Collect documents → Make quotation & apply with bank → Verification call with HR & Customer → Receive LPO → Sign with banker → RTA Mortgage Upload → Sales Agreement → Registration

• Sales Agreement → Verification call with HR & Customer → Sales Agreement → Receive LPO → Sign with banker → Collect documents → RTA Mortgage Upload → Registration

• Registration → Collect documents → Receive LPO → Verification call with HR & Customer → Make quotation & apply with bank → RTA Mortgage Upload

• RTA Mortgage Upload → Receive LPO → Collect documents → Registration → Sales Agreement → Sign with banker → Make quotation & apply with bank → Verification call with HR & Customer

What is the average interest rate of ENBD?

• 3.2%

• 3.5%

• 2.7%

• 3.7%

How long does it usually take for customers to get approval after submitting documents?

• 1-2 Days

• 9-10 Days

• 3-5 Days

• 7-8 Days

What is the minimum salary requirement for ENBD, DIB, and ADCB?

• ENBD: 6000 AED

  DIB: 3000 AED

  ADCB: 5000 AED

• ENBD: 8000 AED

  DIB: 4000 AED

  ADCB: 7000 AED

• ENBD: 2000 AED

  DIB: 2000 AED

  ADCB: 2000 AED

• ENBD: 6000 AED

  DIB: 3500 AED

  ADCB: 4500 AED

How much finance can the customer get with ENBD or ADCB:
Customer salary: 10,000 AED
No Loans

• ENBD: 120,000 AED
  ADCB: 110,000 AED

• ENBD: 90,000 AED
  ADCB: 80,000 AED

• ENBD: 200,000 AED
  ADCB: 150,000 AED

• ENBD: 150,000 AED
  ADCB: 100,000 AED

How many years of finance (max) can 2015 cars get with ENBD, ADCB, and DIB?

• ENBD: Max 3 years

  ADCB: Max 2 years

  DIB: Max 1 year

• ENBD: Max 4 years

  ADCB: Max 3 years

  DIB: Max 2 year

• ENBD: Max 7 years

  ADCB: Max 6 years

  DIB: Max 6 year

• ENBD: Max 5 years

  ADCB: Max 4 years

  DIB: Max 3 year

What should we put in Finance notes every time?

• Total amount of the car and when it is expected to be delivered

• Which bank the customer is banking with and which bank to apply with

• Total amount of Warranties and Service Plans

• Total amount of Add-ons Profit and Pack Profit

Which customers can sign digitally with the bank?

• If customer is banking with EIB

• If customer is banking with ADCB

• If customer is banking with ENBD

• If customer is banking with DIB

If the customer lives in Abu Dhabi without a license, can the car be registered in Dubai?

• Yes

• No

What other confirmation or requirement is needed before coming in for the sales agreement after receiving the LPO?

• Documents Received Text

• Bank Confirmation Text

• Mortgage Text

• LPO Text