Shaikha is your sister. She has done so well in FIN 2003 and obtained an A grade. She wants to celebrate her success by buying a nice car. Shaikha has set her eyes on the latest model of various cars like BMW, Mercedes-Benz, Lexus, Range Rover Velar and Audi. However, she does not have enough money for the car and will have to borrow additional funds from the bank for her chosen car. However, Shaikha has 20% deposit for car price in her with EmiratesNBD High Saver Savings Account and ADCB Smart-Saver Savings Account. Please use the souqalmal https://www.souqalmal.com/ae website and pick any bank and banking loan that you feel best suits Shaikhas interests. Be mindful, there are different loan products for expatriates and for Emiratis and general personal loans, auto loans, conventional loans and Sharia-compliant loans. Some are by their nature cheaper than others. Check the interest rates, early settlement penalties, salary transfer requirements, loan arrangement fees, minimum qualifying salary. You need to pick a car for shaikha to buy, check the price of a brand new car and start working on the following questions. In a paragraph, justify why you have chosen the loan that you have chosen. Required

e. Assuming that Shaikas credit rating is A that is why she was given a loan at 6%. What can Shaikha do to ensure that she obtains a loan from ADCB at a much lower interest rate than 6%?