Car financing in Dubai

You can choose from 2 types of Interest Rate when financing your used car in the UAE, Flat Rate or Reducing Rate

A flat rate is calculated on the original amount of the car loan; it is fixed and the interest to be paid will not reduce over the tenure.

A reducing rate is calculated on the outstanding car loan amount on a monthly basis. Therefore, as your outstanding auto loan amount decreases each month so will your interest payments.

Processing, arrangement fee is the amount banks in the UAE charge as an administrative fee to take an auto loan for your used car. This fee is usually 1% of your principal car loan amount, and may have minimum (or maximum) amounts of AED ~500 (or AED ~2,500)

Most banks require the following documents from applicants:

• Passport.
• Emirates ID.
• Salary certificate.
• Labour card.
• Driver’s license.
• Bank statements for the last 3 to 6 months.
• Insurance policy documents.
• Valuation certificate of vehicle.
• Car registration documents.

Expats applying for loans must ensure driving licenses from their countries of residence are valid in the UAE. Additionally, you need to be at least 21 years of age to be eligible to apply for a car loan in Dubai.

Our car hire works for you. Our locations for car rental Dubai:

Business Central Tower
Tower B, office 1103B
https://goo.gl/maps/XyVBr3wQeAKSS1jg8

UAE nationals, Indian expatriate having valid UAE driving license. You can apply for an used car or a new car. About all the terms and conditions you can ask our managers. If you need a personal loan and you want to know more information about loans, repayment period, call us right now.

Consider the benefits of cars loan in Dubai:

• You don’t need to put up collateral in order to acquire an auto loan. This is because the car itself serves as collateral.
• Car loan repayments actually help your credit history provided that you stay on top of payment deadlines.
• Banks offer flexible payment packages to make it easier for borrowers to finance their loans which gives them full control over how much they spend in monthly instalments.
• Car loan amounts can be negotiated with lenders provided that they have a good credit history.