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Car Loan Calculator for UAE

Calculate Your Car Loan

Car Price:

Processing Fee:

Interest Rate:

Tenure:

Down Payment:

Find the right car for you

If you are planning to buy a car, then there are wide range of options available. But not every car suits you when some aspects are considered.


Budget

One of the aspects would be the budget especially if you need a bank loan to buy a car. There are several banks providing financial assistance to the borrowers, even before approaching a bank it is necessary to check whether this new EMI fits into your monthly expenses. To plan these you need to know how much you are going to pay on your car loan EMI which can be known by using a Car Loan Calculator. Calculate Car Loan EMI before applying for a Car Loan in the UAE. 

Our Car EMI Calculator will calculate the instalments to be paid monthly i.e the EMI and the total payment for the car including the interest rates by the end of the tenure.

Car Loan Calculator will make you understand your payback capability i.e. how much you can afford monthly. Apart from monthly costs and the total payable amount, Auto Loan Calculator will let you compare different banks interest rates and choose the one that is nominal rather than ending up picking the costly one.

Other aspects to be considered:

Used Car or New Car: Decide whether you want to buy a pre-owned car or a brand new car. There is an equal number of pros and cons in both cases.
  • New cars are provided on high benefits like several packages and free maintenance vouchers whereas on a used car, these additional benefits might have expired long back.
  • New cars are definitely a peace of mind as they are unused, there are no chances of sudden breakdowns for the first few years.
  • You can get a used car for affordable rates. Even though dealers provide offers on new cars, the final price would be high when compared to the pre owned cars. There are few used car showrooms as well to purchase pre owned cars where the rates can be negotiated.
  • Be it an used car or new car, financing is not an issue in UAE. There are several banks providing car loan options for used and new cars if the documents are perfect.
Purpose of purchase: Note the purpose of purchase. Are you going to use it frequently or occasionally? How long are you going to drive per day? If you are going to use it frequently for a long or short distance then consider the one that gives good mileage and doesn’t cost you much on the fuel.
Family size: If you are part of a small family with 1-4 members then a 5 seater would be efficient. If you are more than 5 members then definitely you need to consider an SUV.
Do proper research about Auto Loans in UAE and consider all the aspects then you will be clear about your choices

Minimum Salary

Interest Rate

Loan Amount

Reducing Rate

Select Bank

Min Salary

Interest/Profit Rate

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CLEAR

Flat Rate

3.5%

Minimum Salary

AED 8K

Reducing Rate

6.4%

Max Loan Amount

AED 500K

Arrangement Fee

%

Early Settlement Fee

1%

Features

  • Interest rate for the given finance is 6.4%
  • Minimum salary requirement is AED 8,000
  • The reducing rate and the flat rate is 6.4% and 3.5%. This denotes that the computation done was a division of the reduction rate by 1.813

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 6.4%
  • Minimum salary requirement is AED 8,000
  • The reducing rate and the flat rate is 6.4% and 3.5%. This denotes that the computation done was a division of the reduction rate by 1.813
  • No salary transfer is required
  • Maximum loan amount is AED 500,000 that CBD bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is 1% of the finance amount
  • About 20% down payment is required for this finance
  • High finance amount and low minimum salary requirement is there for given finance
    Finance can be provided for new as well as old cars
    Maximum repayment period is of 60 months
    Approval is quick
    Documentation is simple
    Minimum salary requirement is low
    Registration of the vehicle will be given on third party name
    Finance up to 80% of the car price
    You can earn upto 50 Attijari points for every AED 1,000 of finance

View details on bank page

Flat Rate

3.09%

Minimum Salary

AED 5K

Reducing Rate

5.61%

Max Loan Amount

AED 1000K

Arrangement Fee

AED 1000

Early Settlement Fee

1%

Features

  • Interest rate for the given finance is 3.09%
  • Minimum salary requirement is AED 5,000
  • The reducing rate and the flat rate is 5.61% and 3.09%. This denotes that the computation done was a division of the reduction rate by 1.813

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.09%
  • Minimum salary requirement is AED 5,000
  • The reducing rate and the flat rate is 5.61% and 3.09%. This denotes that the computation done was a division of the reduction rate by 1.813
  • No salary transfer is required
  • Maximum loan amount is AED 1,000,000 that ADIB bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is AED 1000
  • About 20% down payment is required for this finance
  • High finance amount and low minimum salary requirement is there for given finance
    The given finance is Sharia-compliant
    Long repayment period for this loan
    Convenient features like one signature application
    As low as 3.09% rates on new cars
    Approval is quick
    Documentation is simple
    Finance up to 80% of the car price
    For the first year you can get free ADIB Visa Cashback Card

View details on bank page

Flat Rate

4.25%

Minimum Salary

AED 20K

Reducing Rate

7.71%

Max Loan Amount

AED 500K

Arrangement Fee

AED 500

Early Settlement Fee

1%

Features

  • Interest rate for the given finance is 4.25%
  • Minimum salary requirement is AED 20,000
  • The reducing rate and the flat rate is 7.71% and 4.25%. This denotes that the computation done was a division of the reduction rate by 1.814

Features

  • Repayment period is up to 48 months
  • Length of business for self-employed applicant is 1 year
  • Interest rate for the given finance is 4.25%
  • Minimum salary requirement is AED 20,000
  • The reducing rate and the flat rate is 7.71% and 4.25%. This denotes that the computation done was a division of the reduction rate by 1.814
  • Maximum loan amount is AED 500,000 that Aafaq bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is AED 500
  • About 20% down payment is required for this finance
  • High finance amount and low minimum salary requirement is there for given finance
    The given finance is Sharia-compliant
    Long repayment period for this loan

View details on bank page

Flat Rate

3%

Minimum Salary

AED 5K

Reducing Rate

5.44%

Max Loan Amount

AED 500K

Arrangement Fee

%

Early Settlement Fee

1%

Features

  • Interest rate for the given finance is 3%
  • Minimum salary requirement is AED 5,000
  • The reducing rate and the flat rate is 5.44% and 3%. This denotes that the computation done was a division of the reduction rate by 1.815

Features

  • Repayment period is up to 48 months
  • Interest rate for the given finance is 3%
  • Minimum salary requirement is AED 5,000
  • The reducing rate and the flat rate is 5.44% and 3%. This denotes that the computation done was a division of the reduction rate by 1.815
  • No salary transfer is required
  • Maximum loan amount is AED 500,000 that CBI bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is AED 2500
  • About 20% down payment is required for this finance
  • High finance amount and low minimum salary requirement is there for given finance
    Finance can be provided for new as well as used cars
    Maximum repayment period is of 48 months
    Approval is quick
    Documentation is simple
    Minimum salary requirement is low

View details on bank page

Flat Rate

2.49%

Minimum Salary

AED 18K

Reducing Rate

4.61%

Max Loan Amount

AED 250K

Arrangement Fee

AED 500

Early Settlement Fee

4%

Features

  • Interest rate for the given finance is 4.61%
  • Minimum salary requirement is AED 18,000
  • The reducing rate and the flat rate is 4.61% and 2.49%

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 4.61%
  • Minimum salary requirement is AED 18,000
  • The reducing rate and the flat rate is 4.61% and 2.49%
  • No salary transfer is required
  • Maximum loan amount is AED 250,000 that Emirates NBD bank can provide
  • Early settlement fee is 4% of the finance amount
  • Processing fee is AED 500
  • About 20% down payment is required for this finance
  • High finance amount is provided by Emirates NBD bank
    Low minimum salary requirement is there for given finance
    Finance can be provided for new as well as used cars
    Maximum repayment period is of 60 months
    Documentation is simple
    Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
    Minimum salary requirement is low

View details on bank page

Flat Rate

2.79%

Minimum Salary

AED 6K

Reducing Rate

5.06%

Max Loan Amount

AED 500K

Arrangement Fee

%

Early Settlement Fee

1%

Features

  • Interest rate for the given finance is 2.79%
  • Minimum salary requirement is AED 6,000
  • The reducing rate and the flat rate is 5.06% and 2.79%. This denotes that the computation done was a division of the reduction rate by 1.84

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.79%
  • Minimum salary requirement is AED 6,000
  • The reducing rate and the flat rate is 5.06% and 2.79%. This denotes that the computation done was a division of the reduction rate by 1.84
  • Salary transfer is required
  • Maximum loan amount is AED 500,000 that Sharjah Islamic bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is 1% of the finance amount
  • About 20% down payment is required for this finance
  • High finance amount is provided by Sharjah Islamic bank
    Low minimum salary requirement is there for given finance
    Finance can be provided for new as well as used cars
    Maximum repayment period is of 60 months
    Documentation is simple
    Islamic insurance finance is also available

View details on bank page

Flat Rate

3.99%

Minimum Salary

AED 10K

Reducing Rate

7.23%

Max Loan Amount

AED 750K

Arrangement Fee

AED 1000

Early Settlement Fee

1%

Features

  • Interest rate for the given finance is 3.99%
  • Minimum salary requirement is AED 10,000
  • The reducing rate and the flat rate is 7.23% and 3.99%. This denotes that the computation done was a division of the reduction rate by 1.814

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.99%
  • Minimum salary requirement is AED 10,000
  • The reducing rate and the flat rate is 7.23% and 3.99%. This denotes that the computation done was a division of the reduction rate by 1.814
  • No salary transfer is required
  • Maximum loan amount is AED 750,000 that ADCB bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is AED 1000
  • 0% down payment is required for this finance
  • High finance amount and low minimum salary requirement is there for given finance
    The given finance is Sharia-compliant
    Long repayment period for this loan
    Convenient features like one signature application
    As low as 3.99% rates on new cars
    Approval is quick
    Documentation is simple
    Finance up to 80% of the car price
    For the first year you can get free ADIB Visa Cashback Card
    Salary transfer is not required

View details on bank page

Flat Rate

2.59%

Minimum Salary

AED 5K

Reducing Rate

4.7%

Max Loan Amount

AED 1000K

Arrangement Fee

AED 1000

Early Settlement Fee

1%

Features

  • Interest rate for the given finance is 2.59%
  • Minimum salary requirement is AED 5,000
  • The reducing rate and the flat rate is 4.7% and 2.59%. This denotes that the computation done was a division of the reduction rate by 1.814

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.59%
  • Minimum salary requirement is AED 5,000
  • The reducing rate and the flat rate is 4.7% and 2.59%. This denotes that the computation done was a division of the reduction rate by 1.814
  • No salary transfer is required
  • Maximum loan amount is AED 1,000,000 that ADCB bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is AED 1000
  • About 20% down payment is required for this finance
  • High finance amount and low minimum salary requirement is there for given finance
    The given finance is Sharia-compliant
    Long repayment period for this loan
    Convenient features like one signature application
    As low as 2.59% rates on new cars
    Approval is quick
    Documentation is simple
    Finance up to 80% of the car price
    For the first year you can get free ADIB Visa Cashback Card
    Salary transfer is not required
    Vehicle from Abu Dhabi National Takaful get low contribution amount

View details on bank page

Flat Rate

3.25%

Minimum Salary

AED 3K

Reducing Rate

6.11%

Max Loan Amount

AED 500K

Arrangement Fee

AED 2500

Early Settlement Fee

1%

Features

  • Interest rate for the given finance is 3.25%
  • Minimum salary requirement is AED 3,000
  • The reducing rate and the flat rate is 6.11% and 3.25%. This denotes that the computation done was a division of the reduction rate by 1.815

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.25%
  • Minimum salary requirement is AED 3,000
  • The reducing rate and the flat rate is 6.11% and 3.25%. This denotes that the computation done was a division of the reduction rate by 1.815
  • No salary transfer is required
  • Maximum loan amount is AED 500,000 that Dubai Islamic bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is AED 2500
  • About 20% down payment is required for this finance
  • High finance amount and low minimum salary requirement is there for given finance
    Finance can be provided for new as well as used cars
    Maximum repayment period is of 60 months
    Approval is quick
    Documentation is simple
    Minimum salary requirement is low
    Finance up to 80% of the car price
    Dubai Islamic bank provides option of financing other accessories and insurance

View details on bank page

Flat Rate

3.15%

Minimum Salary

AED 25K

Reducing Rate

5.71%

Max Loan Amount

AED 750K

Arrangement Fee

%

Early Settlement Fee

1%

Features

  • Interest rate for the given finance is 3.15%
  • Minimum salary requirement is AED 25,000
  • The reducing rate and the flat rate is 4.52% and 3.15%. This denotes that the computation done was a division of the reduction rate by 1.815

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.15%
  • Minimum salary requirement is AED 25,000
  • The reducing rate and the flat rate is 4.52% and 3.15%. This denotes that the computation done was a division of the reduction rate by 1.815
  • No salary transfer is required
  • Maximum loan amount is AED 750,000 that Emirates NBD bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is 1% of the finance amount
  • About 20% down payment is required for this finance
  • High finance amount is provided by Emirates NBD bank
    Low minimum salary requirement is there for given finance
    Finance can be provided for new as well as used cars
    Maximum repayment period is of 60 months
    Documentation is simple
    Get advantage of starting with lower installments in the initial stage of the loan and then later increase the installments
    Minimum salary requirement is low

View details on bank page