Car Loan Calculator for UAE

Calculate Your Car Loan

Car Price:

AED

Processing Fee:

%

Interest Rate:

%

Tenure:

Year

Down Payment:

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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.

Our Calculator will calculate the installments 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, it will let you compare different banks interest rates and choose the one that is nominal rather than ending up in 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 are equal number of pros and cons in both the 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 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

Other Filters

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ADIB New Car Finance - Murabaha

Flat Rate

2.59%

Minimum Salary

AED 5000

Reducing Rate

4.7%

Max Loan Amount

AED 1000000

Down Payment

20%

Arrangement Fee

AED 1000

Early Settlement Fee

1%

2.59%

Flat Rate

AED 5000

Minimum Salary

AED 4.7

Reducing Rate

AED 1000000

Max Loan Amount

Hide Explore

ADIB New Car Finance - Ijarah

Flat Rate

3.99%

Minimum Salary

AED 10000

Reducing Rate

7.23%

Max Loan Amount

AED 750000

Down Payment

0%

Arrangement Fee

AED 1000

Early Settlement Fee

1%

3.99%

Flat Rate

AED 10000

Minimum Salary

AED 7.23

Reducing Rate

AED 750000

Max Loan Amount

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Dubai Islamic Bank Step up Finance

Flat Rate

3.25%

Minimum Salary

AED 3000

Reducing Rate

6.11%

Max Loan Amount

AED 500000

Down Payment

20%

Arrangement Fee

AED 2500

Early Settlement Fee

1%

3.25%

Flat Rate

AED 3000

Minimum Salary

AED 6.11

Reducing Rate

AED 500000

Max Loan Amount

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Sharjah Islamic Bank New Car Finance

Flat Rate

2.79%

Minimum Salary

AED 6000

Reducing Rate

5.06%

Max Loan Amount

AED 500000

Down Payment

20%

Arrangement Fee

1%

Early Settlement Fee

1%

2.79%

Flat Rate

AED 6000

Minimum Salary

AED 5.06

Reducing Rate

AED 500000

Max Loan Amount

Hide Explore

ADCB Used Car Loans for Self Employed

Flat Rate

3.25%

Minimum Salary

AED 8000

Reducing Rate

5.9%

Max Loan Amount

AED 500000

Down Payment

20%

Arrangement Fee

1%

Early Settlement Fee

1%

3.25%

Flat Rate

AED 8000

Minimum Salary

AED 5.9

Reducing Rate

AED 500000

Max Loan Amount

Hide Explore

Standard Chartered Used Auto Loan

Flat Rate

3.5%

Minimum Salary

AED 8000

Reducing Rate

6.54%

Max Loan Amount

AED 1000000

Down Payment

20%

Arrangement Fee

1%

Early Settlement Fee

1%

3.5%

Flat Rate

AED 8000

Minimum Salary

AED 6.54

Reducing Rate

AED 1000000

Max Loan Amount

Hide Explore

HSBC New Car Finance

Flat Rate

2.49%

Minimum Salary

AED 7500

Reducing Rate

4.6%

Max Loan Amount

AED 918000

Down Payment

20%

Arrangement Fee

1%

Early Settlement Fee

1%

2.49%

Flat Rate

AED 7500

Minimum Salary

AED 4.6

Reducing Rate

AED 918000

Max Loan Amount

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aafaq Auto finance for self-employed (aafaq Sayyarat)

Flat Rate

4.25%

Minimum Salary

AED 20000

Reducing Rate

7.71%

Max Loan Amount

AED 500000

Down Payment

20%

Arrangement Fee

AED 500

Early Settlement Fee

1%

4.25%

Flat Rate

AED 20000

Minimum Salary

AED 7.71

Reducing Rate

AED 500000

Max Loan Amount

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Emirates NBD Fixed Deposit New Auto Loan

Flat Rate

2.49%

Minimum Salary

AED 18000

Reducing Rate

4.61%

Max Loan Amount

AED 250000

Down Payment

20%

Arrangement Fee

AED 500

Early Settlement Fee

4%

2.49%

Flat Rate

AED 18000

Minimum Salary

AED 4.61

Reducing Rate

AED 250000

Max Loan Amount

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Union National Bank New Car Loan with no salary transfer

Flat Rate

3.99%

Minimum Salary

AED 8000

Reducing Rate

7.23%

Max Loan Amount

AED 350000

Down Payment

20%

Arrangement Fee

1%

Early Settlement Fee

1%

3.99%

Flat Rate

AED 8000

Minimum Salary

AED 7.23

Reducing Rate

AED 350000

Max Loan Amount

Hide Explore