Car Loan Calculator for UAE

Calculate Your Car Loan

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Interest Rate:

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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

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CLEAR

ADIB New Car Finance - Murabaha

flat rate Flat Rate

2.59%

minimum salary Minimum Salary

AED 5K

reducing rate Reducing Rate

4.7%

max amount Max Loan Amount

AED 1000K

arragement fee Arrangement Fee

AED 1000

early settlement fee Early Settlement Fee

1%

View All Loans

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

ADIB New Car Finance - Ijarah

flat rate Flat Rate

3.99%

minimum salary Minimum Salary

AED 10K

reducing rate Reducing Rate

7.23%

max amount Max Loan Amount

AED 750K

arragement fee Arrangement Fee

AED 1000

early settlement fee Early Settlement Fee

1%

View All Loans

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

Dubai Islamic Bank Step up Finance

flat rate Flat Rate

3.25%

minimum salary Minimum Salary

AED 3K

reducing rate Reducing Rate

6.11%

max amount Max Loan Amount

AED 500K

arragement fee Arrangement Fee

AED 2500

early settlement fee Early Settlement Fee

1%

View All Loans

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

Sharjah Islamic Bank New Car Finance

flat rate Flat Rate

2.79%

minimum salary Minimum Salary

AED 6K

reducing rate Reducing Rate

5.06%

max amount Max Loan Amount

AED 500K

arrangement fee Arrangement Fee

%

early settlement fee Early Settlement Fee

1%

View All Loans

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

ADCB Used Car Loans for Self Employed

flat rate Flat Rate

3.25%

minimum salary Minimum Salary

AED 8K

reducing rate Reducing Rate

5.9%

max amount Max Loan Amount

AED 500K

arrangement fee Arrangement Fee

%

early settlement fee Early Settlement Fee

1%

View All Loans

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.25%
  • Minimum salary requirement is AED 8,000
  • The reducing rate and the flat rate is 5.9% and 3.25%. This denotes that the computation done was a division of the reduction rate by 1.813
  • Maximum loan amount is AED 500,000 that ADCB bank can provide
  • Early settlement fee is 1% of the finance amount
  • Processing fee is 1% of the loan amount
  • 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, As low as 3.25% rates on used cars, Approval is quick , Documentation is simple, For every AED 1,000 finance amount you can earn 50 ADCB TouchPoints

View details on bank page

Standard Chartered Used Auto Loan

flat rate Flat Rate

3.5%

minimum salary Minimum Salary

AED 8K

reducing rate Reducing Rate

6.54%

max amount Max Loan Amount

AED 1000K

arrangement fee Arrangement Fee

%

early settlement fee Early Settlement Fee

1%

View All Loans

Features

  • Repayment period is up to 84 months
  • Interest rate for the given finance is 3.5%
  • Minimum salary requirement is AED 8,000
  • The reducing rate and the flat rate is 6.54% and 3.5%. This denotes that the computation done was a division of the reduction rate by 1.814
  • Salary transfer is not required
  • Maximum loan amount is AED 1,000,000 that Standard Chartered 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 Standard Chartered 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 84 months, Documentation is simple, Loan can be provided upto 100% vehicle price

View details on bank page

HSBC New Car Finance

flat rate Flat Rate

2.49%

minimum salary Minimum Salary

AED 7.5K

reducing rate Reducing Rate

4.6%

max amount Max Loan Amount

AED 918K

arrangement fee Arrangement Fee

%

early settlement fee Early Settlement Fee

1%

View All Loans

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.49%
  • Minimum salary requirement is AED 7500
  • The reducing rate and the flat rate is 4.6% and 2.49%. 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 918,000 that HSBC 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 HSBC 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, Dedicated sales manager will be there to assist you throughout the process, No need to open account with HSBC bank

View details on bank page

aafaq Auto finance for self-employed (aafaq Sayyarat)

flat rate Flat Rate

4.25%

minimum salary Minimum Salary

AED 20K

reducing rate Reducing Rate

7.71%

max amount Max Loan Amount

AED 500K

arragement fee Arrangement Fee

AED 500

early settlement fee Early Settlement Fee

1%

View All Loans

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

Emirates NBD Fixed Deposit New Auto Loan

flat rate Flat Rate

2.49%

minimum salary Minimum Salary

AED 18K

reducing rate Reducing Rate

4.61%

max amount Max Loan Amount

AED 250K

arragement fee Arrangement Fee

AED 500

early settlement fee Early Settlement Fee

4%

View All Loans

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

Emirates NBD Used Auto Loans for Self Employed

flat rate Flat Rate

3.15%

minimum salary Minimum Salary

AED 25K

reducing rate Reducing Rate

5.71%

max amount Max Loan Amount

AED 750K

arrangement fee Arrangement Fee

%

early settlement fee Early Settlement Fee

1%

View All Loans

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

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