Popular Car Loans
Other Car Loans From Emirates Islamic
Emirates Islamic Auto Finance for Individuals
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Auto Finance for Individuals
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.29%
- Minimum salary requirement is AED 4,000
- The reducing rate and the flat rate is 4.20% and 2.29%.
- No salary transfer is required
- Maximum loan amount is AED 1,000,000 that Emirates 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 Emirates 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
- Free current account in emirates Islamic bank
- Minimum salary requirement is low
Frequently Asked Questions
⭐ What if I am a student. Can I still apply for car loan in Emirates Islamic bank?
A. Yes, if you are above 18 years of age and you satisfy rest all eligibility criteria, then you can apply for car loan in Emirates Islamic bank.
⭐ Which one is cheaper, borrow with an overdraft or a loan?
A. It is suggested to borrow with overdraft as bank offers low interest rates on it.
⭐ Can we negotiate interest rates for car loan in Emirates islamic bank?
A. Yes, if you have good credit history, then you can negotiate interest rates in Emirates Islamic bank.
⭐ Does Emirates Islamic bank offers facility of joint loan?
A. Yes, to increase your eligibility you can avail facility of joint loan in Emirates Islamic bank.
⭐ How much loan can Emirates Islamic bank provide for my car?
A. Emirates Islamic bank can finance up to 80% of the car value.
In order to deliver high standards of banking services, Emirates Islamic Bank was established in the year 2004. The bank is aimed to deliver services in accordance with the standards of Shariah principles. It offers a wide range of products that are designed exclusively for individuals, small businesses and large corporations.
Get in touch with Emirates Islamic Customer Care