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Top 5 car loans that you can consider in UAE

Car loans have become a necessity nowadays for purchasing a car in UAE. There are a number of factors, such as interest rates, benefits included and processing time, that needs to be considered before selecting a particular loan. A number of banks offer car loans for both new and used cars.

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Favorable car loans offered by some of the banks in UAE

Al Hilal Bank

Is a sharia-compliant car finance. They provide car finance for both used and new cars with competitive interest rate. The reason it is made to the list is because of its feature that allows you to repay the loan early with 0 early settlement fee. Hence if you think you have the capability of repaying the loan early, then this is the loan for you.

Other features/benefits of Al Hilal car loan are:

Emirates NBD

The Emirates NBD offers a package deal for their auto finance, which includes half-day approval, flexible payment options, online Salik recharge, free annual registration renewal service, round the clock roadside assistance, free bank account etc.

Other features/benefits of Emirates NBD car loan are:

Abu Dhabi Islamic Bank

ADIB provides car loan options with 0% down payment. It has partnerships with auto dealers, bringing exclusive car deals. It also provides up to 3 months grace period.

Other features/benefits of ADIB car loan are:


Along with providing financing for both used and new cars. HSBC provides an additional feature such as Balloon payment option for new cars:
A balloon payment is a lump sum amount owed to the bank at the end of a loan term after all regular monthly repayments have been made, this offers benefits such as lower monthly installment, increased affordability, cash flow management.

Other features/benefits of HSBC car loan are:

First Abu Dhabi Bank

Along with FAB Personal Loans and FAB credit cards in the UAE, FAB provides car loans as well on competitive interest rates and high benefits for both self-employed and salaried individuals. They offer finance for both new and used cars in the UAE.

Other features/benefits of FAB car loan are:

These are few loans that you can consider. However, it is advisable that you do a thorough check and compare every loan before finalizing one.

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