ADIB Smart Account

Check Eligibility for Arab
Car Loan

You are eligible to apply for a Arab
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 7500 required to apply for a Arab Car Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Arab Car Loan Calculator

Car Loan Provided By Arab

Check Eligibility for Arab Car Loan

You are eligible to apply for a Arab
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 7500 required to apply for a Arab Car Loan .

Click here to check loans from other banks.

Arab Car Loan Calculator

ADIB Smart Account

Features of Arab Car Loan

  • Highly competitive interest rates starting 2.49%
  • Convenient repayment tenure up to 5 years
  • High Loan amount
  • Flexible down payments options
  • Preferential insurance rates
  • Quick loan processing time
  • Dedicated Sales Team - ready to serve you at your convenience

Eligibility Criteria of Arab Car Loan

  • Minimum Age: 21 years

Documents Required of Arab Car Loan

  • Valid Emirates ID (For UAE Nationals)
  • Valid passport with valid Resident visa (for residents)
  • Utility bill in the name of the applicant (Not more than 3 months old)
  • Latest Salary/Income/Employment verification document (For Salaried & Self-Employed)
  • Dealer price quotation
  • Past 6 months active bank account statement
  • Vehicle Value Certificate (From approved Arab Bank evaluator - for used cars only)

Note: The Bank may ask for more documents if necessary.

Arab Car Loan Interest rates

Arab Bank

2 Arab Bank Car Loans

New Auto Loan

minimum salary

Minimum Salary

AED 7.5K

flat rate

Flat Rate

2.49%

reducing rate

Reducing Rate

4.52%

loan amount

Loan Amount

AED 3650K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

down payment

Down Payment

20%

minimum salary

AED 7.5K

Minimum Salary

flat rate

2.49%

Flat Rate

reducing rate

4.52%

Reducing Rate

loan amount

AED 3650K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.49%
  • Minimum salary requirement is AED 7,500

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.49%
  • Minimum salary requirement is AED 7,500
  • The reducing rate and the flat rate is 4.52% and 2.49%. 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 3,650,000 that Arab 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

Benefits

  • 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
  • Our dedicated sales team is ready to serve you
  • Favourable interest rates

View details on bank page

Used Auto Loan

minimum salary

Minimum Salary

AED 7.5K

flat rate

Flat Rate

3.99%

reducing rate

Reducing Rate

7.23%

loan amount

Loan Amount

AED 250K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

down payment

Down Payment

20%

minimum salary

AED 7.5K

Minimum Salary

flat rate

3.99%

Flat Rate

reducing rate

7.23%

Reducing Rate

loan amount

AED 250K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.99%
  • Minimum salary requirement is AED 7,500

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.99%
  • Minimum salary requirement is AED 7,500
  • 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 1.815
  • No salary transfer is required
  • Maximum loan amount is AED 250,000 that Arab 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

Benefits

  • High finance amount and low minimum salary requirement is there for given finance
  • 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
  • Our dedicated sales team is ready to serve you
  • Favourable interest rates

View details on bank page

About Arab

With over 600 branches across five continents, Arab Bank is the largest global bank in UAE. It is headquartered in Amman, Jordan. Arab Bank is also present in key financial markets and centers such as London, Dubai, Singapore, Geneva, Paris, Frankfurt, Sydney, and Bahrain. The bank operates on the following pillars of values:

  • Trust
  • Commitment
  • Corporate responsibility
  • Service Excellence
  • Customer Focus
  • Empowerment
  • Teamwork
  • Transparency.

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