Check Eligibility for Emirates Islamic
Car Loan

You are eligible to apply for a Emirates Islamic
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 4000 required to apply for a Emirates Islamic Car Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Emirates Islamic Car Loan Calculator

Car Loan Provided By Emirates Islamic

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I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.

Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.

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Check Eligibility for Emirates Islamic Car Loan

You are eligible to apply for a Emirates Islamic
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 4000 required to apply for a Emirates Islamic Car Loan .

Click here to check loans from other banks.

Emirates Islamic Car Loan Calculator

Features of Emirates Islamic Car Loan

  • High Finance Amounts - Up to AED 500,000
  • Highly competitive profit rates
  • Flexible modes of repayment
  • No compulsory transfer needed
  • Shari'ah compliant finance
  • Easy processing and documentation
  • Free Islamic Emirates Bank Current Account

Eligibility Criteria of Emirates Islamic Car Loan

  • Minimum Age: 21 years
  • Maximum Age(On maturity): 65 years (60 years for expatriates)

Documents Required of Emirates Islamic Car Loan

  • Copy of a valid Emirates ID/Khulasat Al Qaid (For UAE Nationals)
  • Copy of valid passport with residence visa (For expatriates)
  • Past 3 months of active bank account statements
  • Comprehensive Islamic vehicle insurance
  • Post-dated cheques (if possible)
  • Quotation of price from the seller

For used cars:

  • Valuation certificate from a certified authority
  • Title of ownership
  • Quotation of offer from current owner

Note: The bank may need more documents and may ask for it, if required.

Emirates Islamic Car Loan Profit Rates

Emirates Islamic Bank

4 Emirates Islamic Bank Car Loans

Used Auto Finance for Individuals

Minimum Salary

AED 4K

Flat Rate

2.99%

Reducing Rate

5.48%

Loan Amount

AED 1000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

minimum salary

AED 4K

Minimum Salary

flat rate

2.99%

Flat Rate

reducing rate

5.48%

Reducing Rate

loan amount

AED 1000K

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
  • The interest rate for the given finance is 2.99%
  • Minimum salary requirement is AED 4,000
Apply Now

Features

  • Repayment period is up to 60 months
  • The interest rate for the given finance is 2.99%
  • Minimum salary requirement is AED 4,000
  • The reducing rate and the flat rate is 5.48% and 2.99%.
  • 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

Benefits

  • 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
  • 30 minutes approval
  • Documentation is simple
  • Free current account in emirates Islamic bank
  • Minimum salary requirement is low
Apply Now
View Details

View details on bank page

Auto Finance for Individuals

Minimum Salary

AED 4K

Flat Rate

2.29%

Reducing Rate

4.2%

Loan Amount

AED 1000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

minimum salary

AED 4K

Minimum Salary

flat rate

2.29%

Flat Rate

reducing rate

4.2%

Reducing Rate

loan amount

AED 1000K

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 2.29%
  • Minimum salary requirement is AED 4,000
Apply Now

Features

  • 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

Benefits

  • 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
Apply Now
View Details

View details on bank page

New Auto Finance for Self Employed

Minimum Salary

AED 20K

Flat Rate

3.19%

Reducing Rate

5.84%

Loan Amount

AED 750K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

minimum salary

AED 20K

Minimum Salary

flat rate

3.19%

Flat Rate

reducing rate

5.84%

Reducing Rate

loan amount

AED 750K

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 3.19%
  • Minimum salary requirement is AED 20,000
Apply Now

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.19%
  • Minimum salary requirement is AED 20,000
  • The reducing rate and the flat rate is 5.84% and 3.19%.
  • No salary transfer is required
  • Maximum loan amount is AED 750,000 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

Benefits

  • 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
  • 30 minutes approval
  • Documentation is simple
  • Free current account in emirates Islamic bank
  • Minimum salary requirement is low
Apply Now
View Details

View details on bank page

Used Auto Finance for Self Employed

Minimum Salary

AED 20K

Flat Rate

3.8%

Reducing Rate

6.96%

Loan Amount

AED 750K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

minimum salary

AED 20K

Minimum Salary

flat rate

3.8%

Flat Rate

reducing rate

6.96%

Reducing Rate

loan amount

AED 750K

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 3.80%
  • Minimum salary requirement is AED 20,000
Apply Now

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.80%
  • Minimum salary requirement is AED 20,000
  • The reducing rate and the flat rate is 6.96% and 3.80%.
  • No salary transfer is required
  • Maximum loan amount is AED 750,000 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

Benefits

  • 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
Apply Now
View Details

View details on bank page

About Emirates Islamic

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

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