Check Eligibility for Union National
Car Loan

You are eligible to apply for a Union National
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 5000 required to apply for a Union National Car Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Union National Car Loan Calculator

Car Loan Provided By Union National

Check Eligibility for Union National Car Loan

You are eligible to apply for a Union National
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 5000 required to apply for a Union National Car Loan .

Click here to check loans from other banks.

Union National Car Loan Calculator

Features of Union National Car Loan

  • Available for all new as well as used cars (except sports cars and pickups)
  • Competitive interest rates starting from 5.49% p.a (1.49% for new cars)
  • Finance based on Islamic principles
  • High Loan Amounts
  • Easy Monthly Payments
  • Low Early Settlement Fee (up to 1% of outstanding loan amount)

Eligibility Criteria of Union National Car Loan

  • Must be UAE National or an Expatriate (Not available for non residents)
  • Minimum Age : 21 years
  • Minimum Service Period (For Salaried): 6 months with current employer
  • Ability to pay at least 20% of car value as down payment

Minimum Monthly Income:

  • AED 5000 [For Individuals with a salary account with UIB]
  • AED 8000 [For Individuals with a salary account with other banks]

Maximum Age (at maturity):

  • UAE Nationals: 65 years
  • Expatriates: 60 years

Documents Required of Union National Car Loan

  • Signed and completed application form
  • Credit agreement form
  • Passport copies (yours and your co-owner/guarantor’s)
  • Valid residence visas (For expats)
  • UAE National ID card (For UAE Nationals)
  • Valid salary certificate
  • Past 3 months’ active bank account statements
  • Copy of your driver's license (and co-borrower’s, as and if applicable)
  • Copy of ID card (for MOD or MOI employees)
  • Assignment Agreement for Sale of Vehicle (For used vehicles)

Note: Bank may ask for documentation if it sees necessary. Contact nearest branch for more information.

Union National Car Loan Interest rates

union-national-bank Bank

4 Car Loans Provided By Union National

New Car Loan with salary transfer

Minimum Salary

AED 5K

Flat Rate

3.49%

Reducing Rate

6.33%

Loan Amount

AED 500K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

AED 5K

Minimum Salary

3.49%

Flat Rate

6.33%

Reducing Rate

AED 500K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

New Car Loan with no salary transfer

Minimum Salary

AED 8K

Flat Rate

3.99%

Reducing Rate

7.23%

Loan Amount

AED 350K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

AED 8K

Minimum Salary

3.99%

Flat Rate

7.23%

Reducing Rate

AED 350K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

Used Car Loan with salary transfer

Minimum Salary

AED 5K

Flat Rate

4.12%

Reducing Rate

7.47%

Loan Amount

AED 350K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

AED 5K

Minimum Salary

4.12%

Flat Rate

7.47%

Reducing Rate

AED 350K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

Used Car Loan with no salary transfer

Minimum Salary

AED 8K

Flat Rate

4.12%

Reducing Rate

7.47%

Loan Amount

AED 250K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

AED 8K

Minimum Salary

4.12%

Flat Rate

7.47%

Reducing Rate

AED 250K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

About Union National

Established as a Public Joint Stock Company (P.J.S.C) in 1982, Union National Bank (UNB) has shareholdings from both Dubai and Abu Dhabi Government. UNB has a Vision ‘to be the best in class for the banking industry in the UAE’ and a Mission ‘to be the first and the best bank of choice for all stakeholders.’ The values followed by UNB are :

  • Integrity & Transparency
  • Customer Focus
  • Team spirit
  • Continuous Improvement
  • Nurturing Staff
  • Responsible Community Membership
  • Best practices