Comparison of auto loans from top banks in the UAE
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Comparison of auto loans from top banks in the UAE
Before applying for any loan, it is always best to take a look at what is being offered by most banks. This should get you started.
| Bank | Loan Amounts | Interest Rates | Loan Tenure | Special Features | Check Eligibility | ||
| Emirates NBD | Up to AED 3,500,000 | 2.49% to 5.62% p.a. (depending on the type of loan) | 12 months to 60 months | . Available for individuals and businesses . Turns down payments into fixed deposits |
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| NBAD | AED 500,000 to AED 1.5 million (up to 80% finance) | 5.17% to 7.45% p.a. (depending on the type of loan) | Up to 60 months | . Allows for installment due dates to be changed . Offers 100% finance for insurance |
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| ADCB | Up to AED 500,000 (80% of the cost) | 2.49% to 11% (depending on the amount borrowed) | Up to 60 months | . Offers reward points for every AED 1,000 borrowed . Offers one signature application |
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| DIB | . Up to AED 1.5 million for individuals . Up to AED 5 million for businesses |
Profit rates starting at 2.35% per annum | Up to 60 months | . Available for new and used cars . No salary transfer needed |
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| Standard Chartered | Up to AED 1 million | Not Specified | Up to 60 months | . Offers conventional and Islamic car loans . Comes with a Pre-approved titanium credit card |
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| HSBC | Up to AED 918,000 | Starts from 2.49% p.a. | 12 months to 60 months | . Offers balloon payment options . Offers HSBC current account with no min balance |
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Note: Offers and interest rates mentioned above are subject to change as per bank policies.