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 | Features |
Emirates NBD | Up to AED 3500,000 | 2.49% to 5.62% p.a. (depending on the type of loan) |
12 to 60 months | . Available for individuals and businesses . Turns down payments |
NBAD | 500,000 to AED 1.5M (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 |
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 |
DIB | . Up to AED 1.5M for individuals . Up to AED 5M for businesses |
Profit rates starting at 2.35% per annum | Up to 60 months | . Available for new and used cars . No salary transfer |
Standard Chartered | Up to AED 1M | Not Specified | Up to 60 months | . Offers conventional and Islamic car loans . Comes with a |
HSBC | Up to AED 918,000 | Starts from 2.49% p.a. | 12 to 60 months | . Offers balloon payment options
. Offers HSBC current account with no |
Note: Offers and interest rates mentioned above are subject to change as per bank policies.