Features:

• Interest Rates: Competitive rates starting at 2.49%.
• Repayment Tenure: Convenient options up to 5 years.
• Loan Amount: High financing available.
• Down Payments: Flexible options.
• Insurance Rates: Preferential rates.
• Processing Time: Quick loan processing.
• Sales Team: Dedicated team available for assistance.

Required Documents:

• ID Proof: Valid national ID and passport with valid resident visa (for residents).
• Utility Bill: Recent utility bill in the client’s name (e.g., electricity, telephone) or rental contract.
• Income Verification: Latest salary/income/employment verification document.
• Dealer Quotation: Price quotation from the dealer.
• Bank Statement: Last 6 months.
• Vehicle Evaluation: Certificate from an approved evaluator stating the vehicle’s status and market value (for used cars only).

Features:

• Shariah-Compliant: Finance based on Islamic principles.
• Approval Process: Fast and simple.
• Profit Rates: Competitive rates.
• Finance Amount: High financing available.
• Tenure: Flexible up to 5 years.
• Fees: No hidden documentation or study fees.
• Salary Transfer: Not required.
• Joint Income: Possible with blood relatives only.
• Vehicle Registration: Can be in the name of a blood relative.

Eligibility:

• Minimum Salary: AED 5,000.
• Down Payment: 20% required.

Required Documents:

• Passport: Valid copy.
• Residence Visa: Copy of the visa page (if applicable).
• Bank Statements: Latest 3 months.
• Quotation: Addressed to Al Hilal Bank.
• Additional Documentation: Any further documents as required by Al Hilal Bank policies.

Note: Other terms and conditions apply.

Benefits:

• Finance Amount: Up to AED 500,000.
• Car Types: Available for new and used exotic cars including Ferrari, Maserati, Lamborghini, Rolls-Royce, Bentley, Aston Martin, and Maybach.
• Tenure: Up to 48 months.
• Salary Transfer: Finance available with or without salary transfer.

Required Documents:

• Completed Application Form: Duly filled and signed.
• Identification Documents: Valid passport, Khulasat al Khaim, valid visa, or UAE National ID.
• Bank Statement: Last 3 months.
• Salary Certificate: To verify income.
• Trade License Copy: For self-employed individuals.
• Car Quotation/Evaluation: From a franchise dealer or an approved evaluator.

Benefits:

• Finance Amount: Up to AED 500,000.
• Available for New and Used Cars: Financing options for both types.
• Customer Contribution: 50% of the car value paid upfront to the dealer.
• Simple Documentation: Minimal paperwork required.
• No Car Restrictions: Flexible options for different vehicle types.
• Processing Fees: AED 500.

Required Documents:

• Completed Application Form: Duly filled and signed.
• Identification Documents: Valid passport, Khulasat al Khaim, valid visa, or UAE National ID.
• Bank Statement: 1 month bank statement.
• Labour Card Copy: For employment verification.
• Salary Certificate: To confirm income.
• Trade License Copy: For self-employed individuals.
• Car Quotation/Evaluation: Quotation from a franchise dealer or evaluation from an approved evaluator.

Benefits:

• Minimum Salary Requirement: AED 5,000.
• Competitive Profit Rates: Attractive rates for financing.
• No Salary Transfer Required: Flexibility in salary transfer.
• Maximum Finance Amount: Up to AED 500,000.
• Maximum Finance Tenure: Up to 5 years.
• Comprehensive Financing: Includes Takaful (insurance), service contract, and accessories.
• Available for New and Used Cars: Financing options for both types.
• Deferred First Installment: First installment can be made within 90 days for new cars and 60 days for used cars.
• Quick and Fast Approvals: Efficient processing and rapid approval.

Required Documents:

• Completed Application Form: Duly filled and signed.
• Identification Documents: Valid passport, Khulasat al Khaim, valid visa, or UAE National ID.
• Bank Statement: Last 3 months of bank statements.
• Labour Card Copy: For verification of employment.
• Salary Certificate: To confirm income.
• Trade License Copy: For self-employed individuals.
• Car Quotation/Evaluation: Quotation from a franchise dealer or evaluation from an approved evaluator.

Benefits:

• Maximum Finance Amount: Up to AED 400,000.
• Competitive Profit Rates: Offers attractive and competitive rates.
• Competitive Finance to Value: Favorable financing terms based on vehicle value.
• Maximum Tenure: Up to 5 years.
• Available for New and Used Cars: Financing options for both new and used vehicles.
• Deferred First Installment: First installment can be made within 90 days for new cars and 60 days for used cars.
• Quick and Fast Approvals: Efficient processing and rapid approval times.

Required Documents:

• Completed Application Form: Duly filled and signed application.
• Identification Documents: Valid passport, Khulasat al Khaim, valid visa, or UAE National ID.
• Trade License Copy: For business applicants.
• Bank Statement: Last 6 months of bank statements.
• Car Quotation/Evaluation: Quotation from a franchise dealer or evaluation from an approved evaluator.

Ajman Bank offers auto finance to individuals and corporates through the Islamic principle of Murabaha, ensuring a Shariah-compliant process that delivers your dream vehicle in a quick and easy manner while remaining true to Shariah principles.

Features and Benefits:

• Most Competitive Rate: Ajman Bank offers highly competitive rates in the market.
• Eligibility for New & Used Cars: Financing is available for both new and used vehicles.
• Financing Amount: Up to AED 500,000.
• Financing Tenure: Flexible repayment options with a tenure of up to 60 months.
• Salary Transfer: Options available with or without salary transfer.
• Simple Documentation: Minimal paperwork required for application.
• Quick Approvals: Efficient processing and approval for swift financing.
• Special Offer for Affluent Customers: Exotic and luxury car finance options available.
• Pre-approved Credit Card: All auto finance customers receive a pre-approved credit card.

Ajman Bank offers auto finance through the Islamic principle of Murabaha, ensuring a Shariah-compliant process for individuals and corporates. Here are the key features and benefits:

Features and Benefits:

• Competitive Rates: Ajman Bank offers some of the most competitive rates in the market.
• Eligibility for New & Used Cars: Financing is available for both new and used vehicles.
• Financing Amount: Up to AED 600,000.
• Financing Tenure: Flexible repayment options with a tenure of up to 60 months.
• Salary Transfer: Options available with or without salary transfer.
• Simple Documentation: Minimal paperwork required for application.
• Quick Approvals: Efficient processing and approval for swift financing.
• Special Offer for Affluent Customers: Exotic and luxury car finance options available.
• Pre-approved Credit Card: All auto finance customers receive a pre-approved credit card.

Features and Benefits:

• Highly Competitive Profit Rates: Attractive profit rates tailored to meet your financial needs.
• Quick Approval Process: Efficient processing and approval for swift financing.
• No Salary Transfer Required: Offers flexibility in financing.
• Repayment Period: Up to 60 months, providing ample time to repay.
• Profit Rates:
  • Flat rate of 3.09%.
  • Equivalent reducing balance rate of 5.61% (calculated by multiplying the flat rate by 1.814, indicative only).
• Vehicle Eligibility: Financing available for cars as old as the 2008 model year.

Special Rates for ADIB Salary Transfer Customers:

• Salary Below AED 20,000:
  • 3.25% for Salary Transfer Loan (STL).
  • 3.49% for Post-Dated Cheque (PDC).
• Salary Between AED 20,000 to AED 49,999:
  • 2.99% for STL.
  • 3.25% for PDC.
• Salary Above AED 50,000:
  • 2.79% for both STL and PDC.

Abu Dhabi Islamic Bank (ADIB) offers competitive car financing options designed to cater to both low-value and high-value car purchases. This Sharia-compliant finance solution comes with flexible repayment terms and attractive interest rates, making it an ideal choice for those looking to finance their vehicle purchase.

Features & Benefits:

• Repayment Period: Up to 60 months.
• Interest Rate: 2.59% flat rate.
• Minimum Salary Requirement: AED 5,000.
• Reducing Rate and Flat Rate: 4.7% reducing rate and 2.59% flat rate (computed as reducing rate divided by 1.814).
• No Salary Transfer Required: Convenient for applicants.
• Maximum Loan Amount: Up to AED 1,000,000.
• Early Settlement Fee: 1% of the finance amount.
• Processing Fee: AED 1,000.
• Down Payment: 20% of the car price.
• Finance Percentage: Up to 80% of the car price.
• Quick Approvals: Fast processing and approval.
• Simple Documentation: Minimal paperwork required.
• Free ADIB Visa Cashback Card: For the first year.
• Low Contribution Amount: For vehicles from Abu Dhabi National Takaful.

Additional Benefits:

• High Finance Amount: Up to AED 1,000,000.
• Low Minimum Salary Requirement: AED 5,000.
• Sharia-Compliant: Adheres to Islamic finance principles.
• Long Repayment Period: Up to 60 months.
• Convenient Application: One signature application.
• Attractive Rates: As low as 2.59% on new cars.
• No Salary Transfer Requirement: Adds convenience for the applicant.

Required Documents:

• Original and Copy of Valid Passport: With valid residence visa for expatriates.
• Original and Copy of Valid Emirates ID.
• Bank Account Statement: Last 3 months.

Saadiq Auto Finance Features

• Shariah Compliance: Approved by an independent Shariah Supervisory Committee for adherence to Islamic Banking principles.
• Loan Amount: Up to AED 1,000,000 based on your monthly income.
• Repayment Tenure: Up to 60 months with flexible monthly payments.
• Vehicle Selection: Choose from any dealership in the UAE.
• Banking: Simple financing procedure, convenient online and mobile banking, and fast processing.
• Minimum Balance: No minimum balance requirement.

Eligibility Criteria

• Minimum Salary: AED 20,000 per month.
• Age Range: Minimum 21 years and maximum 65 years at the time of finance maturity, or company retirement age, whichever is lower. Proof of retirement age required for those 60 years or older at finance maturity.

Required Documents

• Identification: Passport, UAE Residency Visa, and valid Emirates ID (original).
• Income Proof: Salary Certificate.
• Bank Statements: 3 months of bank statements.

UAB Auto Loan Features

• Loan Amount: Up to AED 500,000.
• Repayment Tenure: Flexible terms up to 60 months.
• Salary Transfer: Not required.
• Finance Coverage: Up to 80% of the vehicle’s value.
• Interest Rates: 2.99% flat rate (equivalent to 5.38% reducing balance).

Auto Finance Features

• Interest Rate: Competitive rates starting from 2.18% flat per annum.
• Repayment Period: Flexible terms up to 60 months.
• Finance Options: Available for both new and used cars.
• Deferment Facility: Option to defer payments.
• Processing: Easy documentation with fast processing.

Documents Required

1. Identification: National ID or valid passport, residence visa, and Emirates ID.
2. Bank Statements: Original 3 months’ bank statement for new customers.
3. Income Verification: Salary certificate.
4. Driver’s License: Valid UAE driver’s license.
5. Vehicle Quotation: Dealer’s quotation for new or used car.

Eligibility Criteria

• UAE Nationals: Aged between 21 and 65 years (at the loan maturity).
• Expatriates: Aged between 21 and 60 years (at the loan maturity).
• Income Requirement: Minimum total monthly income of AED 8,000.

Auto Finance Features

• Interest Rates: Starting from 2.49%.
• Repayment Tenure: Flexible up to 5 years.
• Loan Amount: High financing limits available.
• Down Payments: Flexible options for your convenience.
• Insurance: Preferential rates on insurance.
• Processing Time: Quick and efficient.
• Dedicated Sales Team: Available to assist you at your convenience.

Required Documents

1. Identification: Valid national ID and passport with valid resident visa (for residents).
2. Proof of Residence: Recent utility bill (e.g., electricity, telephone) or rental contract.
3. Income Verification: Latest salary/income/employment verification document.
4. Vehicle Quotation: Dealer price quotation.
5. Bank Statements: Recent 6 months.
6. Vehicle Status Certificate: Certificate from an approved Arab Bank evaluator (for used cars only), stating the vehicle’s status and market price/value.

Auto Finance Offer for Expatriates

Features:

• Profit Rates: Competitive rates starting from 2.59% flat per annum (equivalent to a reducing rate of 4.90% per annum).
• Financing Amount: Up to AED 1.5 million or 80% of the vehicle’s value.
• Vehicle Types: Available for both new and used cars.
• Payment Holiday: Up to 90 days before the first installment.
• Promotional Rates: Valid for a limited time only.

Required Documents:

1. Vehicle Quotation
2. UAE Driving License
3. Bank Statements (if applicable)
4. Salary Certificate (addressed to FAB Islamic, if applicable)
5. Completed and Signed Auto-Loan Application
6. Identification Documents: Copy of valid passport, residence visa, and Emirates ID (originals required for verification).

Secure your auto financing with flexible terms and competitive rates, designed to make your car purchase process seamless and affordable.

Emirates Islamic Auto Finance Offers This Ramadan

Special Ramadan Offer:

• Profit Rates: Enjoy rates starting from 1.89% flat per annum (approximately 3.61% reducing per annum).

Benefits:

• Payment Holiday: Up to 120 days for your first payment.
• 0% Profit Payment Plans: Available for up to 36 months on Emirates Islamic Credit Cards for purchases at select car dealerships.
• Convenience: Apply for Auto Finance easily from home.
• Shariah Compliance: Financing follows a Murabaha structure, ensuring it is Shariah-compliant.

Offer Validity:

• Until: 31 May 2024.

Drive away in your dream car with competitive profit rates and convenient financing options this Ramadan with Emirates Islamic.

Vehicle Financing Benefits

Benefits:

• Interest Rates: Fixed and variable rates starting from 3.75%.
• Down Payment: Pay as little as 20% of the vehicle’s cost.
• Financing Options: Extend your finance through a loan or credit facility.
• Pre-Qualification: Instant pre-qualification for a smoother process.
• No Additional Charges: No fees for vehicle release letters, mortgage placement, NOC to the traffic department, changes in registration, or temporary mortgage releases.
• Additional Perks:
  • Free credit card and bank account.
  • Preferred pricing on pre-owned vehicles.

Eligibility:

• Minimum Salary: AED 5,000.
• Minimum Down Payment: 20% of the vehicle cost.

Enjoy a straightforward financing experience with competitive rates, minimal down payment, and additional benefits to make your vehicle purchase easy and cost-effective.