FAB – Car Finance For Expatriates
Minimum Salary
AED 0
Monthly Payment
AED 0
Down Payment
20%
Flat Rate
2.59%

APPLY ONLINE NOW

Fill in your details below and a product advisor will call you back with more details.

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.

Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

Arab Bank Auto Loan
Minimum Salary
7000
Flat Rate
3.99%
Al Hilal Bank Vehicle Finance
Minimum Salary
5000
Flat Rate
2.35%
Ajman Bank – Exotic Car Finance
Minimum Salary
40000
Flat Rate
2.74%