Car Loan in UAE for Expats

Getting a car loan for expats in the UAE is an easy process, allowing you to own your dream car without a heavy financial burden. There are plenty of banks that offer an array of loan options with attractive interest rates, flexible tenure, minimal paperwork, and more.

Top Car Loan Plans in Dubai

However, with so many choices, finding the best auto loan provider that accomplishes your requirements can be challenging.

To simplify your decision making, this page highlights the top providers along with their unique features and benefits. Whether you are planning to buy a new car or a used one, keep on reading to learn more!

Key Benefits and Features of Car Finance for Expats

Expats in the UAE can enjoy a number of privileges with an auto loan. Here are some noteworthy advantages:

🌟You can avail of up to 80% of the finance amount to buy a car

🪙Financing a car is easy with the online application process

💰Banks offer loans for cars with a low interest rate, available in flat and reduced rates

💵You can apply for a loan even with a low salary, such as AED 5,000 per month

🗓️Flexible tenure option enables you to repay the amount for up to 5 years

📋Banks generally ask for basic documents to apply for an auto loan

Best Car Loan Providers in the UAE for Expats

We have mentioned the top banks offering the best auto loans for expats:

Car Loan Providers	Features and Benefits	Apply
NBQ	Car financing up to AED 750,000 For used and new cars Flexible repayment tenure for up to 5 years  Salary transfer is mandatory  Competitive interest rate	Apply Now
Emirates Islamic Bank	Streamlined application process Salary transfer is not required Extended repayment option of up to 5 years Based on Murabaha structure and Shariah compliant  New, used, and pre-owned car loan options Attractive interest rate	Apply Now
First Abu Dhabi Bank (FAB)	Availability of various types of car loans Low interest rates High finance amount  Flexible repayment tenure  Minimal documentation	Apply Now
ADIB	Low profit rates Maximum repayment tenure for 60 months  High finance amount without salary transfer  Motor Takaful Protection  Simple documentation	Apply Now
ADCB	Finance up to 80% of the car’s worth  Competitive interest rate Easy application process and quick approvals Flexible repayment tenure, for up to 60 months Basic paperwork	Apply Now

Basic Documents Required for Auto Loan for Expats

To get a car loan in UAE, you need to have the following documents in hand:

✅Emirates ID

✅Passport copy 

✅Current bank statement, preferably the last 3 months

✅Income proof

✅Driving license

✅Car quotation

Note: Additional documents may be required by the banks while applying for a vehicle loan in the UAE. 

How to Calculate EMI of an Auto Loan for Expat?

The car loan EMI calculator at Paisabazaar.ae is a handy tool that projects an estimate of monthly installments that you are required to pay the concerned bank. This is easy to use—just simply put in the essential details, such as loan amount, interest rate, and tenure, and you will get the calculation. 

Moreover, with this you don’t need to be puzzled with the numbers or calculation, as it provides accurate results. Ultimately, it saves you time and energy, allowing you to plan your budget in the right way.

Click here to read more about car loan calculator in the UAE

How to Find the Best Car Loan for Expats in the UAE?

Paisabazaar.ae offers access to the best auto loan options from the leading providers. The platform allows you to compare and choose the best one that fulfills your needs and preferences. Here’s how you can apply-

Frequently Asked Questions