Car Loans for UAE Nationals

To help you out, we have put together this guide featuring a list of financial institutions and banks offering car loans for UAE nationals. Keep scrolling to find what suits you the best!

Top Car Loan Plans in Dubai

Top Banks Offering Car Loans for the UAE Nationals

We have mentioned below the top lenders offering auto loan for UAE nationals:

1.) ADCB

Abu Dhabi Commercial Bank (ADCB) car loan is one of the top choices among UAE nationals. The bank offers efficient finance solutions for salaried and self-employed individuals with easy documentation. Along with other significant benefits, the bank offers exclusive pricing for Emirati customers and a special finance rate on selected car brands.

Features and Benefits of ADCB Car Loan

• High finance amount of up to AED 1.5 million or up to 80% of the car value
• One-signature application process to get the loan faster
• Flexible loan repayment tenure of up to 60 months
• Minimal paperwork
• Get quick and fast car loan approvals
• Loan options available for salaried employees, self-employed individuals, and companies

2.) ADIB

UAE nationals can easily apply for a car loan with Abu Dhabi Islamic Bank (ADIB), enjoying exclusive perks. The bank offers an extended age limit for nationals— they can apply for the loan up to the age of 65, unlike expats. In addition to this, the auto finance solution is packed with benefits like competitive profit rates, flexible repayment terms, minimal documentation, and more.

Features and Benefits of ADIB Car Loan

• Attractive profit rates, starting from 1.79% (flat)
• Up to AED 1 million finance amount for UAE nationals
• Repay the loan amount with a 60-month flexible tenure
• Enjoy a 6-month grace period for the first payment
• High coverage with Motor Takaful protection
• No salary transfer is needed for the car loan

3.) Emirates Islamic Bank

Emirates Islamic Bank gives you the opportunity to own a car with a simple auto-finance solution. This service is based on a Sharia-compliant Murabaha structure that offers a low-profit rate and flexible tenure. Instead of paying a huge amount upfront, you can opt for easy installments with this auto loan option. All in all, it allows you to get behind the wheel without any financial burden.

Features and Benefits of Emirates Islamic Car Loan

• Easy application process and quick approvals
• Car loan facility for both new and used cars
• Low-profit rate for nationals—starting from 2.49% for new cars and 3.19% for used cars
• Flexible repayment option, up to 5 years
• Minimal documentation
• Salary transfer is not mandatory

4.) Emirates NBD Bank

An auto loan process is effortless with Emirates NBD bank, as it offers unparalleled privileges to UAE nationals. From fast approvals, plenty of finance solutions, competitive interest rates, minimal documentation, and more, the bank offers everything that makes your loan experience hassle-free. Furthermore, the finance option is available for both individuals and corporations in the UAE.

Features and Benefits of Emirates NBD Car Loan

• Variety of car loan options for individuals and businesses, including fixed-rate auto loans, green auto loans, commercial vehicle & construction equipment loans, and more
• Finance up to 80% of the vehicle's cost
• Low-profit rate, starting from 1.89% flat for Emiratis
• Finance solutions for new and used cars
• Secure fast loan approvals
• Convenient loan repayment option, up to 5 years

5.) First Abu Dhabi Bank (FAB)

The UAE nationals who have a minimum salary of AED 7,000 or an average balance of AED 25,000 and above are eligible for a FAB car loan. The bank lets you buy your dream car with a low interest rate and flexible financing options. Along with this, you can get a high finance amount for new and pre-owned cars.

Features and Benefits of FAB Car Loan

• Loan availability for new and pre-owned cars
• Exclusive auto loan service for salaried and self-employed applicants
• Attractive profit rate for nations, starting from 2.15%
• Get up to AED 1.5 million as a finance amount
• Hassle-free documentation
• Flexible loan repayment term

6.) NBQ

NBQ offers a car loan for UAE nationals at an attractive interest rate. You can easily avail of up to AED 750,000 in financing with easy repayment options. Apart from that, borrowers can benefit from a pool of perks, including simple documentation, quick approvals, flexible repayment periods, and more.

Features and Benefits of NBQ Car Loan

• High finance amount of up to AED 750,000
• Flexible tenure for UAE nationals
• Competitive interest rates
• Auto finance option for new and used cars
• Salary transfer is not mandatory
• Basic documents required for a car loan

7.) RAK Bank

RAK Bank auto loans for UAE nationals are available at a very competitive profit rate with minimum requirements. You can finance a range of vehicles with this loan, including luxury, sports, and new and used cars. Additionally, you can obtain a low-cost loan from the bank as there are no hidden charges.

Features and Benefits of RAK Bank Car Loan

• Get a car loan at a low interest rate, such as 2.70%
• Transparent car finance solution
• No salary transfer is required
• Enjoy up to 2 deferrals in a year
• 20% of minimum down payment is required
• Efficient loan repayment process

Eligibility Criteria—Auto Loan for UAE Nationals

Typically, you need to meet the following eligibility criteria to get a car loan in the UAE:

Eligibility Criteria	Specifications
Age	At least 21 years old
Minimum Salary	AED 5,000 per month
Employment Status	Salaried and self-employed

Required Documents—Car Loan for UAE Nationals

You need to submit the following documents while applying for a car loan in UAE:

✅Driving license

✅Emirates ID

✅Passport copy 

✅Recent bank statements

✅Salary proof 

✅Car quotation 

✅Trade license (if applicable)

Note: You may need to submit some additional documents if requested by the concerned bank or financial institution.

Tips to Get the Best Auto Loan for UAE Nationals

By using the following tips, you can get the best car loan in the UAE: 

⚖️Compare and Evaluate Car Loan Options

Before applying for a car loan, it is crucial to carefully evaluate the processing fees, early settlement charges, insurance costs, and customer service, along with interest rates. While lenders often advertise attractive interest rates, additional fees may significantly impact the total cost of financing. 

💯Build a Good Credit Score (AECB Report)

A high credit Score, typically more than 700, significantly increases your chances of approval and better loan terms. For a good score, regularly monitor your al etihad credit bureau (AECB) report, clear outstanding debts, and avoid missed payments. 

🔽Lower Your Debt Burden Ratio (DBR)

The Central Bank of the UAE mandates that your total monthly loan repayments shouldn’t exceed 50% of your income. Pay off credit cards and existing loans to improve your DBR; this helps you qualify for higher loan amounts or lower interest rates.

⏳Opt for a Shorter Car Loan Tenure

While longer tenures helps reduce monthly EMIs, shorter terms save on the interest paid over time. If your monthly income allows, choose a short loan tenure.

Paisabazaar.ae—Compare Easily and Get the Best Car Loan

Paisabazaar.ae is a premier online platform to secure the best car loan for UAE nationals. You can find the top loan providers here with a feature of comparing their products efficiently. Users can evaluate the best finance solution by evaluating interest rates, additional charges, repayment terms, and so on of all the available options.

You can avail many more benefits with Paisabazaar.ae, including

🚘Top car loan providers in one place

💯Lowest interest rates

🏆Exciting rewards

👤Expert assistance

🚨Robust customer support

Frequently Asked Questions