To Speak to an advisor, Kindly Call +971-43233236

Email Us:

CBI New Auto Loan

CBI New Auto Loan
Minimum Salary

5,000 AED

Flat Rate

3.75 %

Reducing Rate


Max. Term

5 Years

Salary Transfer


Islamic Finance



CBI Auto Finance is a facility that can be availed for purchasing a vehicle in UAE. This loan can be used to finance the purchase of a new vehicle.

Major Advantage: High finance amount

Points to Consider: To get better rate salary transfer is required, Finance only for new cars


Interest Rate: If Salary transferred, then rate starts at 3.75% which is a flat rate. If Salary is not transferred, then rate starts at 4%

Processing Fees: 1% (Min 500, Max 2,500)

Minimum Salary Requirement: AED 5,000

Down Payment Required: 20%

Repayment Period: 5 Years

Early Settlement Fees: 1% of outstanding amount

Sharia Compliant: No

Salary Transfer Required: Not Compulsory

Maximum Finance Amount: AED 500,000 for salary transfer customers, AED 250,000 for non-salary transfer customers

Holiday Period: Deferment Available with charge of AED 100 per deferment

Documents Required
  • Valid passport, Resident visa and Emirates ID Copy.
  • Latest 3 months salary bank statement.
  • Salary Certificate.
  • Dealer valuation in case of Used Car
  • Dealer quotation addressed to CBI Bank for new car.
  • Valid UAE driving license.
  • Any other documentation which may be required according to CBI Bank policies.
Additional Info
  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Flat rate is converted into reducing rate as per 4 years calculation.
  • Terms and conditions apply.
Apply and Request Call Back
Fill in your details below and a product advisor will call you back with more details.
Right now you cannot apply for this product from our website, but fill the form we will assist you to take other products listed with us.
EMI Calculator