United Arab Bank’s auto loan gets you the car of your dreams with minimum formalities and flexible repayment periods as quickly and conveniently as possible.
Major Advantage: Low Salary Requirement, High Loan Amount
Points to Consider: There is down payment required
Interest Rate: 2.99% flat rate p.a.
Processing Fees:1% of finance amount
Minimum Salary Requirement:AED 7,500
Down Payment Required:20%
Repayment Period:5 Years
Early Settlement Fees:1% of outstanding amount
Islamic Finance: Yes and Conventional also available
Salary Transfer Required:No
Maximum Finance Amount: AED 500,000
Holiday Period:Not available
Valid passport, Resident Visa and Emirates ID Copy (For both salaried and self-employed).
Latest 3 months salary bank statement.
Salary Certificate/ Salary Transfer letter (For salaried).
Quotation from Dealer/ Valuation report from approved Valuator.
Applicant should be 21 years and above.
Any other document as required by United Arab Bank policy.
All info mentioned can change at any point in 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 5 years calculation.
Terms and conditions apply.
Terms and Conditions
A. Credit Bureau Consent & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and
make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the
Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without
prior notice and are available upon request. For the current Terms and Conditions, please visit our
website www.citibank.ae . All offers are made available on a best-effort basis and at the sole discretion of
Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect
to the products and services provided by partners/other entities. By inquiring about our services, offers or
products, you will be authorizing our representatives to approach you on your contact details including
your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be
bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae . The
applicant hereby represents and warrants that the information provided herein is true, accurate, and
complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and
against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such
information. Citibank, N.A. is not required to verify the information provided by the applicant and neither
is the bank obliged to provide the applicant with any loans or credit facilities based on the provided
information. The products and services mentioned on this website are not offered to individuals resident
in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino,
Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation
or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
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