United Arab Bank Auto Loan

  • Minimum Salary AED 7,500
  • Flat Rate
  • Reducing Rate 5.62%
  • Max. Term 5 Years
  • Salary Transfer No
  • Islamic Finance Yes


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

Documents Required

  • 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.   

Additional Info

  • 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. 

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Jessica Anderson, Finance Specialist is ready to help you!