Real-cost EMI calculator
Switch between flat and reducing rates and see the effective annual rate, total interest and a year-by-year breakdown.
Car Loans in the UAE
Drive home your new, used or electric car with a car loan that fits your budget.
Calculate your monthly EMI, check how much you can borrow, and compare new, used, Islamic and electric car finance — all in one place, built around UAE rules.
Up to 80% financing
Up to 60 months
Islamic & conventional
Your estimated EMIAED 0 /month
Down payment20%
Sharia-compliantIslamic finance
Tenure48 months
0%Max financing of the car's value
0Max loan tenure (5 years)
0%Max debt burden ratio on salary
0%Early settlement fee cap*
Based on UAE Central Bank retail lending guidelines. *Up to 1% of the outstanding balance, capped at AED 10,000. Always confirm current terms with your bank.
Smarter car finance, from first quote to keys
Everything you need to understand the real cost of a car loan before you sign — clear numbers, no surprises.
Instant affordability check
Enter your salary and existing debts to see your debt burden ratio and the maximum loan you can realistically take.
Islamic & conventional
Understand Murabaha and Ijarah auto finance side by side with conventional loans, so you choose with confidence.
Green & EV options
Many UAE lenders offer preferential terms on electric and hybrid cars. Learn what to ask before you apply.
Document checklist
An interactive list of what salaried and self-employed applicants need, saved on your device as you tick it off.
Unbiased guidance
We help you discover options. Products are issued by banks, and approval is always subject to the lender's criteria.
Pick the finance that matches your car
Each type of car loan works a little differently. Choose one to see how it works and who it suits.
New car loan
Finance a brand-new car straight from a dealer. Dealers often partner with banks, so you may see promotional rates, free insurance for the first year or free service packages.
- Usually the lowest rates on the market
- Dealer quotation is all the car paperwork you need
- Bank holds a lien until the loan is repaid
Max financingUp to 80%
Tenure12 – 60 months
Rate typeFlat or reducing
Best for: buyers who want warranty cover and the cheapest financing.
Used car loan
Finance a pre-owned car from a dealer or a private seller. Banks look closely at the car's age and value, and rates are usually a little higher than for new cars.
- Lower purchase price means a smaller loan
- Bank valuation and RTA inspection are often required
- Many lenders cap the car's age at loan maturity
Max financingUp to 80% of valuation
TenureShorter for older cars
PaperworkMulkiya + inspection
Best for: value seekers who want a lower total cost.
Islamic auto finance
Sharia-compliant finance with a profit rate instead of interest. With Murabaha the bank buys the car and sells it to you at an agreed price; with Ijarah you lease it and own it at the end.
- Fixed, transparent selling price
- No compounding late-payment interest
- Takaful insurance options available
PricingProfit rate
StructuresMurabaha · Ijarah
TenureUp to 60 months
Best for: buyers who prefer Sharia-compliant banking.
Electric & hybrid car loan
Several UAE banks run "green" auto loans for electric and hybrid cars, sometimes with lower rates or reduced fees. Pair it with lower running costs and free public charging offers in some emirates.
- Possible preferential rates and fee waivers
- Lower fuel and maintenance costs
- Ask about home-charger financing
Eligible carsEV · Hybrid
TenureUp to 60 months
PerksVary by lender
Best for: buyers going electric who want to lower total running costs.
Refinance & buyout
Move your existing car loan to another bank for a lower rate, or release cash against a car you already own. Factor in the early settlement fee on your current loan before you switch.
- Lower your EMI or shorten your tenure
- New bank settles your old loan directly
- Liability letter from your current bank needed
Settlement feeMax 1%, AED 10k cap
Key documentLiability letter
Works whenNew rate is clearly lower
Best for: borrowers who took a high rate and have 2+ years left.
Know your monthly payment in seconds
Move the sliders or type your numbers. UAE banks often quote flat rates — switch the rate type to see the true cost.
AED
20K1M
%
0%AED 080%
%
1%12%
months
1 yr2345 yrs
Monthly EMIAED 0for 48 months
Loan amount0
Total interest0
Down payment0
Total cost of car0
Yearly breakdown PrincipalInterest
How much car can you afford?
UAE banks keep your total monthly debt repayments within 50% of your salary. See where the EMI above leaves you.
AED
3K100K
AED
050K
Include personal loans, mortgage and 5% of each credit card limit.
yrs
1870
0%Debt burden ratio
Max affordable EMI0
Max loan amount0
Max car price (with 20% down)0
Your EMI from calculator0
Compare car finance at a glance
How the main types of car finance in the UAE differ, so you can shortlist before you speak to a bank.
| Feature | Conventional | Islamic | Used car | Green / EV |
|---|---|---|---|---|
| Pricing | Interest rate, flat or reducing | Profit rate on a fixed selling price | Interest rate, often slightly higher | Interest or profit, sometimes discounted |
| Max financing | Up to 80% | Up to 80% | Up to 80% of valuation | Up to 80% |
| Max tenure | 60 months | 60 months | Depends on car's age | 60 months |
| Insurance | Comprehensive cover required | Takaful available | Comprehensive cover required | Comprehensive cover required |
| Extra checks | Dealer quotation | Asset purchase by bank | Valuation + inspection | Eligible model list |
| Best for | Lowest headline rates on new cars | Sharia-compliant buyers | Lower total cost | Lower running costs |
From application to the open road
Five simple steps, and the documents to keep ready for each one.
- STEP 01
Set your budget
Use the EMI and affordability tools above to fix a car price, down payment and tenure that stay within your DBR.
- STEP 02
Choose your car
Get a quotation or proforma invoice from the dealer, or the registration card and valuation for a used car.
- STEP 03
Compare & apply
Compare rates, fees and insurance terms from a few lenders, then apply with your documents.
- STEP 04
Approval & insurance
The bank checks your credit report from Al Etihad Credit Bureau and approves; arrange comprehensive insurance.
- STEP 05
Register & drive
The bank pays the seller, the car is registered with the bank's lien, and you collect your keys.
Document checklist
Tick off what you already have.
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Costs to budget beyond the EMI
The monthly payment is only part of the picture. Plan for these before you sign.
Comprehensive insurance
Lenders require full cover for the whole loan term. Premiums depend on the car's value, your age and driving history.
Processing fee
Banks may charge a processing fee on the loan amount. Ask for it to be waived — dealer promotions often include this.
Salary transfer
Moving your salary to the lender can unlock lower rates. Non-salary-transfer loans are available but usually cost more.
Shorter tenure
A shorter tenure raises the EMI but can save thousands in interest. Try 36 vs 60 months in the calculator.
Flat vs reducing
A 3% flat rate costs roughly the same as a 5.5–5.8% reducing rate over 4–5 years. Always compare like with like.
Credit score
Check your Al Etihad Credit Bureau score before applying, and avoid applying to many banks at once.
Lien release
After the final EMI, get a clearance letter and remove the bank's mortgage from the car at the RTA or police traffic office.
Running costs
Fuel or charging, Salik tolls, parking, servicing and annual registration all add to the cost of owning a car.
Car loan questions, answered
Quick answers to what UAE car buyers ask most. Can't find yours? Our help center is a click away.
Visit Help CenterHow much car loan can I get in the UAE?
Banks can usually finance up to 80% of the car's value, so you pay at least 20% as a down payment. The final amount also depends on your salary, existing debts and credit score, because your total repayments must stay within 50% of your salary.
What is the maximum tenure for a car loan?
Car loans in the UAE are generally capped at 60 months (5 years). For used cars, lenders may shorten the tenure based on the car's age.
What's the difference between flat and reducing rates?
A flat rate charges interest on the full original loan for the whole tenure, while a reducing rate charges interest only on what you still owe. That's why a flat rate looks lower but costs more. Our calculator shows the equivalent reducing rate for any flat rate.
What is the minimum salary for a car loan?
It varies by bank. Many lenders ask for a monthly salary of around AED 5,000 or more, and some ask for higher amounts for non-salary-transfer loans. Check each lender's criteria.
Can I pay off my car loan early?
Yes. Under UAE Central Bank rules, the early settlement fee is limited to 1% of the outstanding balance, up to AED 10,000. Ask your bank for a settlement letter showing the exact amount.
Can expats and self-employed people get a car loan?
Yes. Both UAE nationals and residents with a valid visa can apply. Self-employed applicants usually need a trade licence, company documents and 6–12 months of company bank statements.
Ready to find your perfect car loan?
Compare options, know your numbers and apply with confidence. Final approval is always subject to the lender's criteria.