ADCB – Car Loan 2024 New Features

Minimum Salary

AED 5,000

Monthly Payment

AED 1,735

Flat Rate

1.99%

Down Payment

20%

Salary Transfer

Yes

Early Settlement Fees

1%

Maximum Term

5 Years

Reducing Rate

4.13%

ADCB brings you a comprehensive Car Loan tailored to make your vehicle ownership dreams a reality. With competitive features, transparent terms, and a streamlined application process, ADCB’s Car Loan ensures a hassle-free journey toward owning your desired car. Whether you’re eyeing a new or used vehicle, ADCB has crafted a financing solution to suit your needs. Explore the freedom of the open road with ADCB’s reliable and flexible Car Loan.

Key Features

  • Streamlined one-signature application process
  • Finance amounts of up to AED 1.5 million
  • Flexible repayment tenure spanning up to 60 months
  • Finance up to 80% of the car’s appraised value
  • Option for insurance financing
  • Expedited approval process
  • Straightforward documentation requirements

Documents Required:

Salaried Individuals

  • Completed application form
  • Valid copies of Passport, Visa & EIDA Card
  • Copy of valid Driving License
  • Salary certificate addressed to ADCB, dated within 30 days of the loan application
  • Copy of the last 3 months’ bank statements
  • Quotation from the Dealer
  • Details of existing loans/liabilities

For Self-Employed Individuals

  • Completed application form
  • Valid copies of Passport, Visa & EIDA Card
  • Copy of valid Driving License
  • Copy of valid Trade License
  • Copies of the last 3 months’ bank statements for both personal and company accounts
  • Quotation from the Dealer
  • Copy of valid Power-of-Attorney (if applicable)
  • Details of existing loans/liabilities

For Companies

  • Completed application form
  • Valid copies of Passport, Visa & EIDA Card for the company signatory
  • Copy of valid Trade License
  • Copies of the last 3 month company bank statements
  • Quotation from the Dealer
  • Copy of valid Power-of-Attorney (if applicable)
  • Details of existing loans/liabilities

      BANKS
Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank-Islamic
Abu Dhabi Islamic Bank
Ajman Bank
Arab Bank
Commercial Bank International
Commercial Bank of Dubai
Dubai Islamic Bank
Emirates Islamic
Emirates NBD
Finance House
First Abu Dhabi Bank
HSBC
National Bank of Fujairah
National Bank of Umm Al Qaiwain
Noor Bank
Sharjah Islamic Bank
Standard Chartered Bank
United Arab Bank
simplylife from ADCB
ADCB - Car Loan 2023/2024 New Features

ADCB

ADCB Islamic Banking stands at the forefront of ethical financial solutions in the United Arab Emirates. Committed to Sharia-compliant principles, ADCB Islamic Banking offers a diverse range of products and services, including innovative car finance solutions. With a focus on customer-centricity and adherence to Islamic values, the bank provides a seamless and transparent banking experience. ADCB Islamic Banking's dedication to excellence, coupled with competitive offerings and personalized services, positions it as a trusted partner for individuals and businesses seeking ethical and tailored financial solutions in the dynamic landscape of Islamic banking.

If you're in the market for a car loan, you're in the right spot. We offer an extensive selection of over 40 diverse car loan options for you to consider. We've carefully assessed criteria such as minimum salary requirements, monthly repayment plans, and the flat rate percentage.