Car Loans

It's never been simpler to purchase a new automobile in Dubai. Al Haditha Investment offers its clients quick and simple auto financing services. We have partnered with a number of Dubai-based banks to provide our clients the greatest rates when applying for auto loans.

• Our staff of professionals is knowledgeable about the features and advantages of auto loans offered by banks in Dubai. In addition to providing customers with information about the bargains, they also assist them in selecting the best deals based on their needs.
• In order to help loan seekers compare current rates and make an informed choice, we give a breakdown of the interest rates and other fees associated with new auto loans offered by different banks.
• Our clients in Dubai receive comprehensive auto financing services from Al Haditha Investment. We take care of all the paperwork, which makes life much easier for our esteemed clients.

Features and benefits of new car loan

Any business owner who operates a respectable enterprise and makes a fair living may qualify for a business loan. The banks primarily use the following factors to determine the amount to be awarded:

• Lower rate of interest on car loan
• Longer tenure of repayment around 7 years
• Low processing fee
• Generally banks finance 85% of the ex showroom price of the car
• The loan process is quick for car loan

Eligibility to get Car Loan in Dubai

The banks decide the eligibility for car loan on the basis of following criteria

• Age of the loan seeker
• Income of the loan seeker
• No. of years in the employment or occupation
• Score and good repayment history

Banks offering car loan in Dubai

Bank	Rate of Interest	Processing fee	Prepayment charges	Loan amount	Tenure
Dubai Islamic Bank	11.50% to 13.75% depending on the segment of the vehicle	AED.3,175 /-for loan up to AED. 2.5 AED.4,325/- for over AED. 2.5 to AED.4 AED. 4,830/- for over AED. 4.01 to AED.5 AED.5,225/- for over AED.5.01 up to AED.10 AED 5,875/- for AED 10 plus	6% of the principal outstanding within 1 year from 7th EMI 5% of principal outstanding for preclosure within 13-24 months from 1st EMI 3% of principal outstanding post 24 months from 1st EMI	Up to 100% funding	7 years
Emirates NBD	10.45% for men 10.40% for women	0.51% of the loan amount, Minimum of AED.1020/- and maximum of AED.10, 2000/-. Waived till 31.12.2024	Nil	Up to 85% of the on road price of the car	7 years
Noor Bank	10.75% to 15.00% depending on the segment of the vehicle and loan tenure			Up to 100% of the e showroom price of the car	up to 7 years
Sharjah Islamic Bank	11.50%	AED.3500/- to AED.5500/-	5% of the principal outstanding after 180 days of disbursement 10% of the principal outstanding up to 180 days of disbursement	Up to 95% of the ex-showroom price	Up to 7 years