Personal Finance

UAE residents prefer car loans this year

New Dodge Neon

Car loans appear to be the most popular form of personal finance in the UAE this year, with a spot poll conducted by suggesting that 39% of people are planning to take out an auto loan this year.

Indeed, according to the spot poll, car loans are preferable to any type of loan at all. The poll results showed that 24% of our users are not planning to take out any loans this year – a much higher proportion than those who said they were planning to take out other types of finance.

RELATED: Surge in UAE credit card applications for Q1 2017

Around 18% of our users said that they’ll be looking to take out a personal loan in 2016, while 8% said they were planning to take out a mortgage to buy their own home.

Meanwhile, 11% said they didn’t know if they’d be taking out a loan this year – they’d see how the year goes.

Are you planning to take out a car loan this year? Click the button below to compare the best options from the UAE’s leading banks!

I want a car loan!
To Top