you may know us as compareit4me
Product of the Month
ADIB - Car Finance
Flat Rate
Reducing Rate
AED 8,000
Minimum Salary
Salary Transfer

We match your details with the most trusted banks in the Middle East to find the perfect product for your needs.
*Calculations are based on flat rates
Compare Car Loans
Cannot add more products.
Compare Car Loans
Provider Minimum Salary Flat Rate Reducing Rate Down Payment
Simplylife - Car Loan from ADCB Simplylife - Car Loan from ADCB Minimum Salary: AED 5,000 Flat Rate: 3.19% Reducing Rate: 5.99% Down Payment: 20% Compare
Gulf Finance Business Vehicle Finance Gulf Finance Business Vehicle Finance Minimum Salary: AED 1,000,000 Flat Rate: 6.06% Reducing Rate: 10.5% Down Payment: 10% Compare
Commercial Bank of Dubai - Tamweel Car Loan Commercial Bank of Dubai - Tamweel Car Loan Minimum Salary: AED 10,000 Flat Rate: 2.75% Reducing Rate: 5.0% Down Payment: 20% Compare
SIB Car Finance SIB Car Finance Minimum Salary: AED 8,000 Flat Rate: 2.99% Reducing Rate: 5.38% Down Payment: 0% Compare
Mashreq Car Loan Mashreq Car Loan Minimum Salary: AED 5,000 Flat Rate: 2.35% Reducing Rate: 6.33% Down Payment: 20% Compare
Dubai Islamic Bank - Al Islami Used Car Finance for Self Employed Dubai Islamic Bank - Al Islami Used Car Finance for Self Employed Minimum Salary: AED 10,000 Flat Rate: 3.59% Reducing Rate: 6.7% Down Payment: 20% Compare
HSBC - Car Loan (Used Car) HSBC - Car Loan (Used Car) Minimum Salary: AED 7,500 Flat Rate: 3.49% Reducing Rate: 7.29% Down Payment: 20% Compare
Emirates Islamic - Auto Finance Emirates Islamic - Auto Finance Minimum Salary: AED 5,000 Flat Rate: 2.35% Reducing Rate: 0% Down Payment: 20% Compare
« 1 2 »
Got a question?
This will depend on your chosen loan provider but in most cases, you will need to show:
  • Copy of valid passport
  • Proof of UAE residency status
  • Valid UAE Driving License
  • Three months of bank statements that reflect regular salary credits
  • Proof of income – salary certificate / salary transfer letter
Yes although the amount of down payment required will differ according to each bank. Criteria taken into account include:
  • Whether you are buying a new or a used car
  • Whether you are going to transfer your salary to the bank that will provide the car loan
  • Whether you are taking out an Islamic product, in which case, no down payment is required.
This depends on the individual bank but can be up to 60 months / 4 years.
Most banks offer finance of 70-80% of the car value. The actual loan amount will depend on your income, the loan period and various other criteria.
  • New or used – For used cars, most banks impose a limit of car model they will finance
  • Minimum salary requirement – UAE banks normally impose a minimum salary required to take out a car loan so select a provider from those whose minimum salary requirement is less or the same as your salary
  • Interest rates – do flat or reducing interest rates apply? See below for details of how these differ
  • Down payment – consider what the minimum down payment is
  • Fees – consider all fees applicable such as arrangement fees and early settlement fees
  • Other benefits – does the bank provide options for a payment holiday
Compare, compare, compare! Use our smart comparison tools to choose the best car loan for you.
This relates to what the bank will charge you at the beginning of the loan and can either be clubbed with your principal loan amount or paid upfront. Some banks may offer personal loans with no arrangement fee but others may charge a fixed fee or a percentage of your total loan amount.
No, you don’t always have to but doing so will often mean you get a better rate as you are then seen as a less risky customer.
Yes, you can normally request a change in your repayment schedule although a small processing fee may apply.
This relates to the fee applicable if you decide to pay off your loan early. If, for example, you take a car loan for three years but expect to be in a position to pay if off before then, any early settlement fee becomes an important factor in choosing your loan provider. Some banks have offers with no early settlement fees whilst others may charge 1% or more.