Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
FAB - Car Loans for Salaried Individuals FAB - Car Loans for Salaried Individuals Minimum Salary: AED 0 Salary Transfer: No Early Settlement Fees: - Maximum Term: 5 Years Flat Rate: 1.31% Reducing Rate: 2.35%
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The car of your dreams with salary transfer
Get your dream car through FAB Car loan for Salaried Individuals.

Features
  • Competitive interest rates starting 2.35% p.a.*
  • Generous loan amounts: up to AED 1.5 million or 80% if the car value
  • Finance available for New and Used vehicles
  • Terms and Conditions Apply

Required Documents
  • Vehicle Quotation
  • UAE Driving License
  • Bank Statements (Where Applicable)
  • Salary Certificate (Where Applicable)
  • Completed and signed Auto Loan Application Form
  • Copy of valid Passport / Visa / Emirates ID (Originals must also be presented) 
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
ADCB Islamic Banking - Car Finance
Minimum Salary
AED 5,000
Flat Rate
2.49%
RAKBANK - RAK Auto Loan
Minimum Salary
AED 5,000
Flat Rate
1.25%
Emirates Islamic - Auto Finance
Minimum Salary
AED 5,000
Flat Rate
-
Mashreq Car Loan
Minimum Salary
AED 5,000
Flat Rate
3.45%