Used Car Loan

Used Car Loan Abu Dhabi Commercial Bank (ADCB)

Min. salary
AED 5,000
Reducing / Flat
8.16% / 4.50%
Down Payment
20%
  • For Used Car
  • Salary Transfer Not Required

At ADCB, we understand that driving the right car is not just a part of your lifestyleو it is also a statement of your personality. That is why our Car Loans are customized to meet your requirements.

Max Amount
AED 1,500,000
Arrangement Fee
1.00%
Early Settlement Fee
1.00 %

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Unique Features

  • Convenience – “One Signature” Application.
  • Interest rates as low as 2.49% flat p.a.
  • Finance up to AED 1.5 Million.
  • Tenure up to 60 months.
  • Finance up to 80% of vehicle value.
  • Insurance finance option.
  • Quick approvals.
  • Simple documentation.
  • 50 TouchPoints will be earned for every AED 1,000 of the loan amount.

Eligibility

  • Minimum salary requirement is AED 5000.
  • It is not a requirement to transfer your salary to apply.

Documents required

  • Completed application form. (Req. for Salaried, Self Employed & Companies)
  • Valid Passport, Visa & EIDA Card copy. (Req. for Salaried, Self Employed & Companies)
  • Valid Driving License copy. (Req. for Salaried & Self Employed)
  • Salary certificate issued to ADCB, dated 30 days or less from date of the loan application. (Req. for Salaried)
  • Valid Trade License copy. (Req. for Self Employed & Companies)
  • Last 3 months bank statements copy. (Req. for Salaried & Companies)
  • Last 3 months bank statements copy for both personal and company accounts. (Req. for Self Employed)
  • Quotation from Dealer. (Req. for Salaried, Self Employed & Companies)
  • Valid Power-of-Attorney copy(if applicable). (Req. for Self Employed & Companies)
  • Details of existing loans/liabilities. (Req. for Salaried, Self Employed & Companies)