Auto Finance

Auto Finance Emirates Islamic Bank

Min. salary
AED 5,000
Reducing / Flat
4.15% / 2.29%
Down Payment
20%
  • Salary Transfer Not Required

Buying a car is made simple and hassle-free with Emirates Islamic Auto Finance. The car finance we offer, gives you the opportunity to bring home the car you wanted with the least possible trouble with paperwork and payments.

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

Apply online now

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Unique Features

  • Flexible, extended repayment periods of up to 5 years.
  • Murabaha structure complying with Shari’a principles.
  • Quick and easy approval process.
  • Minimal documentation.
  • Salary Transfer is not mandatory.

Eligibility

  • Salary certificate or documented evidence of income.
  • 3 months bank statements for your salary account (not required if your salary is already being transferred to Emirates Islamic).
  • Copy of valid passport with valid UAE Residence Visa, the latter is applicable for expatriates only (Originals required for verification).
  • Post-dated cheques (if applicable).
  • Security Cheque.
  • Comprehensive Islamic vehicle insurance.
  • A quotation or Pro-forma invoice from the dealer for new vehicles.

Documents required

  • Salary certificate or documented evidence of income.
  • 3 months bank statements for your salary account (not required if your salary is already being transferred to Emirates Islamic)
  • Copy of valid passport with valid UAE Residence Visa, the latter is applicable for expatriates only (Originals required for verification).
  • Post-dated cheques (if applicable).
  • Security Cheque.
  • Comprehensive Islamic vehicle insurance.
  • A quotation or Pro-forma invoice from the dealer for new vehicles.