Auto Loan


Min. salary
AED 5,000
Reducing / Flat
4.26% / 2.35%
Down Payment

RAKBANK Car Loans ensures minimum formalities and flexible repayment periods, that put you in the driver's seat quickly and conveniently.

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

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Unique Features

  • Minimum 20% down payment required for Salaried Customers, and from 0% Down Payment for All Business & Self Employed Customers.
  • No salary transfer needed for salaried customers.
  • First installment after 60 days.
  • Flexible repayment periods up to 60 months.
  • Finance available for new companies with Length of Business from 6 months onwards.
  • Finance available for Insurance, Rustproofing, service and maintenance contracts, and GAP if required.
  • No hidden charges.
  • RAKdirect  24-hour phone banking support.


  • RAKauto Loans are offered to all UAE nationals, GCC nationals and expatriates holding a valid UAE residence visa. It is available for individuals as well as company purchases.
  • Minimum age requirements are 18 years and six months for registration and 20 years and six months for cheque payers.

Documents required

  • Driver's license.
  • Salary certificate.
  • Bank statement.
  • Vehicle quotation.
  • Security cheque.
  • Passport and visa copy.