: Arranged through the showroom, this is convenient but can include higher administration fees or "balloon payments" (large lump sums due at the end of the term). Eligibility & Requirements (UAE)
: Shorter terms (e.g., 36 months) result in higher monthly payments but lower total interest paid over the life of the loan. Pro Tips for Buyers automobile financing
: A score of 650 or above from the Al Etihad Credit Bureau (AECB) is generally preferred for smoother approval and better rates. Documents Needed : : Arranged through the showroom, this is convenient
: New cars generally enjoy lower rates (starting around 2.15% flat). Used cars often have higher rates and shorter repayment tenures, especially if the vehicle is more than 5–7 years old . Documents Needed : : New cars generally enjoy
Automobile financing allows you to purchase a vehicle by borrowing money from a lender and repaying it over a set period, typically between . In the UAE, lenders typically finance up to 80% of a car's value , requiring a minimum 20% down payment in cash. Core Financing Types