Approval within 24 hours
Nominal interest rates
No guarantors
Minimum documentation
Car Loan, also known as Auto Finance, refers to borrowing money to buy a car. Car financing is quite prevalent in the Emirates with almost 65-70% of car buyers looking to take a loan. It is required by both private individuals and businesses.
Owning a vehicle today has become more of a necessity than a luxury. Planning for your first budget car or to add a luxury model to your fleet, all is possible by using the auto finance services of the banks.
All loans are not created equal, personal loan has become a great option for people to use.
Any salaried, self-employed, or professional is eligible for a buyout loan.
To apply for a new or used Car Loan in UAE, the minimum fixed monthly income should be AED 3000 or above.
A minimum credit score of 650 has become the most important factor in applying for a loan or any financial product in UAE.
The maximum permissible DBR is 50% for salaried and self-employed applicants and 30% for pensioners, as stipulated by the Central Bank.
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Our focus is to avail our visitors with complete and transparent information about loans and other financial products in the UAE market.
Gulf Finance provides you an instant comparison on rates, eligibility, and other features before applying for any financial product and helps to save time and money.
Yes, an auto loan can be consolidated, however, policies may differ from bank to bank.
Debt burden ratio is the ratio of total monthly installment/commitments of credit cards, loans, or any other committed monthly repayments to the total income of an individual.
Yes, but after the consolidation of all loans and cards, your DBR should not reach above 50%.
