Auto Finance Offers
About auto finance
Auto finance may offer different pricing structures (Commercial interest rate or Islamic Murabaha rate) compared with personal loans; actual rates are set by the relevant bank. Many banks offer auto finance for personal use only; each bank sets its own conditions.
Types of Car loans
Purchase a new car
Finance for a new car. How much a bank lends against the car's value (the loan-to-value ratio) and on what terms is set by each bank.
LTV : Loan To Value ratio means the amount of the loan in comparison of the value of the car/home/land etc.
Ex: Buying a car for 10,000 and getting a loan for 8,000, that’s 80% LTV.
Purchase a used car
Finance for a used car. Banks set their own limits, for example the maximum age of the car when the loan ends.
Important information. BestRateUAE is a digital marketplace, not a bank, lender or financial adviser. Offers, rates, fees, terms and every eligibility and approval decision come from the participating bank or finance company. Information on this page is general and varies by bank.