ADCB Used Car Loan

    Min SalaryAED 5,000
    Flat Rate (As Advertised)3.25% p.a.
    Reducing Rate (est. equivalent)5.9% p.a.
    Arrangement Fee1%
    Down payment20%
    Max Finance Amount500,000
    Early Settlement Fee1%



    • There is a long repayment tenure upto 48 months. You can earn 50 Touch Points will be earned for every AED 1,000 of loan amount.


    • You are required to put 20% as down payment for this product
    • The maximum amount of finance offered is AED 500,000.
    • You require a minimum salary of AED 5,000 per month to be eligible.
    • It is not a requirement to transfer your salary to apply.
    • The processing fee for Aspire customers is 1% of the finance amount (Minimum AED 500 and Maximum AED 2,500). Privilege Club members pay 0.50% of finance amount and Excellency Customers pay 0% of finance amount.
    • The early settlement fee for this finance is 1% of the outstanding amount (principal + profit) to date. All other outstanding profit is waived.
    • The rate starts at 3.25% based on a flat rate. It will vary according to the customer profile and the dealer the car is purchased from.
    • The flat rate of this finance is 3.25% and the equivalent rate in reducing balance is 5.9%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only

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    ADCB is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, … see more..

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