United Arab Bank Used Auto Loan

    Min SalaryAED 6,000
    Flat Rate (As Advertised)5% p.a.
    Reducing Rate (est. equivalent)9.07% p.a.
    Arrangement Fee1%
    Down payment20%
    Max Finance Amount500,000
    Early Settlement Fee1%



    • Loan amounts up to AED 500,000
    • Repayment period up to 60 months


    • You are required to put 20% as down payment for this product
    • Loan repayment period is up to 60 months
    • You require a minimum salary of AED 6,000 per month to be eligible.
    • It is not a requirement to transfer your salary to apply.
    • The processing fee is 1% of the principle amount.
    • The early settlement fee is 1% of principle amount.
    • For used cars, the car cannot be more than seven years old at the end of the loan tenure.
    • The flat rate of this finance is 5% and the equivalent rate in reducing balance is 9.07%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only.

    United Arab Bank - Dubaisavers

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