written by Finding the best car loan deals for expats in Dubai and Abu Dhabi is essential for hassle-free car ownership. As an expat living in the UAE, owning a car provides convenience, especially in cities like Dubai and Abu Dhabi. To secure the best car loan, you need to compare interest rates, loan terms, and repayment options. Whether you’re looking for a new car loan or a used car loan, understanding the process will help you make an informed decision.
In 2025, the UAE car loan market offers competitive rates and numerous options for expats. In this blog, we will explore the best car loan deals for expats in Dubai and Abu Dhabi, and provide useful tips on how to find the right financing for your vehicle purchase. You can also check Best Car Loan Offers in UAE (2025): Comprehensive Review by MyCarLoan.ae
How to Get a Car Loan as an Expat in Dubai & Abu Dhabi?
As an expat, getting a car loan in the UAE may seem daunting at first, but it is a relatively straightforward process. Here are some key steps to take when applying for a car loan:
1. Check Your Eligibility
Each bank or financial institution in the UAE has specific eligibility requirements for car loans. The general criteria include:
- Residency status: As an expat, you must have a valid UAE residency visa.
- Minimum salary requirement: Many banks require a minimum monthly salary, typically ranging from AED 5,000 to AED 10,000 depending on the bank and the loan amount.
- Employment stability: Most banks prefer applicants who have been employed in the UAE for at least six months to a year.
- Credit score: Your credit score in the UAE plays a key role in the loan approval process. A higher score generally leads to better loan terms.
2. Loan Amount and Repayment Terms
Car loans for expats in Dubai and Abu Dhabi can typically be financed for up to 80-100% of the car’s value, depending on the loan agreement. The loan repayment period can range from 12 months to 60 months (5 years). When applying for a loan, it’s essential to balance the loan amount and the repayment period with your monthly budget to ensure affordability.
3. Interest Rates and Fees
Interest rates on car loans in the UAE can vary based on your creditworthiness, loan term, and the bank’s policies. In 2024, you can expect the interest rates to range from 3% to 5% for new cars and slightly higher for used cars. Additionally, be sure to check for any hidden fees such as processing fees, insurance, or early repayment penalties.
Best Car Loan Deals for Expats in Dubai & Abu Dhabi (2025)
To help you make an informed decision, here are some of the best car loan deals currently available for expats in Dubai and Abu Dhabi in 2024:
1. Emirates NBD Best Car Loan Deals
Emirates NBD is one of the leading banks in the UAE and offers competitive car loan deals for expats in both Dubai and Abu Dhabi.
- Loan Amount: Up to 100% of the car value (new and used cars).
- Interest Rate: Starting from 2.9% per annum on reducing balance.
- Loan Tenure: Up to 60 months.
- Eligibility: Expat residents with a minimum monthly salary of AED 5,000.
- Key Features:
- Quick approval process.
- Flexible loan tenure.
- Free credit life insurance.
- No early settlement fees.
Why Choose Emirates NBD?
Emirates NBD offers one of the most competitive interest rates in the market and a range of benefits such as free insurance and flexible repayment terms. The bank’s reputation and customer service also make it a reliable choice for expats in the UAE.
2. Abu Dhabi Commercial Bank (ADCB) Best Car Loan Deals
ADCB provides attractive car loans with quick processing and affordable interest rates, making it a strong contender for expats.
- Loan Amount: Up to 100% financing for new cars, and up to 80% for used cars.
- Interest Rate: Starting from 2.9% per annum on a reducing balance.
- Loan Tenure: Up to 60 months.
- Eligibility: Minimum monthly salary of AED 5,000 for expats.
- Key Features:
- Flexible repayment options.
- No early settlement fee.
- Free car insurance for the first year.
Why Choose ADCB?
ADCB is known for its transparent terms, low fees, and flexible repayment options. The option to finance both new and used cars makes ADCB a great choice for expats looking to purchase a pre-owned vehicle. Additionally, the free insurance for the first year adds value to their car loan offering.
3. Dubai Islamic Bank (DIB) Best Car Loan Deals
For those looking for Islamic car financing in Dubai and Abu Dhabi, Dubai Islamic Bank (DIB) offers car loans that comply with Sharia law.
- Loan Amount: Up to 100% financing for new cars, up to 80% for used cars.
- Interest Rate: Flat rate of 2.99% per annum.
- Loan Tenure: Up to 60 months.
- Eligibility: Expats with a monthly salary of at least AED 5,000.
- Key Features:
- No down payment required for new cars.
- Flexible tenure options.
- Sharia-compliant financing.
- Easy documentation
Why Choose DIB?
Dubai Islamic Bank’s car loans are Sharia-compliant, making them a good option for expats who prefer Islamic financing. The bank also offers competitive rates and convenient repayment plans. Their quick documentation process ensures fast loan approval, making it ideal for expats looking to purchase a car quickly.
4. Mashreq Bank Best Car Loan Deals
Mashreq Bank offers one of the most flexible car loan plans in Dubai and Abu Dhabi, with great benefits and attractive rates for expats.
- Loan Amount: Up to 100% financing for new cars, and up to 80% for used cars.
- Interest Rate: Starting from 2.9% per annum.
- Loan Tenure: Up to 60 months.
- Eligibility: Expats with a minimum salary of AED 5,000.
- Key Features:
- Hassle-free loan approval.
- Competitive interest rates.
- Free credit shield insurance for the first year.
- No prepayment penalties.
Why Choose Mashreq Bank?
Mashreq Bank offers flexible and hassle-free car loans with attractive interest rates and additional perks, such as free insurance for the first year and no penalties for early repayment. Their quick loan approval process makes it ideal for expats who need a car urgently.
5. First Abu Dhabi Bank (FAB) Best Car Loan Deals
FAB is one of the largest banks in the UAE and offers comprehensive car loan options with competitive rates for expats.
- Loan Amount: Up to 100% financing for new cars and up to 80% for used cars.
- Interest Rate: Starting from 2.9% per annum.
- Loan Tenure: Up to 60 months.
- Eligibility: Expats earning a minimum salary of AED 5,000.
- Key Features:
- No early settlement fees.
- Quick and simple application process.
- Flexible repayment plans.
- Fast approval and disbursement.
Why Choose FAB?
FAB offers one of the most comprehensive and competitive car loan packages in the UAE. The quick application process, low-interest rates, and flexible repayment plans make them a strong option for expats looking to purchase a car. Plus, the absence of early settlement fees provides extra flexibility.
Tips for Getting the Best Car Loan Deals in Dubai and Abu Dhabi
When looking for the best car loan deal in Dubai and Abu Dhabi, here are a few tips to help you secure the best financing:
- Check your credit score: A higher credit score will help you secure a lower interest rate. Make sure to check your credit score before applying for a loan.
- Compare interest rates: Shop around and compare car loan interest rates from different banks to find the most affordable option.
- Consider the total cost: Don’t just focus on monthly payments—consider the total cost of the loan, including interest and any additional fees.
- Loan tenure: Choose a loan tenure that fits your budget. Longer tenures may reduce monthly payments but can result in higher interest payments in the long run.
- Read the fine print: Make sure you understand all the terms, including fees for early repayment, insurance requirements, and loan processing fees.
Conclusion
As an expat in Dubai or Abu Dhabi, securing the best car loan deal is essential for making your vehicle purchase both affordable and financially sound. Whether you are looking for new car financing or used car loans, the banks listed above offer some of the best options in terms of low interest rates, flexible repayment terms, and additional benefits like free insurance and no early settlement fees.
By carefully comparing your options and following the tips provided, you can find the right car loan deal that suits your financial situation and helps you hit the road in your dream car.
