Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
Union National Bank - Auto Loan Union National Bank - Auto Loan Minimum Salary: AED 5,000 Salary Transfer: Yes Early Settlement Fees: 1% Maximum Term: 5 Years Flat Rate: 2.35% Reducing Rate: 4.23%
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Introductory offer:
  • Grace period up to 3 months
  • Chance to win up to AED 1 million every month
Competitive Interest Rates:
  • 1.49% - for salary above AED 20,000
  • 2.25% - for salary above AED 8000 with salary transfer to UNB
  • 2.35% - for salary above AED 8000 without salary transfer to UNB
UNB Auto Loan Features:
  • High Loan Amounts
  • Easy Processing
  • Processing fee is 1% of the loan amount
  • Early settlement is 1% of remaining balance
  • UNB provides loan for both New and Used Cars
Documents Required:
  • Copy of passport with valid residents visa
  • Copy of Emirates ID
  • Last 3 months back statement
  • Registration papers (For used cars)
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
ADCB - Car Loan
Minimum Salary
AED 5,000
Flat Rate
2.49%
Noor Bank Auto Finance
Minimum Salary
AED 5,000
Flat Rate
2.49%
Emirates NBD - Feature Packed Auto Loans
Minimum Salary
AED 10,000
Flat Rate
2.49%
HSBC - Car Loan
Minimum Salary
AED 20,000
Flat Rate
2.49%