dubizzle Car Finance
Get quick car finance approval with the best rates from UAE's leading banks.
Trusted by the UAE’s Leading Banks
We work directly with top-tier banks to provide quick and trusted service.
Monthly Car Loan Calculator
Estimate your monthly payments using dubizzle's car loan calculator.Car Price
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How dubizzle Car Finance Works
Get your car finance in five simple steps.Have Questions? We've got answers!
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Frequently Asked Questions
Find quick answers to the most common queries about our services, processes, and support. If you can't find what you're looking for, our team is always here to help.What is the processing time for the auto finance paperwork?
The processing time can vary depending on the bank and how quickly you submit all the required documents. Typically, it takes 3 to 5 working days after submitting a complete and valid set of documents for the bank to process your application.
What documents are required to apply for car financing?
The bank will require the following types of documents for processing your loan:
- Valid Emirates ID
- Passport copy and visa page
- UAE driving license
- Valid quotation
- Salary certificate
- Last 3-6 months' bank statements
- 3 months payslips (if any variance in last 3 salaries)
- Bank evaluation certificate (dubizzle will assist for this with additional charges)
Can I get pre-approved for auto finance, and how will I know if my application is approved or in progress?
Yes, you can get pre-approved for auto finance before selecting a vehicle. This helps you understand your budget and negotiate more confidently. You'll receive application status updates via email or SMS. Once the bank completes document checks and credit verification, they'll issue a Local Purchase Order (LPO) after the contract is signed, confirming your loan approval. We'll notify you as soon as we receive confirmation.
How do I calculate my monthly installments?
Monthly installments depend on the down payment, loan tenure and interest rate. You can speak to our finance advisor for an accurate breakdown.
Can I change the repayment schedule on my car loan?
This is solely at banks discretion. Some banks allow schedule changes under specific conditions. You may be able to request early settlement, payment deferrals, or tenor adjustments. Contact your bank directly for available options. Fees and approval may apply.
What types of cars are eligible for financing?
Most banks finance:
- New or certified pre-owned vehicles
- Cars not older than 10 years
Is car insurance included in the financing package?
No, insurance has to be paid directly to the insurance company.
What is the interest rate and what factors influence it?
The interest rate is the percentage charged by the bank on the total loan amount over the loan tenure. It typically ranges from 3.09% to 6.15% flat per annum, depending on several factors. These include your AECB credit score, whether you're a national or expatriate, your income level, and the car’s model and year. Each bank applies its own internal policies, but we always strive to secure the most competitive rate for you.
What are the eligibility criteria for car financing and how much loan can I get?
To qualify for car financing in the UAE, you must be a resident aged 21–60, earn at least AED 5,000/month, have received 3 salary credits via WPS, and be employed for at least 3 months or self-employed for over a year. A clean or acceptable credit history is also required. The loan amount depends on your income and liabilities. Banks generally ensure total monthly repayments (including other debts) do not exceed 50% of your salary. We can give a tailored estimate after reviewing your details.
Can I get a car loan if I have a low credit score?
It may be challenging, but not impossible. Our finance advisors will guide you.
Can I get a loan with zero down payment?
No, as per UAECB regulations, banks finance up to 80% of the car’s value. The remaining 20% must be paid by the buyer as a down payment. However, feel free to ask our team about flexible financing options.
How does dubizzle assist in car financing, and are they responsible for the loan process?
dubizzle assists you in getting car financing by connecting you with its network of partnered banks. Their car services team, including a finance & insurance (F&I) agent, helps coordinate and submit your finance application to suitable banks on your behalf. However, dubizzle is not responsible for the loan approval, disbursal, or repayment process, those are entirely managed by the respective bank, based on its terms and your eligibility.
Can I modify or cancel my application after submitting it?
Yes, in most cases you can modify or cancel your application before final approval. However, cancellation after processing may incur administrative fees.
