Lexus Car Loan

While buying a car can be financially challenging, you can find several banks offering car loans in the UAE to lower this stress. Likewise, as someone interested in getting a Lexus car, you can easily avail of a Lexus car loan, with different interest rates and features as per the chosen option.

Features and Benefits of Lexus Car Loan

With Lexus car finance in the UAE, you can enjoy numerous benefits and features such as -

• Affordable loan products
• Flexible loan repayment tenures
• Attractive interest rates
• Assistance in building credit Score

Lexus Car Loan Interest Rates

Before moving on to the top car loan options for Lexus cars, let’s quickly check the factors that affect Lexus car loan interest rates in the UAE -

• Loan amount
• Salary
• Debt-to-income ratio
• Credit score
• Loan tenure

Top Banks Offering Lexus Car Loan in the UAE

Without further ado, here is a list of the top banks offering Lexus car finance in the UAE -

1- Emirates Islamic Bank - Green Auto Finance

Car Loan Specification	Details
Minimum Salary Required	AED 5,000
Car Loan Profit Rate	Fixed Rate: Starting from 1.89% per annum Reducing Rate: Starting from 3.61% per annum
Repayment Tenure	60 Months
Loan Benefits	Optional salary transfer  Hassle-free documentation Get a loan deferment period of up to 120 days before the first payment

Click Here to Apply Now

2- Abu Dhabi Islamic Bank - Car Finance

Car Loan Specification	Details
Minimum Salary Required	AED 5,000
Car Loan Profit Rate	NA
Repayment Tenure	60 Months
Loan Benefits	Finance amount of up to 80% of the car value Financing option available for new and used cars Get 1 instalment deferment yearly

Click Here to Apply Now

3- Abu Dhabi Commercial Bank - Car Loan

Car Loan Specification	Details
Minimum Salary Required	AED 5,000
Car Loan Interest Rate	Fixed Rate — Starting from 1.99% per annum Reducing Rate — Starting from 3.65% per annum
Repayment Tenure	60 Months
Loan Benefits	Maximum finance amount — AED 1.5 million  Enjoy a convenient one-signature application Quick loan approvals Availability of insurance finance option

Click Here to Apply Now

4- HSBC - Car Loan

Car Loan Specification	Details
Minimum Salary Required	AED 10,000
Car Loan Interest Rate	Flat Rate: Starting from 1.99% per annum
Repayment Tenure	NA
Loan Benefits	Salary transfer not mandatory No need to open an account Special flat interest rates for electric vehicles and TESLA Financing solutions available for 4-wheel drive vehicles, motorcycles, and saloon cars Availability of concierge services

Click Here to Apply Now

5- Emirates NBD - Auto Loans

Car Loan Specification	Details
Minimum Salary Required	AED 5,000
Car Loan Profit Rate	Flat Rate: Starting from 1.99% per annum
Repayment Tenure	NA
Loan Benefits	Enjoy a free credit card for the first year Loan approvals in half a day Swift and convenient loan documentation Open a bank account for free

Click Here to Apply Now

Eligibility Criteria for Lexus Auto Finance

Tabled below are the key eligibility criteria for Lexus car finance:

Criteria	Requirements
Age	You must be at least 21 years old
Nationality	Both UAE nationals and UAE ex-pats are eligible
Employment Status	You must be either salaried or self-employed
Income	Your monthly salary must be at least AED 5,000
Credit Score	Varies as per the bank

How to Apply for a Lexus Car Loan via Policybazaar UAE?

Here’s how you can apply for a Lexus car loan -

• On policybazaar.ae, click on the ‘Banking Products’ menu and choose ‘Car Loans’.
• Fill out the lead form with the essential details.
• Submit the form to get redirected to the car loan quotes page.
• Check the list of banks and their loan products.
• Choose and apply for your desired car loan option.

Note: Once your application is submitted, you will be soon contacted by one of our representatives.

Documents Required for Lexus Auto Finance in the UAE

Keep the following documents ready when applying for a car loan UAE -

• Emirates ID
• Passport
• Driving licence
• Original salary certificate
• Past 3-6 months’ bank statements
• Car insurance policy documents
• Car registration documents

Important: All the original documents and their copies must be valid ones.

How to Calculate Lexus Auto Loan Monthly Instalments?

At Policybazaar UAE, we offer you the convenience of calculating Lexus auto finance monthly payments. For this, you can use our car loan calculator -

• Visit policybazaar.ae.
• Tap ‘Financial Products’ and select ‘Car Loan Calculator’.
• Locate the calculator and input your car value, down payment amount, interest rate, and loan tenure.
• Submit to view the result instantly.

Lexus Car Loan: Fees and Charges

Here are the general fees and charges associated with Lexus car finance -

Type of Fee	Charges
Processing Fee	1.05% of the Loan Amount
Early Settlement Fee	1.05% of the Loan Amount
Down Payment	As per the bank
Late Payment Fee	As per the bank

Lexus Car Loan Repayment Options

Primarily, there are 2 channels to make monthly instalment payments for your Lexus auto finance -

Via Online Means

• Sign into your bank account.
• Move to the loans section.
• Choose your Lexus car loan and click on the payment option.
• Follow the steps as prompted.

Via Mobile App

1. Install the bank’s app on your smartphone.
2. Log into your account and move to the loans section.
3. Locate your Lexus car loan and choose the relevant option for payment.
4. Make the payment to complete the process.