ADCB Car Loan

Features of ADCB Bank Car Loan

The key features of ADCB car loan are as follows:

• Offers low-interest rate, starting from 1.99% per annum
• One-signature system for car loans makes it easy and convenient
• Avail finance amounts up to AED 1.5 million 
• ADCB auto finance is available at 3.65%, reducing the balance rate for a tenor of 12 months
• Flexible car loan tenure, up to 60 months
• Finance up to 80% of the car's value 
• Protect your investment with an additional insurance finance option 
• For every AED 1,000 of the car loan amount, get 50 TouchPoints 
• Get quick car loan approvals with simple documentation 

Eligibility Criteria for ADCB Auto Loan

You need to fulfill the basic eligibility criteria to get the ADCB car finance:

Eligibility Criteria	Requirements
Age	21 years or more
Minimum salary requirement	AED 5000 per month
Nationality	UAE Resident

Documents Required for ADCB Car Loan 

Here’s the table outlining the required documents for the ADCB auto loan:

Salaried- Employee	Self-Employed	Companies
Valid passport, visa, and EIDA card  Driving license  Salary certificate  3 months’ bank statement  Address proof  Details of existing loans or liabilities	Valid passport, visa, and EIDA card  Driving license  Trade license  3 months’ bank statements for personal and company accounts Power-of-attorney copy  Details of existing loans or liabilities	Valid passport, visa, and EIDA card  Trade license copy  3 months’ company bank statements  Power-of-attorney copy  Details of existing loans or liabilities

Note: Submit valid documents and additional documents may be required by the bank. 

How to Apply for an ADCB Bank Car Loan?

With Policybazaar.ae you can easily apply for a car loan. The steps are mentioned below:

• Visit the official website of Policybazaar.ae
• Head to “Banking Products” and click on “Car Loans”
• Fill out the form with the required details 
• Explore and compare the various car loan options, exploring their features and more
• Select the loan that best fits your needs and click on the “Apply” button 
• Soon, our representative will get in touch with you and guide you through the next steps

ADCB Used Car Loan - Eligibility, Interest Rate, & Benefits

ADCB Car Loan- Fees and Charges

Before applying for this auto loan, you need to be aware of the fees and charges associated with it:

Fees and Charges Type	Amount or Percentage
Processing fees	Minimum AED 525 or 1.05% of the car loan amount
Early settlement fees	1.05% of the settlement amount
Repayment of existing post-dated cheques	AED 105
Advance payment of installment	1.05% of the advance payment amount
Change of due date	AED 52.5
Loan rescheduling fees	AED 262.5
Late payment penalty fees	From AED 52.5 to AED 525/month or 2.10% of the delayed amount
Loan liability letter	AED 63 (applies to non-excellent customers and for settlement due to accident or theft)
Cancellation fees	AED 105
Installment deferment charges	AED 105

ADCB Car Loan Calculator 

The ADCB bank’s car loan calculator is a user-friendly tool designed to help you calculate the car loan EMIs easily. You need to simply put a few inputs- car loan amount, tenure, and interest rate to calculate the monthly EMIs instantly.

It helps you in many ways, such as:

• Planning your budget
• Saving time
• Making informed decisions

Things to Keep in Mind While Applying for an ADCB Car Loan 

There are a few things that you need to know while applying for an ADCB auto loan:

• To ensure a smooth experience with your car loan, it’s important to make timely repayments. This way, you can maintain ownership of your vehicle and enjoy the benefits of your financing arrangement with ADCB Bank.
• In case you are closing your car loan earlier, you need to pay an extra charge as a penalty. 
• To get the ADCB car loan offer, visit the official website and check the latest offers. 
• Remember, failure to pay the car loan amount on time adversely affects your credit Score and future loan-taking capabilities. 

Frequently Asked Questions