ADIB Car Loan Calculator

ADIB is a leading Islamic banking institution in the UAE, which was set up in 1997. It is also the 4th largest Islamic bank across the globe. With over 20 years of experience, the bank has been providing quality services to its customers. At present, ADIB has a more than 1 million customer base.

Within the personal banking segment, individuals can opt for ADIB car loans to finance both newly purchased cars and used cars. Borrowers can pre-calculate their monthly instalments with the help of a car loan calculator in the UAE. Let us discuss the ADIB car loan calculator in detail.

Key Features of ADIB Car Loan in the UAE

Mentioned below are the key features and benefits of an ADIB car loan:

• Get a finance amount of up to AED 1 million.
• The bank offers a profit rate starting from 2.25% per annum.
• Enjoy a flexible repayment loan tenure of up to 60 months.
• Applicants having a monthly salary of AED 5,000 and above are eligible to avail the ADIB car loan.
• Enjoy a grace period of up to 210 days before paying the first instalment.
• Get one yearly instalment deferment.

What are the Benefits of Using an Online Car Loan Calculator?

Utilizing an online car loan calculator offers a wide range of benefits, which are as follows:

• Effective Financial Management - With the help of a car loan calculator, you can set your budget in advance. The tool helps you get an approximate value of your monthly instalments. Hence, you can decide on the amount to borrow and the instalment amount without impacting your daily spending.
• Accuracy - Human error is quite possible when manually calculating car loan monthly instalments. Whereas, online calculators remove such errors. Thus, you can get accurate results as the results are automatically machine-generated.
• Saves Time - Calculating loan instalments offline involves a long process and consumes a lot of time. On top of that, it increases the probability of miscalculations.  However, this issue can be easily eliminated through an online car loan calculator. This online tool automatically determines the monthly instalment instantly without any effort.
• Instant Results - An online car loan calculator is also known for generating quick results. Once you enter the desired values, the final outcome appears on your screen within seconds.
• Easy to Access - You can access an online car loan calculator easily. The tool is available on each bank’s website. Moreover, you are not charged any fee to use the calculator.  Besides, you can enter different values, and reset them each time to get a different result.

How to Calculate ADIB Car Loan?

Access the Policybazaar UAE car loan calculator to evaluate the monthly premium of your car loan. Using our online tool will allow you to make an informed decision regarding the amount you must borrow from your respective bank. Here’s how to use it:

1. Visit www.policybazaar.ae.
2. Click on the ‘Banking Products’ drop-down on our homepage.
3. Select ‘Car Loan Calculator’.
4. On the next page, scroll to locate the car loan calculator.
5. Enter the loan tenure, interest rate, car price and down payment.
6. The estimated amount will be instantly displayed at the bottom of the calculator.

Note: The monthly instalment may be slightly different from the actual amount due to variations in the interest rate applied to your auto loan.