What is the current interest rate for a used car loan?

 Auto Loan Interest Rates in the UAE

At UAE Auto Loans, we offer competitive rates and tailor-made solutions to make car ownership simple and stress-free. While advertisements may highlight rates as low as 2.5%, it’s important to understand that the actual rate you get depends on several factors, such as:

• Your salary level

• The age/model year of the car

• Your company profile

• Length of service with your employer

• Your credit score (AECB)

• Ongoing bank promotions

That’s why advertised rates should be viewed as a starting point—they are designed to attract attention, but the final rate depends on your eligibility.

Approximate Bank Interest Rates by Salary Bracket

• Salary AED 3,000 – 5,999: Interest rates typically range from 4.5% to 6.5% per annum.

• Salary AED 6,000 – 12,000: With a good company profile and a solid credit score, interest rates are usually between 3.5% and 5.5% per annum.

• Salary AED 12,000 and above: For new model cars, strong company profile, and good AECB score, rates can be as low as 2.75% – 5% per annum.

• Ijara / Special Refinance Cases: Rates generally start from 4.1% per annum, regardless of salary.

Important Note

These figures are approximate and subject to change depending on bank promotions, customer eligibility, and case-specific factors. The best way to know your exact rate is to share your basic documents and let us check your eligibility directly with the bank.

👉 Contact us today to explore the best car loan options for your profile and get accurate interest rates from the bank itself.