ADIB Auto Finance

Minimum Salary
5.000,00 د.إ

Flat Rate
2.75%

Reducing Rate
AED 4.99%

Maximum Term
5 Years

Monthly Payment
AED 16,000

Description

Abu Dhabi Islamic Bank (ADIB) provides Sharia-compliant auto finance with competitive profit rates (flat from 2.75%–4.49%, reducing from 4.75%–8.25% depending on salary transfer) and promotional rates starting at 1.99% p.a., flexible tenures up to 60 months, financing up to 80% of the vehicle value, and a suite of fee waivers and deferment options.

Features

Profit Rates & Financing Terms

Rate Type With Salary Transfer Without Salary Transfer Promotional Starting Rate
Reducing Balance 4.75%–8.25% p.a. 5.25%–8.25% p.a.
Flat Rate 2.75%–4.49% p.a. 2.99%–4.49% p.a. from 1.99% p.a.
Maximum Tenure 60 months 60 months 60 months
Maximum Finance Cost minus 20% down payment Cost minus 20% down payment Up to AED 1 million (UAEs), AED 500 k (expats)

 

Eligibility Criteria

Applicants must meet the following:

  • Age 21–65 years;
  • UAE national or resident expatriate;
  • Minimum monthly salary of AED 5,000;
  • Satisfactory credit and affordability assessment;
  • Salary transfer to ADIB for the most competitive rates; non-salary-transfer options available at slightly higher rates.

Schedule of Fees & Charges

Fee Type Charge
Processing Fee (one-time) 1% of finance amount – max AED 2,500 + VAT
Etihad Credit Bureau (one-time) AED 30 + VAT
Installment Postponement No fee (one postponement per year)
Early/Partial/Final Settlement Up to 1% of outstanding principal – max AED 10,000 + VAT
Donation Commitment (late payment) AED 100 per missed installment
Direct Debit Authority setup (one-time) AED 100 + VAT
DDA Amendment / Cancellation (per request) AED 100 + VAT
DDA Insufficient Funds (per transaction) AED 25 + VAT
Cooling-Off Period 5 business days right to cancel (subject to terms)

 

All fees exclusive of VAT unless stated.

Documents Required

  • Copy of valid passport with UAE residence visa;
  • Original and copy of Emirates ID;
  • Latest 3 months’ bank statements;
  • Salary certificate or employment contract (salaried applicants);
  • Vehicle quotation/invoice;
  • Trade license and audited financials for self-employed.

Additional Info

  • Promotional Low Rates: Starting from 1.99% p.a. on selected tenures and salary-transfer applications;
  • Flexible Repayment: Tenures up to 60 months; up to 210-day first-payment deferment; one free installment deferment per year;
  • High Financing: Up to AED 1 million for UAE nationals (AED 500 k for expats);
  • Sharia-compliant Takaful: Optional Motor Takaful protection;
  • Quick & Easy: Minimal paperwork, digital application, and fast approvals;
  • Dealer Partnerships: Access to exclusive discounts via ADIB’s dealer network.

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