RAKBANK Auto Loan

Get a car loan with RAK Auto Car Finance.

• Minimum 20% down payment required for Salaried Customers.
• 0% Down Payment for All Business & Self Employed Customers.
• ​Highly competitive profit rates.
• Quick approval process
• Salary needs to be transferred to get lower rates.
• Repayment period of up to 60 months
• The processing fee is 1% of loan amount [Min AED 500 ; Max AED 2,500].
• The early settlement fee is 1% of outstanding balance.
• The rate starts at 2.35% based on a flat rate.
• RAKdirect 24 hour phone support

• Minimum Salary –  AED 5,000
• Max Loan Amount – AED 500,000
• Downpayment – 0%