Finance House Car Loan in UAE

Finance House has the right solution to make you a car owner effortlessly! Established in 2004, it is one of the first independent finance companies in the UAE. Among its diverse offerings is Finance House car loan, which is flexible and transparent, and allows you to finance a new or used car with low interest rates. ...read more

Keep on reading to learn more about Finance House auto loans!

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Finance House Car Loan: Overview

Finance House auto finance is a popular loan product among UAE residents. It gives you the opportunity to bring home the car you want with minimal paperwork and zero financial stress.

The benefits of this car loan in UAE are plenty. You can enjoy a high finance amount, attractive interest rates, minimal documentation, and an easy application process. On top of that, you can also get additional perks and benefits like comprehensive auto insurance, a credit card that is free for life, and more.

So whether you want to buy a new or used car, you can confidently choose the Finance House vehicle loan option.

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Key Features and Benefits of Finance House Auto Loan

Let’s take a look at some specific features and benefits of Finance House car loan —

Competitive Interest Rate

Finance House offers vehicle loans at attractive interest rates. For new cars, the rates start at 7%. For used cars, meanwhile, the rates start at 8%. 

Flexible Loan Tenure

You can repay your loan across a 60-month repayment period. 

High Finance Amount

A key benefit of Finance House auto loans is that you can get a high finance amount of up to AED 250,000. 

Low Down Payment

The provider allows you to finance your car with a low down payment of 20%. 

Fast Loan Approvals

You can experience a quick and hassle-free application process with loan approvals done as quickly as within a day. 

Additional Benefits

With this loan, you can enjoy outstanding benefits such as a free-of-cost credit card, comprehensive insurance with attractive premiums, optional salary transfer requirements, and much more. 

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Eligibility Criteria for Finance House Car Loan

To get a car loan from Finance House, you must meet the following eligibility criteria —

Criteria Requirements
Age
  • Minimum — 21 years
  • Maximum — 60 years
Nationality UAE nationals and expats
Employment Status Salaried and self-employed
Minimum Salary (per month) AED 10,000 
Salary Transfer Optional

Finance House Auto Finance: Necessary Documents 

While applying for a Finance House car loan, keep the following documents ready:

☑️️ Valid UAE visa (for expats)

☑️️ Passport

☑️️ Driving licence copy

☑️Latest 3 months’ bank statements

☑️Current dated salary certificate

☑️️ Trade licence (for self-employed applicants)

✍️Note

  • All documents must be valid
  • Originals and copies of each document must be presented
  • Additional documents may be required at the bank’s discretion

How to Get a Car Loan in the UAE?

Applying for a car loan is easy with Paisabazaar.ae. By following the steps below, you can easily get the best options from the top banks and financial institutions in the UAE —

  • On the Paisabazaar.ae homepage, click on the ‘Car Loan’ button
  • Fill out the lead form by entering the required details, such as your name, income, and more
  • Compare the options available on the quotes page
  • Select one that fits your needs and budget
  • Apply for it

It’s done! One of our representatives will contact you shortly.

Frequently Asked Questions

Q1. Can I finance a used car at the Finance House in the UAE?

Yes, you can easily get both new and used cars with an auto loan from Finance House. In fact, the loan for used cars starts at an attractive interest rate of 8%.

Q2. Can I get a Finance House car loan without a salary transfer?

Yes, you can apply for a Finance House auto loan without any salary transfer.

Q3. What is the minimum age to apply for a Finance House car loan in the UAE?

You should be at least 21 years old to get a Finance House car loan in UAE.

Q4. What is the minimum and maximum amount of car loan I can acquire through Finance House?

The loan amount of the auto loans of Finance House ranges from AED 15,000 to AED 250,000.

Q5. How much minimum monthly salary do I need to apply for a Finance House car loan in the UAE?

You must have a monthly salary of AED 10,000 or more to apply for a Finance House car loan.

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