Buying a family car made simple
Car Loan from SimplyLife

Car Loan

Your family deserves the best, and so do you. Start enjoying long weekend drives with the kids. Make your weekday commute safer. With our Car Loan, you can now upgrade to a bigger and more comfortable car.

We offer competitive rates and simple terms. We'll even help you with insurance finance. What's more, whenever you make an enquiry, we will get back to you within 24 hours.


  • Choose from a wide range of car loans, including for used cars, fleet and rent-a-car finance
  • Enjoy finance of up to 80% of the car value
  • Borrow up to AED 1,500,000
  • Repay in up to 60 months
  • Avail of assistance with insurance finance
  • Business owners can finance fleet deals and car rentals

Documents Required

  • Application Form
  • Passport copy
  • Labour Card / Govt issued ID card copy
  • Emirates ID card copy
  • Salary Certificate/ Salary Assignment /Transfer letter (as applicable)
  • 3/6 months bank statement (Business and/or Personal)
  • Trade License, MOA, POA as applicable for self employed
  • Balance sheet and P & L as applicable for self employed
  • Driving License copy for individual registration
  • Vehicle Registration card

Fees & Charges

Interest rate As low as 18% (based on reducing balance)
  • Salaried: 1% of the loan amount (maximum of AED 2500)
  • Self-Employed: 1% of the loan amount
Insurance 1% of the loan amount


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Who is eligible for a car loan? 

All salaried and self-employed nationals/expatriates who are legal residents of the UAE

What are the age limits for applying for a car loan? 

For salaried customers
Minimum age: 21 years
Maximum age: 60 years on maturity of the loan for expatriates and 65 years for UAE nationals

For self-employed customers
Minimum age: 21 years
Maximum age: 65 years on maturity of loan.

What is the maximum amount I can borrow? 

For salaried customers, the maximum borrowing amount is up to AED 500,000. You may have to make a down payment depending on the car model and/or your employment/business status.

What is the minimum loan amount? 

The minimum loan amount is AED 15000.

What are the interest rates? 

Our interest rates are calculated based on reducing balance.

Is there any security required to avail the loan? 

Your vehicle will be mortgaged to the bank during the period of the loan.

What is the maximum repayment tenor? 

We offer maximum flexibility for your convenience. Repayment tenors start from 12 months and can be extended up to 60 months.

What is the minimum salary/income required to qualify for a Car Loan? 

For salaried customers: a minimum monthly income of AED 5000

For self-employed customers: the minimum monthly average turnover should be AED 250,000, averaged over a 3-month period.

What documents do I need to apply? 

Documents: Salaried Self-employed Companies
Application form Y Y Y
Valid Passport with residence visa page for Expatriates Y Y Y
Salary Certificate (Issued in last 30 days) Y NA NA
Driving License copy Y Y NA
Trade License copy NA Y Y
Power of attorney (POA) In case of LLC- memorandum of association (MOA) or article of association, partnership agreement. NA Y Y
Latest 3 months bank statement Y Y Y
Ownership Document & Evaluation certificate for used cars purchased from a non-approved dealership or individual Y Y Y

How do I know when my loan is approved? 

Our Sales officer will inform you about the status of the loan. An approval letter or Local Purchase Order (LPO) will be sent to the dealer or seller. Once the LPO is issued, you need to complete the formalities within 30 days of issuance. The validity of approval or LPO 30 days post registration for Disbursal is 20 days from date of the registration of the vehicle.

Is it possible to postpone loan instalment payments? 

You can apply for postponement of your instalment if your account is currently active and you have paid a minimum of 12 installments. Other eligibility criteria may also apply.

How do I apply? 

You can apply for a car loan in three ways:

  • Click here to use the online application form
  • Call us on 600 545 545
  • SMS ‘simply’ to 2636 and we will get in touch with you

Terms and Condition Apply

Click here for Terms and Condition applicable to Car loans

Click here for Fair Usage Policy on Product Returns

All financing and credit facilities are made available at the sole discretion of ADCB and is subject to ADCB's terms and conditions and submission of acceptable documentation.

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