*Amount and interest rate may vary subject to customer profile
75% of our customers opt for CARS24 finance
Our lending partners
Loan Process
Select a car you wish to purchase
Once your test drive is completed pay token amount to reserve that car.
1
Upload Documents
Share the documents requested by the bank to submit your loan application.
2
Receive daily updates on loan application
Our Finance team will work with your preferred bank to fast-track approval.
3
How to get zero downpayment?
70% of our customers get approved for zero downpayment financing on used cars.
You can use your existing/apply for a new EIB credit card for DP assistance.
You can go through Commercial Bank of Dubai to finance your entire car amount.
Our Finance team will share further details and options.
Document Required To Process Your Car Loan
General documents
Passport
Emirates ID
Visa
Consent Form 1 & 2 (AECB Form)
For self-employed customers
Trade licence
EMoA (Memorandum of Association)
VPoA (Power of Attorney) for Authorised Signatory
VAT Certificate
6 month bank statement
For salaried customers
3 months bank statement
3 months payslip
Salary certificate
Your data is 100% safe with us
Our Happy Customers
10,000+
Loans Approved
99%
Happy Customers
4.5
Google Rating
M
Mario Squillacioti
What a fantastic overall experience! CARS24 makes the process of finding, test-driving and buying a car EASY. The finance team made it super simple. Give them what they ask for and stand back!
They deliver your car to you, to test drive and to keep when you buy it. They coordinate where to bring it and when.Then they review all the documentation and hand you your keys… with a smile! A great experience … I’ll be back for more soon!
19 Feb, 2023
M
Maria Michallo Amalraja
The Relationship Manager from CARS24 supported us very well,right from the start until we got the car from them. Guys in the Jebel Ali yard are also very helpful for us to select our car of interest. Totally we are very much satisfied with their consistent service level from day 1 until our car loan gets sanctioned from the bank.
Thank You CARS24 for your presence in UAE. Please continue this your good service level always...
25 Jan, 2023
S
Shiju Thomas
Booked a car from CARS24, as they promised, and the car arrived on time for a test drive at my place. Their knowledge and experience helped me to cover all things in my limited time. After that my relationship manager took the role of processing and documentation. He gave all assistance from obtaining the loan from the bank to final delivery.
Thanks for the best service from CARS24. Hope for the best after-sales service. Click it. Drive it. Love it
22 Dec, 2022
M
Maaz Qureshi
Very smooth experience! From test drive to car delivery, everything was hassle-free. The relationship manager was very supportive throughout the process, and although my loan approval from the bank took a little bit more time they expedited the process so that I get it asap. If you are looking for a car than cars 24 is your best bet and if still you are not satisfied then you can ask for a full refund within 7 days.
What else can one ask for? Very happy customer. Thanks to the entire team.
10 Dec, 2022
M
Muhammad Saqib
Really great experience car buying from CARS24. A test drive at my location was really helpful. The team was very cooperative and took the time to explain everything.
I ended up buying the car which got delivered to my house all clean and shiny. My relationship manager was really helpful in car financing through bank, insurance and then registration as well. He kept me updated all through the process. I couldn't be happier.
12 Nov, 2022
S
Syed Haider
Got my car at MRL. From the test drive arrangement at my doorstep and at MRL, everything was explained so well to me. My RM took care of the rest very proactively and kept me informed about everything. There were no delays or misinformation. The in-house team for loan processing was also very very cooperative and humble.
All in all, it was a wonderful experience and they take customers with open arms. Their staff is very polite and values customers. 5 stars from me. Keep up the good work cars24.
27 Dec, 2022
FREQUENTLY ASKED QUESTIONS FOR USED CARS IN
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Who is eligible for 0 Downpayment?
Everyone who is eligible for a loan is also eligible for a Zero downpayment. Once you apply for a loan, the bank will assess your eligibility basis your monthly income, DBR and other factors, and finance upto 80% of the total vehicle cost.
Will I get loan if I already have a running loan?
Yes. You can still apply for a loan if you already have a running loan. However, in this case, the maximum monthly EMI you can avail will change depending on the running loan monthly EMI. You can check your eligibility in our calculator section above.
Can I get loan on someone else's name?
Yes. If unfortunately, you do not meet the requirements for the loan, an immediate family member can apply for a loan for your car.
What is interest rate for the loan?
Interest rate is a rate that the bank charges on the loan availed by the customer, and is calculated on the full original loan amount for the whole term without taking into consideration the periodic payments. In other words, interest is charged on the full amount of the loan throughout its loan tenure.
The interest rates are different for auto loans and personal loans and may vary from month to month. Your Relationship Manager will help you with the applicable interest rates based on your profile and choice of bank.
What is the minimum salary requirement for loan?
The minimum salary requirement for a loan depends on the individual banks. Generally, it varies from AED 3000-6000 per month depending on if you are salaried/self-employed, and a banking/non-banking customer with the bank etc.
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