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Why get loan from CARS24?

Zero downpayment

Dedicated finance team

Auto Loan Estimate Calculator

Monthly Income

AED0
AED 1,000AED 50,000

Current EMIs ( Existing loans )

AED0
AED 0AED 25,000

Total Card Limit ( All cards )

AED0
AED 0AED 50,000
AED 0Max EMI

Interest rate*

Loan Tenture

Calculated @0%

Upto 0 years

*Amount and interest rate may vary subject to customer profile

75% of our customers opt for CARS24 finance

Our lending partners

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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.

Documents Required

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
FREQUENTLY ASKED QUESTIONS FOR USED CARS IN DUBAIView More

Who is eligible for 0 Downpayment?arrow

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?arrow

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?arrow

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?arrow

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?arrow

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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