Car loans make it possible for you to purchase your dream car without spending all your savings. Car loans work like a regular loan wherein the bank/financial institution will grant the borrower a certain amount of money required to purchase the car and the borrower will the loan back in instalments over a certain period of time. Every car loan differs from the other and each car loan has its own features. Some banks only grant a certain amount of the money required to purchase a car, the customer has to pay the rest of the amount as down payment for the car. But some banks offer car loans wherein the bank will grant the entire loan amount required to purchase the car.
Car Loans in UAE without down payment
Banks in UAE offer car loans with a wide range of features and benefits. The features of the car loans depends on the banks offering the loan. Some banks offer car loans that require the customer to pay a certain amount as a down payment for the purchase of the car. But banks in UAE also offer car loans without down payment. The advantage of car loans with down payment is that there will be lesser to repay since the loan amount borrowed would have reduced.
Top Car Loans in UAE without down payment
Listed below are some of the top car loans without down payment offered in UAE.
- Dunia Finance Car Cash-in - Dunia Finance Car Cash-in is a car loan that enables the customer to avail loans of higher amount with no hassles. The customer doesn’t have to pay any down payment for the loan and the customer can also enjoy paying the loan in a flexible payment term of 60 months. The loan processing and documentation is quite simple and hassle free.
- ADIB Car Finance- Ijarah - ADIB car finance Ijarah offered by ADIB offers complete Takaful cover for the car along with extended warranty. There is no traffic registration fee charged on the car loan.