ProviderMashreq
Mashreq Used Car Loan
Eligibility unknownCar LoansFinance for new and used vehicles with quick approval.
Last verified Nov 11, 2026, 3:01 PM2 sources behind these figures
Terms and conditions
| Pricing | |
| Minimum amount | AED 10,000.001 source
|
|---|---|
| Maximum amount | AED 2,000,000.001 source
|
| Rate type | Reducing balanceNo evidence recorded |
| Interest rate (APR) | 4.48% p.a.1 source
|
| Profit rate | —No evidence recorded |
| Processing fee | 1.05% flat1 source
|
| Processing fee cap | AED 1,500.00No evidence recorded |
| Early settlement fee | 1.00% flat1 source
|
| Maximum loan-to-value | 80.00% flat1 source
|
| Terms | |
| Salary transfer required | No1 source
|
| Processing time | 5 daysNo evidence recorded |
| Maximum vehicle age | 7 yearsNo evidence recorded |
| Balloon payment available | NoNo evidence recorded |
| Shariah compliance | |
| Shariah structure | —No evidence recorded |
| Profit rate basis | —No evidence recorded |
| Shariah board reference | —No evidence recorded |
| Eligibility | |
| Minimum monthly income | AED 5,500.00No evidence recorded |
| Minimum age | 23 yearsNo evidence recorded |
| Maximum age at maturity | 65 yearsNo evidence recorded |
| Residency eligibility | Residents and UAE nationalsNo evidence recorded |
| Eligible employer types | Private sector, GovernmentNo evidence recorded |
| Minimum tenure | 12 monthsNo evidence recorded |
| Maximum tenure | 60 months1 source
|