ProviderMashreq
Mashreq Auto Finance
Eligibility unknownShariah-compliantCar 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 20,000.001 source
|
|---|---|
| Maximum amount | AED 250,000.001 source
|
| Rate type | Reducing balanceNo evidence recorded |
| Interest rate (APR) | —No evidence recorded |
| Profit rate | 2.92% p.a.1 source
|
| Processing fee | 1.00% flat1 source
|
| Processing fee cap | AED 2,625.00No evidence recorded |
| Early settlement fee | 1.05% 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 | 10 yearsNo evidence recorded |
| Balloon payment available | NoNo evidence recorded |
| Shariah compliance | |
| Shariah structure | Tawarruq1 source
|
| Profit rate basis | Reducing balanceNo evidence recorded |
| Shariah board reference | MASHREQ-SSB-2026-0311 source
|
| Eligibility | |
| Minimum monthly income | AED 6,500.00No evidence recorded |
| Minimum age | 23 yearsNo evidence recorded |
| Maximum age at maturity | 60 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
|