UAE car loan rules
Under Central Bank Regulation 29/2011, a car loan can cover at most 80% of the vehicle's value, so you need at least 20% down. The maximum repayment period is 60 months, and car and personal loan repayments together must stay within 50% of your salary.
Flat rates on car loans
Dealers and banks usually advertise flat rates. A 2.49% flat rate over 5 years costs about the same as 4.7% on a reducing balance. Compare offers using the reducing rate shown in the result.
Also budget for insurance, registration and any bank processing fee, which are not included here.
Questions
What is the minimum down payment for a car in the UAE?
20% of the car price. Banks cannot lend more than 80% of the vehicle value.
What is the longest car loan I can get?
60 months (5 years).
Sources: CBUAE Rulebook: Article 3, car loan