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Our Auto Financing hire purchase plan offers you a flexible repayment plan, up to 80% financing, and attractive interest rate packages.

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Our Auto Financing hire purchase plan offers you a flexible repayment plan, up to 80% financing, and attractive interest rate packages.

Auto Financing

Get the car you deserve with an Auto Loan tailored just for you. It’s fast, convenient and hassle-free.

Loan Features

Wide Distribution Network

Our Auto Loan representatives are available at leading auto dealerships to offer you efficient on- the-spot service.

Fees and Charges

Processing Fee

1% of the finance amount (Min. AED 500 and Maximum AED 2,500)

Fees and charges are subject to change. All fees and charges listed are inclusive of 5% Value Added Tax (where applicable) effective 1 January 2018. Tax implications on above fees and charges may be subject to change.

Eligibility & Documents

Eligibility

  • Minimum age requirements are 18 years and six months for registration and 20 years and six months for cheque payers.

Documents Required

  • Passport & Visa copy
  • Emirates ID Card copy
  • Last 3 months personal bank statement
  • Employment letter Last Salary slip
  • Employer Letter
  • Vehicle quotation

FAQs

Disclaimer

Loans are issued at the sole discretion of the Bank and subject to the Bank’s approval criteria.

All fees and charges listed are inclusive of 5% Value Added Tax (where applicable) effective 1 January 2018. Customer will be required to pay VAT inclusive prices to Standard Chartered Bank. Tax implications on above fees and charges may be subject to change due to evolving nature of VAT regime in UAE.