Bring home your dream car with Aafaq auto finance
Enjoy a low contribution and high coverage Motor Takaful protection with Aafaq Auto Finance
Freedom of choice
Unlimited choices between new, used vehicles, business vehicles, or fleets with attractive profit rates
Our simple process leads to faster turnaround times on your auto finance application, we have simplified it from start to finish so you can grab your car keys and hit the journey
Calculate your monthly installments
- Age 21 to 65 years old
- Length of Employment for Salaried: 6 months (minimum).
- Length of business for Self-Employed: 2 years (minimum).
- Length of business for Companies: 2 years (minimum).
- Maximum AED 1,00,000 /-
- Maximum tenure upto 5 years for individuals.
- Down payment starting from 20%.
- Original Passport and valid emirates ID.
- Original Labour Card.
- Original Kulasat Qaid (For UAE Nationals).
- Filled financing application form.
- Vehicle Quotation/ Invoice.
- Latest 6 months personal bank statements.
- Processing / Arrangement fees.
- Liability Letter if applicable.
- Post-dated cheques from Salary Account / Personal Bank Account.
- Undated cheque for total Murabaha amount. Additionally for Salaried applicants
- Salary certificate (UAE Nationals & Residents) stating position, length of service, basic salary and other allowances.
- Trade License.
- Chamber of Commerce Registration.
- Company Bank statement for the past 3 months.
- Copy of Bank Facility Letter/s (if applicable, i.e. if enjoying any credit facilities from other banks).
- Memorandum of Association/Power of Attorney (as applicable)
Please click here for more details on all other applicable fees and charges. Fees and charges are subject to change.
All charges related to auto finance products are available in the Aafaq schedule of charges at the Aafaq website. These charges are subject to changes which will be notified through the proper channels to the customers. Please click here for other charges that may apply during the tenor of your relationship with the finance company.