Auto finance with low profit rate and more benefits

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Low-Profit Rates

Flexible Payments

Hassle-free Process

Customer’s Prosperity

Bring home your dream car with Aafaq auto finance

Motor Takaful

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

Quick Processing

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

AED

AED 15,000

AED 1,000,000

%

3%

36%

3 months

60 months

Monthly Installment AED -
  • Application Eligibility
    • 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).
    Finance Amount & Tenure
    • Maximum AED 1,00,000 /-
    • Maximum tenure upto 5 years for individuals.
    • Down payment starting from 20%.
    Documents Required
    General
    • 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.
      Additionally for Self-employed applicants / Companies
      • 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 schedule of fees and charges

  • Applicable product terms, offer conditions available in  Key Fact Statement

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