car insurance
Car Loans

Get behind the wheel faster with us

Enjoy great benefits too

Special rates

On car insurance

Free Current Account

No minimum balance

Free for life Credit Card

And much more

Buying a car has never been easier

Mashreq offers car loans at competitive terms that come with a range of value-added benefits. With an approval process that's simple and easy, buying a car has never been easier.
car loan

Are you ready to apply?

Benefits

Competitive interest rates
Enjoy attractive interest rates starting at 3.45% p.a. flat
Excellent loan amounts
You can secure high loan amounts of up to AED 500,000 to get your dream car.
Flexible Repayment Options
Enjoy 12-60 months repayment periods on new and used cars.

Paperwork for salaried

Application form
Valid Passport with residence visa page for expatriates
Valid Emirates ID
Driving License
Latest 3 months bank statement (Mashreq a/c not required)
Salary certificate/ salary transfer letter(issues within the last 30 days)
computer checlist

Paperwork for self-employed

Application form
Valid passport with residence visa page for expatriates
Valid Emirates ID
Driving License
Trade license copy
Power of attorney (POA), in case of LLC – Memorandum of Association (MOA) or Article of Association, Partnership agreement
Latest 3 months bank statement (Mashreq a/c not required)
paper-work

Transparency

Terms & Conditions
To find out more about the Terms & Conditions of Mashreq Car Loans, click here

General questions

A car loan is essentially a personal loan, with the car mortgaged to the Bank
You can borrow up to AED 500,000 with us, depending on your individual circumstances
Our interest rates start at 3.45% p.a. flat *which is an extremely competitive rate in the UAE. All rates are based on a reducing balance basis. Equivalent reducing rate 6.31% on 1-year loan tenor

The documentation listed in your relevant category is what you'll need in order to get your loan:

For Salaried
  • Application form
  • Valid Passport with residence visa page for Expatriates
  • Valid Emirates ID
  • Driving Licence
  • Salary Certificate / Salary Transfer letter (Issued in last 30 days)
  • Latest 3 months Bank Statement (Mashreq account not required)
For Self Employed
  • Application form
  • Valid Passport with residence visa page for Expatriates
  • Valid Emirates ID
  • Driving Licence
  • Trade license copy
  • Power of attorney (POA), in case of LLC – Memorandum of Association (MOA) or Article of Association, Partnership agreement
  • Latest 3 months Bank Statement (Mashreq account not required)
  • Click apply now
  • Select your Emirate
  • Select your local branch
  • Type in your name, email, company name and monthly salary
  • Type in your mobile number
  • Click ‘Submit’
  • Once you’ve successfully registered, a Mashreq expert will call you within 24 hours.  Contact us on +971 4 4244444 for more details.

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