Emirates Islamic Bank Car Loan Calculator helps calculate your monthly EMI for your car loan. Check your car loan EMI amount, Interest Rate, and tenure with the help of the EIB car loan EMI calculator.
Compare and get the best loan
A car loan in UAE is easily available for both nationals and ex-pats, with several financial institutions across the country offering car loans to their users. As buying a car with only savings can be expensive, a large number of individuals take an auto loan in the UAE to purchase a car of their choice.
The Abu Dhabi Commercial Bank is among the most eminent institution in UAE providing car loans to customers with a flexible and hassle-free service. The bank is known for providing excellent loan options in easy and affordable installments. Nevertheless, it is crucial to first assess the applicable monthly installment when purchasing a car with an ADCB car loan.
To simplify the process for users, the bank provides an ADCB car loan calculator that helps in evaluating the exact monthly installment for the same. By going through this article, we will find out all the essential details regarding the ADCB car loan and the methods to determine the monthly installment for the same.
The entire loan application and approval processes are quite easy and hassle-free with the ADCB bank. By ensuring the availability of all the relevant information and specified documents, you can further simplify the process for yourself.
You can make an informed decision when taking a car loan with the help of the ADCB car loan calculator. Instead of jotting down the formulae on paper, you can simply provide the specified information about your car loan to successfully check your monthly installment using an ADCB car loan EMI calculator. For any further queries regarding the same, you can reach out to us at policybazaar.ae.
Before proceeding further, here are a few important details that you must be aware of regarding the monthly installment amount of an ADCB car loan.
This section will highlight the major features of a car loan from the Abu Dhabi Commercial Bank-
Primarily, there are three components that influence the ADCB car loan monthly instalment amount -
Most banks provide a tool to calculate your EMI amount for a car loan in UAE. Using the ADCB car loan calculator, you can quickly analyse the amount that you need to pay as monthly installments without undertaking complex calculations.
To calculate your monthly EMI payments, you will be required to provide data like the price of the car, the applicable interest rate, loan amount tenure, loan amount, and more. Once you enter this data, the calculator will display the applicable monthly installment payment as well as the total interest amount on your loan.
When you apply for a car loan, you should accurately estimate the monthly installment amount using the car loan calculator. This step is necessary to analyse your potential to pay off the loan amount without any trouble. Described below are some tips that should be considered while choosing the car loan EMI -
If you wish to close your loan before the specified period, you have the option to do so with your ADCB car loan. However, it should be remembered that the bank will charge an additional fee in such a case in the form of an early settlement fee.
The following are the benefits of an ADCB car loan -
To calculate your car loan with the help of the ADCB car loan calculator, you will need to provide details like the rate of interest, car price, duration of the loan, car loan amount, and more. The calculator will then show the estimated monthly instalment, total interest amount, and other details related to the loan.
The flat rate for a car loan in ADCB begins at 1.99%. However, the applicable interest rate depends on your loan amount, credit history, credit score, and several other factors.
Yes, an ADCB car loan calculator is quite beneficial in terms of showing appropriate results in a swift manner. However, as the actual terms and conditions of the loan will be decided by the bank, the actual amount and other loan terms must be verified with the bank first.