2.89% (salaried) to 3.55% (business)
 flat rate p.a.

Interest rates* starting from

Purchase your eco-friendly vehicle with RAKBANK Green Auto Loan. Take advantage of special terms to drive greener and reduce your environmental impact.

Green Auto Loans To Buy Electric Or Hybrid Cars | RAKBANK UAE

Green Auto Loan

Drive your new electric or hybrid car with a Green Auto Loan


Green Auto Loan - With Salary Transfer

Fees

Green Auto Loan - Fully-Equipped Loan

Loan Features

If you prefer working towards a greener planet, you can now pick your favourite ride from a variety of electric and hybrid vehicles, available from any of the dealerships in UAE.

A greener loan for those who care

Green Auto Loan - FAQ's

Quick processing 

<ul>
<li>The Bank may amend the features, fees, charges, terms and conditions of the Loan with 60 days' notice to you in advance.</li>
<li>The Bank may amend the interest rates for the Loan with 30 days&rsquo; notice to you in advance.</li>
</ul>

Green Auto Loan - Terms and Conditions 

<ul>
<li>Only two deferrals are allowed in a year, one month at a time, subject to a minimum of six instalments repaid since the loan or last deferral was availed.</li>
<li>Instalment deferral cannot be given if payments are irregular, or if there are four cheques / Direct Debit System (DDS) returns in the last 12 months, or if the request does not meet the Bank&rsquo;s internal risk policy requirements.</li>
<li>If you fail to make any payment due under the Loan or otherwise breach our terms, you will lose the vehicle mortgaged to the Bank as a result of the mortgage enforcement proceedings that we may take.</li>
</ul>

Green Auto Loan - Risks and Limitations 

Green Auto Loan - feature card container

Green Auto Loan - Terms and Conditions Notification

Important Information

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Green Auto Loan - Hero Item

*Minimum AED 500 and maximum AED 2,500

Green Auto Loan - Fees

Use our branch and ATM machine locator to find the nearest RAKBANK facility to you within the Middle East, in just a few clicks. Timings are available too.


RAKBANK Branches And ATM Machines Near Me In UAE

Branches & ATMs

Segment - Personal

Call Me Back Option - Personal/Business start 3000

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Salary Advance - How can I apply for a loan instalment waiver/postpone/deferral?

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Salary Advance - How can I apply for a liability and/or no-liability certificate?

AED 50,000-above

Conventional

Earn Emirates Skywards Miles with every deposit into your RAKBANK Emirates Skywards Savings Account. Save money and travel more!

RAKBANK Emirates Skywards Savings Account With Skywards Miles | RAKBANK UAE

RAKBANK Emirates Skywards Savings Account

More rewards for Emirates Skywards members

Salary Advance - How can I apply for a loan?

Customer Obligations
<ul dir="ltr">
<li>Pay all instalments and other amounts due on the due dates without delay.</li>
<li>Review all other terms and conditions set out in the application form in detail.</li>
<li>Regularly check our website (www.rakbank.ae) for updates.</li>
<li>Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form.</li>
<li>Notify the Bank in writing if you wish to prepay your Loan prior to its maturity.</li>
</ul>
 Warnings
<ul>
<li>If you pay off the Loan prior to the due date, you will pay prepayment charges at the rates described in the Service and Price Guide.</li>
<li>If you are late in payment or fail to make a payment on the due date, you will pay default interest at the rates described in the Service and Price Guide.</li>
<li>If you fail to make a payment or otherwise breach the Loan terms, this will be a default and the Bank will be entitled, among other things, to:</li>
</ul>
(a) Cancel the Loan and demand full repayment immediately.
(b) Report the default to the appropriate regulatory authorities and credit rating agencies, which will affect your credit rating.
(c) Bring legal proceedings against you and repossess the mortgaged vehicle.

Green Auto Loan - Terms And Conditions

Terms and Conditions

Green Auto Loan - Global Tabbed Box

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Green Auto Loan - Discount On Auto Insurance

We understand how important security is. That’s why with our Green Auto Loan, you’ll be taking advantage of generous discounts on Auto Insurance, so you can give yourself peace of mind knowing that you're covered when on the road.


Discount on Auto Insurance

Easy documentation

Salary Advance - How can I view my loan repayment schedule/loan statement?

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FAQs

Green Auto Loan - Hero Small

AED 20,000-49,999

Discover the World Credit Card

Discover the RAKBANK World Credit Card that offers unparalleled benefits including cashback, travel rewards, and exclusive lifestyle privileges.

World Credit Card With Cashback & Travel Benefits | RAKBANK UAE

World Credit Card

Green Auto Loan - Flexible Repayment Options

We understand that everyone has different needs when it comes to financing. That’s why we offer flexible repayment periods of up to 60 months, meaning you can choose an option that works best with your budget and lifestyle. 

Flexible repayment options

Green Auto Loan - Upgrade your experience

Upgrade your experience

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Green Auto Loan - Help Card

Rates as low as 2.79% p.a. up to 3.65% p.a. (flat)

Rates as low as 2.45% p.a. up to 3.45% (flat)

Green Auto Loan- Processing Fees

Exclusive discounts on insurance rates

FAQ Accordion Items

Not sure about something? Check our frequently asked questions to find what you’re looking for.

FAQ’s Help Card

Features & Benefits

Loan

Green Auto Loan - Minimal Formalities, Maximum Speed

Cut the queue and get to the roads fast. The Green Auto Loan ensures minimum formalities and flexible repayment periods that will put you in the driver’s seat quickly and conveniently.       

Minimal formalities

Salary Advance - How can I apply for a loan top-up?

Requirements:
<ul>
<li style="font-weight: 400;" aria-level="1">Salaried individuals, pensioners, banking or non-banking customers, with or without salary transfer to the bank and self-employed individuals with a valid UAE visa</li>
<li style="font-weight: 400;" aria-level="1">Business entities in the UAE (at least 1 year in business)</li>
<li style="font-weight: 400;" aria-level="1">Electric or hybrid vehicles and must be purchased from a dealership based within UAE.</li>
</ul>

Green Auto Loan - Eligibility

Eligibility

Green Auto Loan - We’re here to help

Key Fact Statement 

Terms and Conditions 

Green Auto Loan - Relevant links

Green Auto Loan - Terms and Conditions

<ol>
<li>Your Emirates ID</li>
<li>Your Passport with valid residency visa</li>
<li>Any of the following proof of income</li>
</ol>
<ul>
<li>Salary Certificate</li>
<li>Bank Statements</li>
<li>Payslips</li>
<li>Labour Contract</li>
</ul>

Visit A Branch

A specialist will be able to assist you with the process

Visit a branch

ELIGIBILITY & FEES

You’re closer to your ideal loan than you think

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Download the RAKBANK App!

Discover the RAKBANK App and enjoy cutting-edge Digital Banking services at your fingertips. Seamlessly manage your accounts, conduct secure transactions, and enjoy a range of innovative features – all in one user-friendly platform.