Electric Vehicle Finance

• Evolve Auto Finance sales process is an Environmental-friendly. It is a paperless process so no applications, contracts or security cheques will be printed while processing Evolve Auto Finance.
• Evolve Auto Finance is all about rewarding the customers who chose to finance an Electric Vehicle over a conventional petrol car with great benefits.
• You as a Customer are in control of the entire Journey and Delivery process where no sales person will be required in the delivery process.

Apply for instalment postponement via DIB alt phone banking, applicable for customers who transfer their salary to DIB. Click here for FAQs.

• Profit rate* starting from 1.89% per annum**
• Fast, paperless processing

Profit rate (flat) starts from 1.89% per annum to 2.80% per annum* for New vehicles and for Used Vehicles from 2.15 % per annum to 3.50 % per annum**
*(3.46% per annum to 5.12% per annum reducing based on Customer’s salary, segment and nationality)
**(3.93% per annum to 6.41% per annum reducing based on Customer’s salary, segment and nationality)

• Minimum salary AED 8,000
• Salary transfer not required
• Available for new and pre-owned cars
• Tenure of up to 60 months
• Finance Amount up to AED 1.5 million - for individual customers and up to AED 8 million for Businesses/Commercial

An Electric Vehicle (EV) is essentially an automatic vehicle with an electric motor powering it. A fully Electric Vehicle does not run on or have a petrol or diesel engine. Electric Vehicles (EVs) have a battery instead of a gasoline tank, and an electric motor instead of an internal combustion engine. The Electric Vehicle has one moving part, the motor, whereas the gasoline-powered vehicle has hundreds of moving parts.

Click here to learn more about Electric Vehicles

Battery Electric Vehicles (BEVs)

Powered solely by an electric battery, with no gas engine parts. Most EVs are capable of fast charging and L2 charging. They have Zero emissions. EVs don’t run on gasoline or use internal combustion engines. Instead, Electric Vehicles run solely on battery power. Drivers can charge them at home using Level 1 and Level 2 EV chargers, and at commercial charging stations with Level 3 chargers.

Better for our planet

One of the biggest advantages of driving an EV is the immense impact on our planet. EVs don’t emit exhaust gases which cause air pollution.

Low Maintenance

EVs have generally a very low maintenance compared to gas powered car. So, there is no annual maintenance charges.