Vehicle Loan in UAE offers a seamless and convenient car buying experience. We make it easy for you to bring home the car of your dreams with minimal hassle, including streamlined paperwork and hassle-free payments.

What are the Documents Required for acquiring Vehicle Finance in UAE?

The documents required for acquiring Vehicle Finance are as follows- Documents Required for Acquiring Vehicle Finance in UAE

Income Evidence

You are required to submit your salary certificate or any documented evidence to show your income.

Bank Statement

You need to submit bank statements for three months for your salary account as well.

Identity Proof

You are required to submit copy of valid passport with a valid UAE Residence Visa. The latter is only applicable for emigrates itself (You also have to show your original documents for verification).

Post-dated cheques

You need to submit a post-dated cheque if it is applicable

Security Cheque

You need to submit a cheques as security for your loan

Documents from dealers

You need to obtain a quotation or pro-forma invoice from the dealer for acquiring loan for new vehicles.

Driving License

You need to submit a copy of your driver’s license. (Only in cases where it is asked for) If you want to take loan for used cars, then following documents are required to avail the loan- A valuation certificate issued by an approved dealer

An ownership title

A quotation or offer to sell the vehicle to the bank from the current vehicle owner. If you want to take loan for car and you are a company then the following documents are required

• You need to submit your Trade License
• You have to submit the Bank Statement for 3 months of the company
• You have to submit a list of authorized signatories on behalf of the company (wherever it is applicable)
• Memorandum of Association

What are the method in which one can repay the finance?

One can repay the finance using the following prescribed methods:

• Online banking,
• Mobile banking and
• Phone banking.