![]() ![]() Do check with a few banks to see if you fulfil the requirements. The minimum salary requirement varies from bank to bank but generally ranges from AED 3,000 to AED 5,000. Minimum Salary and AgeĪ borrower needs to be 21 years old to apply for a loan in Dubai. The bank may also require a reference from a friend or family member.Īlso, it is important to register a used car in Dubai or renew it if needed. If your driving license is invalid, then you need to apply for a UAE driver’s license to become eligible for car financing.Īlso, expats are also required to provide a home address in their home country no matter how long they have been living in the UAE. Here is the list of the following documents that are required to get a car loan in Dubai:Įxpats who are interested in applying for a loan should cross-check the validity of their home country’s driving license in the UAE. ![]() Many banks in the emirate have different criteria for approving a car loan in Dubai. Requirements for Getting a Car Loan in Dubai Before you apply for a car loan in Dubai, make sure all the documents are valid and readyįollowing are some important requirements that need to be considered when buying a car in Dubai: Documents Required This guide will explain how to get a car loan in Dubai, what documents are required to get a used car loan in Dubai, and the rules and regulations related to these loans. Whether you want to buy a brand new car or looking to finance a used one, it is essential to pick a bank wisely. However, it is crucial to understand the requirements and paperwork before you plan to get a car loan in Dubai.Ī car loan is one of the most popular modes of payment opts by many buyers in Dubai. Buying your own car in Dubai is possible for most people, mostly due to the easy availability of car loans and financing options.
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