Principal

The total cost of a vehicle including any fees that the lender or dealership may have for the car loan and any options or add-ons you choose.

Term

The total cost of a vehicle including any fees that the lender or dealership may have for the car loan and any options or add-ons you choose.

Interest Rates

The total cost of a vehicle including any fees that the lender or dealership may have for the car loan and any options or add-ons you choose.

When you get a car loan you are typically making payments back to a lender rather than to the dealership. That being said, some dealerships will offer in-house financing, which might allow a customer with bad credit to get an auto loan in instances where they otherwise would not have been able to. In this case the car loan is directly with the dealership or "in-house".

DuDrives®has partnered with over 35 of these dealers across U.A.E who offer special financing programs. Through our extensive network we can quickly match you with a local dealership in your area who can help secure financing for you, regardless of your credit history. Get started by completing our application in minutes and get approved in as little as a few hours.

What You Need

Typically you need to be at your current job for three or more months and make at least 3,000-5,000 AED/per month. Other forms of income, such as certain types of investment interest and property rents may also be accepted. You will also need your current dated original salary certificate as well as your Emirates ID and labor card.
It is necessary to have a valid copy of your driver's license and beat least 21 years of age. Lenders know that customers are more likely to pay back their car loan if they can legally drive.
You will need to provide your vehicle registration card, a copy of your insurance policy and a valuations certificate proving the value of the car.
The lender wants to be able to take the payment out of your bank account each month. The easiest way to do this is to get a void cheque or stamped pre-authorized payment form. Whether you are a salaried individual or are self-employed, you will need to provide 3-6 months of bank statements.
In order to complete your loan documents you must provide the lender with your current address.
Although a down payment isn't always necessary, it will often help. The less you have to finance, the more likely the lender will be to approve your car loan. Banks in the U.A.E only finance a maximum of 80% of the value of the car and require a 20% down payment in advance. The downpayment can either be paid to the bank or directly to the prior owner. Banks in the U.A.E typically finance a minimum of AED 20,000, which means the car you decide to purchase should have a minimum value of AED 25,000 to qualify for financing.