Do I have to have a full driving licence to apply for finance? No, you do not. You will need a full licence if you intend to drive the car on your own, however you do not need one to apply for car finance. You will need to provide some form of identification so you will need a provisional licence or passport.
Can I get car finance without a driving Licence in UAE?
To apply for a car loan in Dubai, you should meet the following conditions. You must be a national or expat resident of the country. You must be between 21 and 65 years of age. You have a valid driving license in the country.
What documents are required for financing?
Most of the documents can be submitted electronically.
- Loan application.
- Proof of identity.
- Employer and income verification.
- Proof of address.
- Credit score.
- Loan purpose.
- Monthly expenses.
- Learn more:
What is the requirement for car loan?
The Documentation Requirements
A copy of your PAN Card. A copy of a valid ID proof document featuring your name and date of birth (i.e. proof of age). The list of accepted documents includes PAN, Aadhaar, Passport, Driver’s License, Employee ID card, etc.
Can you get car finance without a license UK? – Related Questions
How can I get car finance in UAE?
Documents Required for Car Loan in Dubai
- Passport.
- Emirates ID.
- Salary certificate.
- Labour card.
- Driver’s license.
- Bank statements for the last 3 to 6 months.
- Insurance policy documents.
- Valuation certificate of vehicle.
How do I qualify for a car loan in Dubai?
Requirements for Getting a Car Loan in Dubai
- Original Emirates ID.
- Salary certificate/proof of income.
- Valid passport/visa.
- Driving license.
- 3-6 months of bank statements.
- Valuation certificate of the car.
- Insurance policy documents.
- Car’s registration.
How can I buy a car with no down payment in UAE?
How Can You Get a Zero Down Payment Car Loan in UAE?
- Credit Cards: Getting a credit card in UAE is quite easy if you have a good credit score coupled with a remarkable repayment history.
- Personal Loans: Personal loans are unsecured loans that don’t require any collateral for approval.
How can I get finance in Dubai?
Simple Documentation
- Copy of Passport (with residence visa for expatriates)
- Copy of Emirates ID.
- Salary and End of Service Benefit Transfer Letter/Certificate from the employer.
- Statement of Account for minimum 3 months in case of salary transfer to another bank (6 months for self employed professionals/ businessmen)
Can I get loan with my Emirates ID?
What documents do I need to get a loan? You need a valid Emirates ID, passport and documents for proof of income such as bank statements and pay slips/ a salary certificate. If we need additional documents we will let you know.
Can I get a loan with 3000 aed salary?
The DIB Al Islami Ijarah for expatriates provides a maximum loan amount of up to AED 1,000,000 against a minimum salary of AED 3000.
What is the minimum salary to get loan in UAE?
What are the basic eligibility criteria to get a Personal Loan? Minimum monthly salary requirement starting from AED 7,000 for approved companies & AED 10,000 for unapproved companies.
Can I get a loan with 2000 salary in UAE?
Eligibility Requirements for Personal Loan in UAE 2500 Salary. The applicant must be 21 years old at least. The minimum salary required is usually AED 3,000 and more. However, for the FAB Revolving Overdraft facility, the minimum salary required is AED 2,000.
Which bank gives loan for low salary?
Best Personal Loans for Individuals with Low Salaries
| Bank |
Interest Rate |
Minimum Monthly Income |
| Axis Bank |
12% – 21% p.a. |
Rs.15,000 |
| State Bank of India |
9.60% p.a. |
Rs.15,000 |
| HDFC Bank |
10.75% – 21.30% p.a. |
Rs.25,000 |
| HDB Financial Services |
Up to 36% p.a. |
Rs.15,000 for all locations and Rs.20,000 for metro cities |
Can I get a loan with 2500 salary in UAE?
Personal Loan for AED 2500 salary in UAE
It is highly unlikely for banks in UAE to offer loans with salary less than AED 3000. Some of the options you can try are FAB Lifeline – Revolving Overdraft.
Can I get loan on cash salary?
5 ways to apply for a Personal Loan if you receive your salary in cash. Several lenders now offer personal loans even if you don’t have a salary slip. Here are some other documents that you may furnish. A personal loan is a versatile resource that you can use for any purpose, be it personal or professional.
What is the minimum salary to get credit card in UAE?
But generally, the minimum salary required for a credit card is AED 5000. There are several banks providing credit cards in UAE for a minimum salary of AED 5000.
What is the minimum salary required for personal loan?
For salaried professionals, the minimum salary requirement set by most lenders is Rs. 15,000 or above. Note that individuals with a minimum salary of Rs 25,000 are preferred by lenders.
Can we get loan without salary slip?
Income certificates, ITR or form 16, and bank account statements are some of the most commonly accepted documents in place of a salary slip. Providing any of these documents can help you get an instant personal loan approval as per the bank’s timelines for the process.