written by Mark FletcherMarch 14, 2025 Purchasing a new or used car in the UAE often requires financing, and understanding the key differences between new and used car loans can help you make an informed decision. While new car loans come with lower interest rates, higher loan amounts, and longer repayment tenures, used car financing may
written by Mark FletcherMarch 12, 2025 Since the introduction of VAT in the UAE, car buyers have faced higher car prices and increased car loan costs. Whether you’re purchasing a new or used car, financing with a car loan, or leasing a vehicle, it’s essential to understand how VAT affects car prices and loans. This guide
written by Mark FletcherMarch 10, 2025 When financing a car in the UAE, deciding between a short-term vs. long-term car loan is crucial. Short-term loans help you clear debt faster with lower interest costs, while long-term loans offer smaller monthly payments but higher total expenses. In this guide, we compare both options to help you choose
written by Mark FletcherMarch 2, 2025 Transferring a car loan in the UAE when selling your vehicle requires careful planning. Whether you’re settling the loan or transferring it to a new buyer, understanding the process is crucial. In this guide, we will explain how to transfer a car loan in the UAE, including the required steps,
written by Mark FletcherFebruary 25, 2025 Before applying for a car loan in the UAE, your debt-to-income (DTI) ratio plays a crucial role in approval chances. A high DTI can make it difficult to secure a loan with favorable terms, while a lower DTI improves your financial credibility. In this guide, we’ll explain what DTI is,
written by Mark FletcherFebruary 21, 2025 Wondering how to get pre-approved for a car loan in UAE? Getting pre-approved helps you understand your budget, interest rate, and repayment terms when buying a car. In this guide, we’ll walk you through each step—checking your credit score, gathering required documents, comparing lenders, and securing the best loan offer.
written by Mark FletcherFebruary 17, 2025 Applying for a car loan in UAE is a straightforward process if you know the right steps. With flexible repayment options, low interest rates, and various lenders offering competitive deals, securing the best auto financing can save you money. This guide walks you through the essential steps to apply for
written by Mark FletcherFebruary 13, 2025 If you’re planning to buy a car in the UAE, understanding how much you can borrow is essential. The UAE car loan limits depend on factors like your income, credit score, and the car’s value. The UAE Central Bank has regulations to ensure responsible borrowing, including the Loan-to-Value (LTV) ratio
written by Mark FletcherFebruary 9, 2025 When it comes to buying a car in the UAE, understanding auto financing options can be overwhelming, especially with the variety of loan types, interest rates, and eligibility requirements available. Whether you’re a first-time car buyer or someone looking to refinance your existing loan, having the right knowledge will ensure
written by Mark FletcherFebruary 5, 2025 The UAE is a global hub for financial innovation, and Islamic finance has become an integral part of its banking system. Islamic auto financing options are gaining popularity among consumers who seek Sharia-compliant solutions that align with their religious values. Unlike conventional car loans, Islamic financing adheres to Islamic principles,
