Car Loan in UAE from Dealership or Bank - Know which car loan option is better for you from dealership and Bank. And also know the financing process of both with advantages and disadvantages.
Get Car loan at Lowest Interest Rate
To own assets such as a car or home can require a major portion of your income or savings, and may still exceed them in some cases. With a car loan in UAE, however, you won’t have to face such a situation. Numerous banks and loan providers in the country offer financing solutions that make our money management easier and more flexible.
Although multiple banks provide auto loans in UAE, it is crucial to understand which product is suitable for you as per their features. In this article, we will specifically discuss car loans in UAE without salary transfers for those of you who wish to avail of the loans without transferring your salaries to the provider.
Without further ado, let’s take a look at the leading financial institutions that offer a car loan in UAE without salary transfer –
HSBC is one of the largest financial and banking service organisations globally. It serves almost 40 million customers in 63 countries and territories, including the UAE. As a resident of the UAE, you can avail of a car loan with HSBC and enjoy various benefits offered by the financial institution.
Key Features and Benefits of the HSBC car loan in the UAE without salary transfer –
Documents Required for HSBC Car Loan
|For Salary Employee||For Self Employed|
|Emirates ID||A copy of your passport|
|A copy of your passport||Previous 6 months’ personal or business bank statements|
|A copy of your driving licence||Audited financials for the previous 2 years|
|Valid proof of income such as a salary certificate||Trade licence|
|Previous 3 months’ bank statements||Memorandum/Articles of association|
RAKBANK is a Public Joint Stock company and is among one of the oldest and most dynamic UAE-based financial institutions. With a shift from corporate banking to business and personal banking, the bank now offers numerous financial services to its customers.
Key Features and Benefits of the RAKBANK car loan in the UAE without salary transfer –
Documents Required for RAKBANK Car Loan