Mustang GT 5.0L (486 HP) Convertible M/T Car Loan Calculator in UAE

Typically, you need to be at least 21 years old, have a stable income, and provide documentation such as your Emirates ID, salary certificate, and bank statements.

Taking a car loan can impact your credit score positively if you make timely payments. However, late payments or defaulting can hurt your credit score.

Consider the interest rate, loan term, monthly payments, and any additional fees or insurance that may be required.

Typically, banks in the UAE offer a loan-to-value ratio of up to 80% for new cars, meaning you would need to pay at least 20% as a down payment.

You will generally need to provide your Emirates ID, a salary certificate, proof of residence, and bank statements for the last three months.