What are the requirements for obtaining a car loan for a Volkswagen Jetta 2014 S in the UAE?

You typically need to provide proof of income, a valid UAE residency visa, and a good credit score. Some banks may also require a down payment.

How does a car loan affect my credit score in the UAE?

Taking out a car loan can initially lower your credit score due to the hard inquiry, but timely payments can improve it over time.

Interest rates can be affected by your credit score, the amount of down payment, the loan term, and the bank's current policies.

The typical loan tenure ranges from 1 to 5 years, with some banks offering longer terms depending on the vehicle and borrower’s profile.

You will generally need your Emirates ID, salary certificate, bank statements, and proof of residence, among other documents.

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You typically need to provide proof of income, a valid UAE residency visa, and a good credit score. Some banks may also require a down payment.
Taking out a car loan can initially lower your credit score due to the hard inquiry, but timely payments can improve it over time.
Interest rates can be affected by your credit score, the amount of down payment, the loan term, and the bank's current policies.
The typical loan tenure ranges from 1 to 5 years, with some banks offering longer terms depending on the vehicle and borrower’s profile.
You will generally need your Emirates ID, salary certificate, bank statements, and proof of residence, among other documents.