: Your total monthly debt obligations cannot exceed 50% of your salary .
: This is a Sharia-compliant structure where the bank buys the car and resells it to you at a fixed profit margin. There is no compound interest on late payments, and the profit rate is fixed. automobile financing
: A score of 650 or above from the Al Etihad Credit Bureau (AECB) is generally preferred for smoother approval and better rates. Documents Needed : : Your total monthly debt obligations cannot exceed
Original Emirates ID and Passport (with valid residence visa). Valid UAE Driving License. Salary certificate or 3–6 months of bank statements. Official vehicle quotation from the dealer or seller. Key Factors Impacting Your Rate automobile financing