What year of manufacture should I look for in a car?
- May 21
- 1 min read
To be eligible for a car loan, it is crucial to ensure that all necessary documentation is complete, including the Debt Burden Ratio (DBR), employment information, duration of employment, and visa status. For better understanding, we have defined two classifications: Category A, which consists of individuals earning between 3,000 and 6,000 AED, and Category B, which includes those with salaries of 6,000 AED or higher. The shortest loan term offered is one year, while the longest can reach up to five years.
No American cars for loan not possible
loan possible for gcc cars only
Category A
salary between 3000 to 5999
2018 -model cars loan period can be minimum 1 year and maximum 3
2019- model cars loan period can be minimum 1 year and maximum 4
2020- model cars loan period can be minimum 1 year and maximum 5
Category B
salary 6000 or more working in reputed company
2017 -model cars loan period can be minimum 1 year and maximum 3
2018- model cars loan period can be minimum 1 year and maximum 4
2019- model cars loan period can be minimum 1 year and maximum 5
Important Note -If you are looking for less Emi then find 5 year loan plan model cars .