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1. Parties: Identification of the Lender (Financial Institution) and Borrower with full legal names and details
2. Background: Brief context of the loan purpose and vehicle details
3. Definitions: Key terms used throughout the agreement including Vehicle, Loan Amount, Interest Rate, etc.
4. Loan Details: Specific terms of the loan including principal amount, interest rate, tenure, and payment schedule
5. Security and Vehicle Registration: Provisions regarding the vehicle as security and registration requirements
6. Repayment Terms: Details of installment payments, payment methods, and prepayment conditions
7. Borrower's Representations: Warranties and representations by the borrower regarding their ability to repay and vehicle usage
8. Insurance Requirements: Mandatory insurance coverage requirements and beneficiary provisions
9. Events of Default: Circumstances constituting default and consequent lender rights
10. Rights and Remedies: Legal rights of both parties, especially lender's rights in case of default
11. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction for disputes
1. Islamic Finance Provisions: Required if the loan is Sharia-compliant, including Murabaha structure details
2. Guarantor Provisions: Required if a guarantor is providing additional security for the loan
3. Additional Security: Required if additional collateral besides the vehicle is being provided
4. Early Settlement Terms: Detailed terms for early loan settlement if different from standard terms
5. Cross-Default Provisions: Required if the borrower has other facilities with the lender
6. Electronic Communications: Optional provisions for electronic notices and communications
1. Vehicle Details Schedule: Detailed description of the vehicle including make, model, year, VIN, and registration details
2. Payment Schedule: Detailed amortization schedule showing monthly payments, principal, and interest breakdown
3. Insurance Requirements Schedule: Detailed insurance requirements including minimum coverage amounts
4. Fees Schedule: Breakdown of all applicable fees including processing fees, late payment charges, and prepayment charges
5. Required Documents Checklist: List of all documents required from the borrower including ID, salary certificate, etc.
6. Key Facts Statement: Summary of key terms and conditions as required by UAE Central Bank regulations
Banking & Financial Services
Automotive
Insurance
Consumer Finance
Islamic Banking
Transportation
Legal Services
Retail
Legal
Finance
Credit
Compliance
Risk Management
Operations
Collections
Retail Banking
Corporate Banking
Islamic Banking
Documentation
Customer Service
Legal Counsel
Finance Manager
Credit Officer
Compliance Officer
Relationship Manager
Auto Finance Specialist
Risk Manager
Branch Manager
Operations Manager
Collections Manager
Document Controller
Corporate Banking Officer
Retail Banking Officer
Islamic Banking Specialist
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