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How can I sell a car if it is still on loan before leaving the UAE?

A car is under a car loan from a bank like monthly payment and the person who has taken the car loan goes back to their own country.

Can someone else either pay the remaining money for that car and claim the title of ownership or pay its registration or Mulkiya (ownership) and keep on driving it?

Is it possible or how long will it take for the car to get taken by the bank?

Rashid Saif Advocates & Legal Consultancy
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23 Feb 2023, 04:42

The car owner needs to get the NOC from Bank.

The current owner can execute a POA & Sale Agreement with the buyer to transfer the Ownership after clearing the loan.

For further assistance, kindly contact us by phone or email.

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