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The Loan Agreement With Car As Collateral is a specialized financing document used in the United Arab Emirates when extending credit facilities secured by a vehicle. This document type is commonly utilized in both consumer and commercial financing scenarios, where the vehicle serves as primary security for the loan. The agreement must comply with UAE Federal Laws, including specific requirements for security creation under the Pledge of Movable Properties Law and Central Bank regulations. It includes comprehensive details about the loan facility, vehicle description, security arrangements, borrower obligations, and enforcement mechanisms. The document is particularly relevant in the UAE market where vehicle financing is a significant component of both personal and business lending, requiring careful consideration of local registration requirements and Sharia compliance where applicable.

1. Parties: Identification of the Lender and Borrower with full legal names and addresses

2. Background: Context of the loan arrangement and purpose, including reference to the vehicle being used as security

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Security Interest', 'Event of Default', etc.

4. Loan Amount and Purpose: Specification of the loan amount, purpose, and disbursement conditions

5. Interest and Fees: Details of interest rate, calculation method, and any applicable fees

6. Repayment Terms: Payment schedule, method of payment, and prepayment provisions

7. Security Creation: Creation of security interest over the vehicle, including registration requirements

8. Borrower's Representations: Borrower's declarations regarding ownership of vehicle, authority to pledge, etc.

9. Borrower's Covenants: Ongoing obligations regarding vehicle maintenance, insurance, usage restrictions

10. Events of Default: Circumstances constituting default and consequences

11. Enforcement Rights: Lender's rights upon default, including vehicle repossession procedures

12. Governing Law and Jurisdiction: Specification of UAE law and courts' jurisdiction