UNPAID CAR LOANS

Reduce Bank Losses and Recover Vehicles.

Join Report a Car today!

 

Estimates by Dubai Statistical Centre are that 900,000 people will be leaving the U.A.E.
Recently was announced that nearly 200,000 Indians in the U.A.E., have registered seeking to return home. (
read here).

Of the 11,000 outlets registered as F&B in Dubai, anywhere between 40-50 per cent are unlikely to remain in business over the next few months. (read here)
Hence many people will leaving the U.A.E., most with debts such as mortgages, credit cards, car finance debts.

Parkings, airports and garages, will be occupied by those cars again and you will also see an increase in provisions in your books, also caused by delinquent cars.

Pre Corona more than 100,000 vehicles were already wanted by all banks.
Low estimates indicate, that this number will rapidly increase to 200,000 cars, minimum!

Report a Car is requested to develop a system to recover vehicles. 

 

Report a Car is a fully developed front and back end system for U.A.E. banks and consumers.
All banks uploading the wanted cars, only license plate is enough.
It enables everyone to report abandoned vehicles using the app Report a Car.
If this car is wanted by the banks, all concerned departments will be notified such as Legal Team, Recovery Team, Police, Towing Companies, Emirates Auction.

 

Report a Car offers many other benefits:

  • Fully developed system to identify and recover defaulted vehicles

  • Integrated cost functionalities with RTA, Police

  • Import all fines and other related costs

  • Automated calculation modules to determine Cost of Benefit

  • Auto notification to Legal, Police, Repo Teams, Towing Companies

  • No local installation needed

 

More Benefits:

  • Report a Car supports banks recovering vehicles 50 times faster

  • Report a Car supports Police and Municipalities to identify delinquent cars, ready for to remove

  • The U.A.E. Central Bank will analyse less Credit Risk on Banks' Balance Sheets

  • Report a Car protects consumers for hazardous situation and cleaning up occupied parking spaces


How can your bank participate:

1. Contact our friendly team

2. Our team will visit your bank and will give a demo

3. After the presentation, our legal team will send a detailed agreement

4. After signing; Banks can upload cars
5. The hunt for your cars can begin

Contact our friendly team for a demo.
 

Eligible banks
UAB
BankkofSharjah
NBQ
Ajman
CBI
InvestBank
EIB
Union_National_Bank_(logo)
UBL
Swissquote.svg
Standard_Chartered.svg
Sharjah_Islamic_Bank_logo
RAK
Mashreq_logo
NBO
Noor
NBAD_logo
logo
HSBC
hbl-logo
Habib_Bank_AG_Zurich
FGB'
ENBD
EIB
DIB_logo
cbd-logo
Citi.svg
BankOfBarodaLogo.svg
Abu_Dhabi_Commercial_Bank_(ADCB)
ArabBankLogo
Adiblogo
Sharjah_Islamic_Bank_logo
RAK
BankOfBarodaLogo.svg
Union_National_Bank_(logo)