What is the car loan process for purchasing a 001 Premium AWD in UAE?

The car loan process typically involves submitting a loan application, providing necessary documents, and awaiting approval from the bank. It usually takes a few days to a week.

Will taking a loan for the 001 Premium AWD affect my credit score?

Yes, taking a loan can impact your credit score as it adds a new credit account. Responsible repayment can improve your score over time.

What should I be aware of when applying for a car loan for the 001 Premium AWD?

You should check the interest rates, loan terms, and any additional fees. It's also important to understand your repayment capacity.

What factors can influence the interest rate on my car loan?

Factors include your credit score, the loan amount, the length of the loan term, and the lender's policies.

Are there any special promotions or offers for financing the 001 Premium AWD?

Many banks offer promotional rates or deals for new car loans. It's best to check with various banks for current offers.

CarteaCar Loan Calculator

001 Premium AWD Car Loan Calculator in UAE

To finance this car, you can first calculate the installment price in UAE

Monthly Payment

AED 16,505

Down Payment

AED 48,980

Total Cost

AED 247,040

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 16,505	AED 181,555
2	AED 16,505	AED 165,050
3	AED 16,505	AED 148,545
4	AED 16,505	AED 132,040
5	AED 16,505	AED 115,535
6	AED 16,505	AED 99,030
7	AED 16,505	AED 82,525
8	AED 16,505	AED 66,020
9	AED 16,505	AED 49,515
10	AED 16,505	AED 33,010
11	AED 16,505	AED 16,505
12	AED 16,505	AED 0

Monthly Payment Composition

Interest: 179

Principal: 16326

001 Premium AWD Car Loan Calculator FAQs in UAE

The car loan process typically involves submitting a loan application, providing necessary documents, and awaiting approval from the bank. It usually takes a few days to a week.
Yes, taking a loan can impact your credit score as it adds a new credit account. Responsible repayment can improve your score over time.
You should check the interest rates, loan terms, and any additional fees. It's also important to understand your repayment capacity.
Factors include your credit score, the loan amount, the length of the loan term, and the lender's policies.
Many banks offer promotional rates or deals for new car loans. It's best to check with various banks for current offers.