What is the car loan process for purchasing an 11 AWD in the UAE?

The car loan process typically involves applying at a bank or financial institution, providing necessary documentation, and awaiting approval based on your creditworthiness.

Will taking a loan for the 11 AWD affect my credit score?

Yes, applying for a loan may result in a hard inquiry on your credit report, which can temporarily affect your credit score.

What should I consider before applying for a car loan for the 11 AWD?

Consider your budget, the total cost of the loan, interest rates, and your ability to make monthly payments.

What factors can affect the interest rate of my car loan for the 11 AWD?

Factors include your credit score, loan amount, loan term, and current market interest rates.

What documents are needed to apply for a car loan for the 11 AWD?

Typically, you will need identification, proof of income, bank statements, and details about the vehicle.

CarteaCar Loan Calculator

11 AWD Car Loan Calculator in UAE

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

Monthly Payment

AED 13,984

Down Payment

AED 41,500

Total Cost

AED 209,308

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 13,984	AED 153,824
2	AED 13,984	AED 139,840
3	AED 13,984	AED 125,856
4	AED 13,984	AED 111,872
5	AED 13,984	AED 97,888
6	AED 13,984	AED 83,904
7	AED 13,984	AED 69,920
8	AED 13,984	AED 55,936
9	AED 13,984	AED 41,952
10	AED 13,984	AED 27,968
11	AED 13,984	AED 13,984
12	AED 13,984	AED 0

Monthly Payment Composition

Interest: 151

Principal: 13833

11 AWD Car Loan Calculator FAQs in UAE

The car loan process typically involves applying at a bank or financial institution, providing necessary documentation, and awaiting approval based on your creditworthiness.
Yes, applying for a loan may result in a hard inquiry on your credit report, which can temporarily affect your credit score.
Consider your budget, the total cost of the loan, interest rates, and your ability to make monthly payments.
Factors include your credit score, loan amount, loan term, and current market interest rates.
Typically, you will need identification, proof of income, bank statements, and details about the vehicle.