What is the process for obtaining a car loan for the 2008 1.6L Active+ (115HP) in the UAE?

To obtain a car loan for the 2008 1.6L Active+ (115HP) in the UAE, you need to choose a bank, submit an application, provide necessary documents such as ID, proof of income, and details of the car, and then wait for the bank's approval.

Will taking out a loan for the car affect my credit score?

Yes, taking out a loan can affect your credit score. If you make timely payments, it can positively impact your score, but missing payments can harm it.

What factors should I consider when applying for a car loan?

Consider the interest rate, loan term, down payment, your monthly budget, and the bank's fees and charges when applying for a car loan.

How does the exchange rate affect my car loan?

The exchange rate can affect your loan if you are taking a loan in a foreign currency. Fluctuations in the exchange rate can increase or decrease your repayment amounts.

What documents do I need to apply for a car loan?

You typically need to provide a copy of your ID, proof of income, bank statements, and details about the car such as the purchase invoice.

CarteaCar Loan Calculator

2008 1.6L Active+ (115HP) Car Loan Calculator in UAE

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

Monthly Payment

AED 5,587

Down Payment

AED 16,580

Total Cost

AED 83,624

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,587	AED 61,457
2	AED 5,587	AED 55,870
3	AED 5,587	AED 50,283
4	AED 5,587	AED 44,696
5	AED 5,587	AED 39,109
6	AED 5,587	AED 33,522
7	AED 5,587	AED 27,935
8	AED 5,587	AED 22,348
9	AED 5,587	AED 16,761
10	AED 5,587	AED 11,174
11	AED 5,587	AED 5,587
12	AED 5,587	AED 0

Monthly Payment Composition

Interest: 61

Principal: 5526

2008 1.6L Active+ (115HP) Car Loan Calculator FAQs in UAE

To obtain a car loan for the 2008 1.6L Active+ (115HP) in the UAE, you need to choose a bank, submit an application, provide necessary documents such as ID, proof of income, and details of the car, and then wait for the bank's approval.
Yes, taking out a loan can affect your credit score. If you make timely payments, it can positively impact your score, but missing payments can harm it.
Consider the interest rate, loan term, down payment, your monthly budget, and the bank's fees and charges when applying for a car loan.
The exchange rate can affect your loan if you are taking a loan in a foreign currency. Fluctuations in the exchange rate can increase or decrease your repayment amounts.
You typically need to provide a copy of your ID, proof of income, bank statements, and details about the car such as the purchase invoice.