What is the car loan process for purchasing a 3008 1.6T Active+ in UAE?

The car loan process typically involves selecting a lender, submitting your application with necessary documents, and getting approval before finalizing the purchase.

Will taking a car loan affect my credit score in UAE?

Yes, taking a car loan will impact your credit score, as it reflects your credit utilization and ability to repay debt.

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

You typically need your Emirates ID, proof of income, bank statements, and sometimes a credit report.

What factors can affect the interest rates for my car loan?

Factors include your credit score, loan amount, loan tenure, and the lender’s policies.

Are there any hidden fees associated with car loans in UAE?

Yes, some lenders may charge processing fees, insurance fees, or early repayment penalties, so it's important to read the terms carefully.

CarteaCar Loan Calculator

3008 1.6T Active+ Car Loan Calculator in UAE

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

Monthly Payment

AED 7,205

Down Payment

AED 21,380

Total Cost

AED 107,840

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,205	AED 79,255
2	AED 7,205	AED 72,050
3	AED 7,205	AED 64,845
4	AED 7,205	AED 57,640
5	AED 7,205	AED 50,435
6	AED 7,205	AED 43,230
7	AED 7,205	AED 36,025
8	AED 7,205	AED 28,820
9	AED 7,205	AED 21,615
10	AED 7,205	AED 14,410
11	AED 7,205	AED 7,205
12	AED 7,205	AED 0

Monthly Payment Composition

Interest: 79

Principal: 7126

3008 1.6T Active+ Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a lender, submitting your application with necessary documents, and getting approval before finalizing the purchase.
Yes, taking a car loan will impact your credit score, as it reflects your credit utilization and ability to repay debt.
You typically need your Emirates ID, proof of income, bank statements, and sometimes a credit report.
Factors include your credit score, loan amount, loan tenure, and the lender’s policies.
Yes, some lenders may charge processing fees, insurance fees, or early repayment penalties, so it's important to read the terms carefully.