What are the eligibility criteria for a car loan in UAE for a 408 ALLURE?

To be eligible for a car loan for a 408 ALLURE in UAE, you typically need to be a resident, at least 21 years old, have a stable income, and provide necessary documents like ID and salary certificates.

How do I apply for a car loan for a 408 ALLURE in UAE?

You can apply for a car loan either online through the bank's website or by visiting a bank branch. You will need to fill out an application form and submit required documents.

Will taking out a loan for a 408 ALLURE affect my credit score?

Yes, taking out a loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.

What should I consider before taking a car loan for a 408 ALLURE?

Consider the interest rate, loan tenure, your monthly budget, and any additional fees that may be associated with the loan.

What factors can affect the loan interest rate for a 408 ALLURE?

Factors that can affect the loan interest rate include your credit score, the loan amount, the loan tenure, and the bank's current lending policies.

CarteaCar Loan Calculator

408 ALLURE Car Loan Calculator in UAE

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

Monthly Payment

AED 8,694

Down Payment

AED 25,800

Total Cost

AED 130,128

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,694	AED 95,634
2	AED 8,694	AED 86,940
3	AED 8,694	AED 78,246
4	AED 8,694	AED 69,552
5	AED 8,694	AED 60,858
6	AED 8,694	AED 52,164
7	AED 8,694	AED 43,470
8	AED 8,694	AED 34,776
9	AED 8,694	AED 26,082
10	AED 8,694	AED 17,388
11	AED 8,694	AED 8,694
12	AED 8,694	AED 0

Monthly Payment Composition

Interest: 94

Principal: 8600

408 ALLURE Car Loan Calculator FAQs in UAE

To be eligible for a car loan for a 408 ALLURE in UAE, you typically need to be a resident, at least 21 years old, have a stable income, and provide necessary documents like ID and salary certificates.
You can apply for a car loan either online through the bank's website or by visiting a bank branch. You will need to fill out an application form and submit required documents.
Yes, taking out a loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider the interest rate, loan tenure, your monthly budget, and any additional fees that may be associated with the loan.
Factors that can affect the loan interest rate include your credit score, the loan amount, the loan tenure, and the bank's current lending policies.