What is the loan process for purchasing a 500 Prestige 3.0T in the UAE?

The loan process typically involves submitting an application, providing necessary documentation, and undergoing credit checks. Once approved, you will receive the funds to purchase the vehicle.

Will taking a loan for the 500 Prestige 3.0T affect my credit score?

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

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

Consider your credit score, the interest rates offered, your monthly budget, and the total cost of the loan including fees.

What are the typical interest rates for car loans in the UAE?

Interest rates for car loans in the UAE can vary, but they typically range from 3% to 5% depending on the bank and your credit profile.

Are there any hidden fees I should be aware of when taking a car loan?

Yes, it's important to ask about any processing fees, insurance requirements, and early repayment penalties that may apply.

CarteaCar Loan Calculator

500 Prestige 3.0T Car Loan Calculator in UAE

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

Monthly Payment

AED 13,142

Down Payment

AED 39,000

Total Cost

AED 196,704

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 13,142	AED 144,562
2	AED 13,142	AED 131,420
3	AED 13,142	AED 118,278
4	AED 13,142	AED 105,136
5	AED 13,142	AED 91,994
6	AED 13,142	AED 78,852
7	AED 13,142	AED 65,710
8	AED 13,142	AED 52,568
9	AED 13,142	AED 39,426
10	AED 13,142	AED 26,284
11	AED 13,142	AED 13,142
12	AED 13,142	AED 0

Monthly Payment Composition

Interest: 142

Principal: 13000

500 Prestige 3.0T Car Loan Calculator FAQs in UAE

The loan process typically involves submitting an application, providing necessary documentation, and undergoing credit checks. Once approved, you will receive the funds to purchase the vehicle.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider your credit score, the interest rates offered, your monthly budget, and the total cost of the loan including fees.
Interest rates for car loans in the UAE can vary, but they typically range from 3% to 5% depending on the bank and your credit profile.
Yes, it's important to ask about any processing fees, insurance requirements, and early repayment penalties that may apply.