What are the requirements to apply for a car loan for the 695 1.4T 70th Anniversario in UAE?

To apply for a car loan in UAE, you typically need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.

How does taking a car loan affect my credit score in UAE?

Taking a car loan can impact your credit score positively if you make timely payments, but late payments can negatively affect your score.

What factors can influence the interest rate on my car loan?

Factors that can influence the interest rate include your credit score, the loan amount, the loan term, and the overall economic conditions.

What should I consider before signing a car loan agreement in UAE?

Before signing, consider the total cost of the loan, interest rates, repayment terms, and any additional fees or charges.

Can I pay off my car loan early without penalties in UAE?

Many banks in UAE allow early repayment, but it's essential to check for any prepayment penalties in your loan agreement.

CarteaCar Loan Calculator

695 1.4T 70th Anniversario Car Loan Calculator in UAE

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

Monthly Payment

AED 13,485

Down Payment

AED 40,020

Total Cost

AED 201,840

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 13,485	AED 148,335
2	AED 13,485	AED 134,850
3	AED 13,485	AED 121,365
4	AED 13,485	AED 107,880
5	AED 13,485	AED 94,395
6	AED 13,485	AED 80,910
7	AED 13,485	AED 67,425
8	AED 13,485	AED 53,940
9	AED 13,485	AED 40,455
10	AED 13,485	AED 26,970
11	AED 13,485	AED 13,485
12	AED 13,485	AED 0

Monthly Payment Composition

Interest: 145

Principal: 13340

695 1.4T 70th Anniversario Car Loan Calculator FAQs in UAE

To apply for a car loan in UAE, you typically need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.
Taking a car loan can impact your credit score positively if you make timely payments, but late payments can negatively affect your score.
Factors that can influence the interest rate include your credit score, the loan amount, the loan term, and the overall economic conditions.
Before signing, consider the total cost of the loan, interest rates, repayment terms, and any additional fees or charges.
Many banks in UAE allow early repayment, but it's essential to check for any prepayment penalties in your loan agreement.