What is the typical interest rate for a loan on a Ferrari 812 GTS 6.5L V12 in the UAE?

The typical interest rate for a luxury car loan in the UAE can range from 3% to 7%, depending on the bank and your credit score.

How can I apply for a car loan for the Ferrari 812 GTS in the UAE?

You can apply for a car loan by visiting a bank branch, filling out an application form, and providing required documents such as your ID, proof of income, and bank statements.

Will taking out a loan for the Ferrari 812 GTS affect my credit score?

Yes, taking out a loan can temporarily affect your credit score as it increases your debt-to-income ratio and involves a hard inquiry on your credit report.

What documents do I need to provide for the car loan?

You typically need to provide your Emirates ID, proof of income (such as salary slips), bank statements, and possibly a copy of the vehicle's purchase agreement.

What factors can affect the loan amount and terms for a Ferrari 812 GTS?

Factors include your credit score, income level, existing debts, the bank's lending criteria, and the value of the car itself.

CarteaCar Loan Calculator

812 GTS 6.5L V12 Car Loan Calculator in UAE

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

Monthly Payment

AED 114,356

Down Payment

AED 339,380

Total Cost

AED 1,711,652

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 114,356	AED 1,257,916
2	AED 114,356	AED 1,143,560
3	AED 114,356	AED 1,029,204
4	AED 114,356	AED 914,848
5	AED 114,356	AED 800,492
6	AED 114,356	AED 686,136
7	AED 114,356	AED 571,780
8	AED 114,356	AED 457,424
9	AED 114,356	AED 343,068
10	AED 114,356	AED 228,712
11	AED 114,356	AED 114,356
12	AED 114,356	AED 0

Monthly Payment Composition

Interest: 1230

Principal: 113126

812 GTS 6.5L V12 Car Loan Calculator FAQs in UAE

The typical interest rate for a luxury car loan in the UAE can range from 3% to 7%, depending on the bank and your credit score.
You can apply for a car loan by visiting a bank branch, filling out an application form, and providing required documents such as your ID, proof of income, and bank statements.
Yes, taking out a loan can temporarily affect your credit score as it increases your debt-to-income ratio and involves a hard inquiry on your credit report.
You typically need to provide your Emirates ID, proof of income (such as salary slips), bank statements, and possibly a copy of the vehicle's purchase agreement.
Factors include your credit score, income level, existing debts, the bank's lending criteria, and the value of the car itself.