What are the eligibility criteria for getting a car loan for the 86 TRUENO Edition in UAE?

To be eligible for a car loan in UAE, you typically need to be at least 21 years old, have a stable income, and provide valid identification and residency documents.

How does taking a loan for the 86 TRUENO Edition affect my credit score?

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

What documents do I need to apply for a car loan for the 86 TRUENO Edition?

You will typically need your Emirates ID, proof of income, bank statements, and the vehicle's purchase invoice.

What factors can affect the interest rate on my car loan for the 86 TRUENO Edition?

Factors affecting the interest rate include your credit score, loan amount, loan term, and the lender's policies.

Are there any hidden fees I should be aware of when taking a car loan for the 86 TRUENO Edition?

Yes, some lenders may charge processing fees, early repayment penalties, or insurance costs. Always read the loan agreement carefully.

CarteaCar Loan Calculator

86 TRUENO Edition Car Loan Calculator in UAE

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

Monthly Payment

AED 8,795

Down Payment

AED 26,100

Total Cost

AED 131,640

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,795	AED 96,745
2	AED 8,795	AED 87,950
3	AED 8,795	AED 79,155
4	AED 8,795	AED 70,360
5	AED 8,795	AED 61,565
6	AED 8,795	AED 52,770
7	AED 8,795	AED 43,975
8	AED 8,795	AED 35,180
9	AED 8,795	AED 26,385
10	AED 8,795	AED 17,590
11	AED 8,795	AED 8,795
12	AED 8,795	AED 0

Monthly Payment Composition

Interest: 95

Principal: 8700

86 TRUENO Edition Car Loan Calculator FAQs in UAE

To be eligible for a car loan in UAE, you typically need to be at least 21 years old, have a stable income, and provide valid identification and residency documents.
Taking a loan can affect your credit score positively if you make timely payments, but missing payments can negatively impact it.
You will typically need your Emirates ID, proof of income, bank statements, and the vehicle's purchase invoice.
Factors affecting the interest rate include your credit score, loan amount, loan term, and the lender's policies.
Yes, some lenders may charge processing fees, early repayment penalties, or insurance costs. Always read the loan agreement carefully.