What is the car loan process for purchasing an Accord 1.5L EXL in the UAE?

The car loan process typically involves selecting your vehicle, applying for the loan through a bank or financial institution, providing necessary documentation, and then awaiting approval before finalizing the purchase.

Will taking a car loan affect my credit score?

Yes, taking a car 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?

Consider the interest rates, loan terms, monthly payments, your credit score, and any fees associated with the loan.

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

Interest rates for car loans in the UAE typically range from 3% to 6% depending on the lender and your creditworthiness.

What can influence the exchange rate for my car loan?

Factors such as economic conditions, interest rates, inflation, and government policies can influence the exchange rate for your car loan.

CarteaCar Loan Calculator

Accord 1.5L EXL Car Loan Calculator in UAE

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

Monthly Payment

AED 9,765

Down Payment

AED 28,980

Total Cost

AED 146,160

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,765	AED 107,415
2	AED 9,765	AED 97,650
3	AED 9,765	AED 87,885
4	AED 9,765	AED 78,120
5	AED 9,765	AED 68,355
6	AED 9,765	AED 58,590
7	AED 9,765	AED 48,825
8	AED 9,765	AED 39,060
9	AED 9,765	AED 29,295
10	AED 9,765	AED 19,530
11	AED 9,765	AED 9,765
12	AED 9,765	AED 0

Monthly Payment Composition

Interest: 105

Principal: 9660

Accord 1.5L EXL Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting your vehicle, applying for the loan through a bank or financial institution, providing necessary documentation, and then awaiting approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider the interest rates, loan terms, monthly payments, your credit score, and any fees associated with the loan.
Interest rates for car loans in the UAE typically range from 3% to 6% depending on the lender and your creditworthiness.
Factors such as economic conditions, interest rates, inflation, and government policies can influence the exchange rate for your car loan.