What is the process for obtaining a car loan for the Accord HEV EXL in the UAE?

To obtain a car loan for the Accord HEV EXL in the UAE, you typically need to provide proof of income, a valid Emirates ID, and other necessary documents. Once you have these, you can approach a bank or financial institution to apply for the loan.

Will taking a car loan for the Accord HEV EXL affect my credit score?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score; however, missing payments can negatively impact it.

What factors can influence the interest rate on my car loan for the Accord HEV EXL?

Factors that can influence the interest rate include your credit score, the loan term, the down payment amount, and the policies of the lending bank.

What should I be aware of when applying for a car loan for the Accord HEV EXL?

You should be aware of the total cost of the loan, including interest rates and fees, your monthly repayment amount, and the terms of the loan agreement.

Are there any specific eligibility requirements for a car loan for the Accord HEV EXL in the UAE?

Yes, eligibility requirements may include being at least 21 years old, having a steady income, and having a good credit history.

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Accord HEV EXL Car Loan Calculator in UAE

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

Monthly Payment

AED 11,113

Down Payment

AED 32,980

Total Cost

AED 166,336

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 11,113	AED 122,243
2	AED 11,113	AED 111,130
3	AED 11,113	AED 100,017
4	AED 11,113	AED 88,904
5	AED 11,113	AED 77,791
6	AED 11,113	AED 66,678
7	AED 11,113	AED 55,565
8	AED 11,113	AED 44,452
9	AED 11,113	AED 33,339
10	AED 11,113	AED 22,226
11	AED 11,113	AED 11,113
12	AED 11,113	AED 0

Monthly Payment Composition

Interest: 120

Principal: 10993

Accord HEV EXL Car Loan Calculator FAQs in UAE

To obtain a car loan for the Accord HEV EXL in the UAE, you typically need to provide proof of income, a valid Emirates ID, and other necessary documents. Once you have these, you can approach a bank or financial institution to apply for the loan.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score; however, missing payments can negatively impact it.
Factors that can influence the interest rate include your credit score, the loan term, the down payment amount, and the policies of the lending bank.
You should be aware of the total cost of the loan, including interest rates and fees, your monthly repayment amount, and the terms of the loan agreement.
Yes, eligibility requirements may include being at least 21 years old, having a steady income, and having a good credit history.