What is the Air Touring car loan in UAE?

The Air Touring car loan is a financing option offered by banks in the UAE specifically for purchasing vehicles, allowing customers to buy a car and pay for it in installments.

How can I apply for an Air Touring car loan?

You can apply for an Air Touring car loan by visiting a bank branch, filling out an application form, and providing necessary documents such as ID, proof of income, and vehicle details.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. If you consistently make timely payments, it can improve your score, but missed payments can harm it.

What should I consider before taking an Air Touring car loan?

Consider the interest rate, loan tenure, monthly installments, your financial situation, and any additional fees before taking a loan.

What factors can affect the loan exchange rate?

Factors that can affect the loan exchange rate include economic conditions, inflation rates, central bank policies, and market demand for loans.

CarteaCar Loan Calculator

Air Touring Car Loan Calculator in UAE

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

Monthly Payment

AED 23,564

Down Payment

AED 69,930

Total Cost

AED 352,698

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 23,564	AED 259,204
2	AED 23,564	AED 235,640
3	AED 23,564	AED 212,076
4	AED 23,564	AED 188,512
5	AED 23,564	AED 164,948
6	AED 23,564	AED 141,384
7	AED 23,564	AED 117,820
8	AED 23,564	AED 94,256
9	AED 23,564	AED 70,692
10	AED 23,564	AED 47,128
11	AED 23,564	AED 23,564
12	AED 23,564	AED 0

Monthly Payment Composition

Interest: 254

Principal: 23310

Air Touring Car Loan Calculator FAQs in UAE

The Air Touring car loan is a financing option offered by banks in the UAE specifically for purchasing vehicles, allowing customers to buy a car and pay for it in installments.
You can apply for an Air Touring car loan by visiting a bank branch, filling out an application form, and providing necessary documents such as ID, proof of income, and vehicle details.
Yes, taking a car loan can affect your credit score. If you consistently make timely payments, it can improve your score, but missed payments can harm it.
Consider the interest rate, loan tenure, monthly installments, your financial situation, and any additional fees before taking a loan.
Factors that can affect the loan exchange rate include economic conditions, inflation rates, central bank policies, and market demand for loans.