What is the loan process for purchasing an Atto 3 FWD in the UAE?

The loan process typically involves applying for a loan with a bank, providing necessary documents such as ID, proof of income, and vehicle details, and then waiting for approval.

Will taking a car loan affect my credit score in the UAE?

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

What factors influence the interest rate for a car loan in the UAE?

Interest rates can be influenced by factors such as your credit score, the amount of the loan, the loan term, and the bank's current policies.

What documents are required for a car loan application for an Atto 3 FWD?

Typically, you will need to provide your Emirates ID, salary certificate, bank statements, and vehicle registration details.

Are there any fees associated with taking out a car loan in the UAE?

Yes, there may be processing fees, insurance fees, and possibly early repayment fees. It's important to check the terms with your bank.

CarteaCar Loan Calculator

Atto 3 FWD Car Loan Calculator in UAE

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

Monthly Payment

AED 10,102

Down Payment

AED 29,980

Total Cost

AED 151,204

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 10,102	AED 111,122
2	AED 10,102	AED 101,020
3	AED 10,102	AED 90,918
4	AED 10,102	AED 80,816
5	AED 10,102	AED 70,714
6	AED 10,102	AED 60,612
7	AED 10,102	AED 50,510
8	AED 10,102	AED 40,408
9	AED 10,102	AED 30,306
10	AED 10,102	AED 20,204
11	AED 10,102	AED 10,102
12	AED 10,102	AED 0

Monthly Payment Composition

Interest: 109

Principal: 9993

Atto 3 FWD Car Loan Calculator FAQs in UAE

The loan process typically involves applying for a loan with a bank, providing necessary documents such as ID, proof of income, and vehicle details, and then waiting for approval.
Yes, taking out a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can lower it.
Interest rates can be influenced by factors such as your credit score, the amount of the loan, the loan term, and the bank's current policies.
Typically, you will need to provide your Emirates ID, salary certificate, bank statements, and vehicle registration details.
Yes, there may be processing fees, insurance fees, and possibly early repayment fees. It's important to check the terms with your bank.