What are the requirements to apply for a car loan for an Avanza 1.5L GLS (commercial) in the UAE?

To apply for a car loan for an Avanza 1.5L GLS (commercial), you typically need to provide proof of income, a valid Emirates ID, bank statements, and a credit report.

How does taking out a loan for an Avanza 1.5L GLS (commercial) affect my credit score?

Taking out a loan can initially lower your credit score due to the hard inquiry, but making timely payments can improve your score over time.

What factors influence the interest rate for a car loan for the Avanza 1.5L GLS (commercial)?

Interest rates for car loans are influenced by factors such as your credit score, loan amount, loan term, and current market conditions.

What is the typical loan term for financing an Avanza 1.5L GLS (commercial)?

The typical loan term for financing an Avanza 1.5L GLS (commercial) ranges from 3 to 5 years, depending on the lender.

What should I be aware of before signing a car loan agreement for an Avanza 1.5L GLS (commercial)?

Before signing a car loan agreement, ensure you understand the interest rate, repayment terms, any additional fees, and the total cost of the loan.

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Avanza 1.5L GLS (commercial) Car Loan Calculator in UAE

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

Monthly Payment

AED 4,549

Down Payment

AED 13,500

Total Cost

AED 68,088

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,549	AED 50,039
2	AED 4,549	AED 45,490
3	AED 4,549	AED 40,941
4	AED 4,549	AED 36,392
5	AED 4,549	AED 31,843
6	AED 4,549	AED 27,294
7	AED 4,549	AED 22,745
8	AED 4,549	AED 18,196
9	AED 4,549	AED 13,647
10	AED 4,549	AED 9,098
11	AED 4,549	AED 4,549
12	AED 4,549	AED 0

Monthly Payment Composition

Interest: 49

Principal: 4500

Avanza 1.5L GLS (commercial) Car Loan Calculator FAQs in UAE

To apply for a car loan for an Avanza 1.5L GLS (commercial), you typically need to provide proof of income, a valid Emirates ID, bank statements, and a credit report.
Taking out a loan can initially lower your credit score due to the hard inquiry, but making timely payments can improve your score over time.
Interest rates for car loans are influenced by factors such as your credit score, loan amount, loan term, and current market conditions.
The typical loan term for financing an Avanza 1.5L GLS (commercial) ranges from 3 to 5 years, depending on the lender.
Before signing a car loan agreement, ensure you understand the interest rate, repayment terms, any additional fees, and the total cost of the loan.