What is the process to apply for a car loan for the C11 Extended Range in UAE?

To apply for a car loan for the C11 Extended Range in UAE, you need to visit a bank or financial institution, submit the required documents such as your ID, salary certificate, and vehicle details, and fill out the loan application form.

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

Yes, taking a car loan can affect your credit score in UAE. If you make timely payments, it can improve your score, but missed payments can negatively impact it.

What factors can influence the interest rate of my car loan for the C11 Extended Range?

Factors influencing the interest rate of your car loan include your credit score, the loan amount, the loan term, and the bank's current policies.

What should I be aware of when taking a car loan for the C11 Extended Range?

When taking a car loan, be aware of the total cost including interest, the loan terms, any additional fees, and ensure you can meet the monthly payment obligations.

Can I refinance my car loan for the C11 Extended Range after some time?

Yes, you can refinance your car loan for the C11 Extended Range if it makes financial sense. This is often done to secure a lower interest rate or to adjust your monthly payments.

CarteaCar Loan Calculator

C11 Extended Range Car Loan Calculator in UAE

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

Monthly Payment

AED 7,447

Down Payment

AED 22,100

Total Cost

AED 111,464

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,447	AED 81,917
2	AED 7,447	AED 74,470
3	AED 7,447	AED 67,023
4	AED 7,447	AED 59,576
5	AED 7,447	AED 52,129
6	AED 7,447	AED 44,682
7	AED 7,447	AED 37,235
8	AED 7,447	AED 29,788
9	AED 7,447	AED 22,341
10	AED 7,447	AED 14,894
11	AED 7,447	AED 7,447
12	AED 7,447	AED 0

Monthly Payment Composition

Interest: 81

Principal: 7366

C11 Extended Range Car Loan Calculator FAQs in UAE

To apply for a car loan for the C11 Extended Range in UAE, you need to visit a bank or financial institution, submit the required documents such as your ID, salary certificate, and vehicle details, and fill out the loan application form.
Yes, taking a car loan can affect your credit score in UAE. If you make timely payments, it can improve your score, but missed payments can negatively impact it.
Factors influencing the interest rate of your car loan include your credit score, the loan amount, the loan term, and the bank's current policies.
When taking a car loan, be aware of the total cost including interest, the loan terms, any additional fees, and ensure you can meet the monthly payment obligations.
Yes, you can refinance your car loan for the C11 Extended Range if it makes financial sense. This is often done to secure a lower interest rate or to adjust your monthly payments.