What are the eligibility criteria for obtaining a loan for the Camry 2.5L Limited HEV in UAE?

The eligibility criteria typically include being a resident of UAE, having a stable income, being at least 21 years old, and having a good credit score.

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

Taking a car loan can impact your credit score positively if you make timely payments, but late payments can negatively affect your score.

What documents are required to apply for a car loan in UAE?

You typically need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.

What factors affect the interest rates for car loans in UAE?

Interest rates can be affected by your credit score, the loan amount, the loan tenure, and the bank's policies.

Is it better to get a loan from a bank or a dealership for purchasing the Camry 2.5L Limited HEV?

It depends on the terms and interest rates offered; banks may offer better rates, while dealerships may provide convenience.

CarteaCar Loan Calculator

Camry 2.5L Limited HEV (215 HP) Car Loan Calculator in UAE

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

Monthly Payment

AED 9,631

Down Payment

AED 28,580

Total Cost

AED 144,152

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,631	AED 105,941
2	AED 9,631	AED 96,310
3	AED 9,631	AED 86,679
4	AED 9,631	AED 77,048
5	AED 9,631	AED 67,417
6	AED 9,631	AED 57,786
7	AED 9,631	AED 48,155
8	AED 9,631	AED 38,524
9	AED 9,631	AED 28,893
10	AED 9,631	AED 19,262
11	AED 9,631	AED 9,631
12	AED 9,631	AED 0

Monthly Payment Composition

Interest: 105

Principal: 9526

Camry 2.5L Limited HEV (215 HP) Car Loan Calculator FAQs in UAE

The eligibility criteria typically include being a resident of UAE, having a stable income, being at least 21 years old, and having a good credit score.
Taking a car loan can impact your credit score positively if you make timely payments, but late payments can negatively affect your score.
You typically need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.
Interest rates can be affected by your credit score, the loan amount, the loan tenure, and the bank's policies.
It depends on the terms and interest rates offered; banks may offer better rates, while dealerships may provide convenience.